948 D Ave, Coronado, California

$5,000,000

Previous Next

About 948 D Ave

Pleased to present for sale 948 D Avenue, a 7-unit value-add apartment building located on Coronado Island. Constructed in 1913, this asset has two buildings on one 6,873 SF lot. The front building is comprised of (2) Studio units, (2) 1-Bedroom/1-Bathroom units, and (1) Studio + Loft unit. The back building has (2) 2-Bedroom/1-Bathroom units above (4) single car garages. The property features a communal laundry room and storage units. Long term ownership with several long-term tenants creates a unique opportunity for the next owner to dramatically improve operations through renovating units and maximizing rental income. This property is historic and may offer potential tax savings through the California Mills Act Program.

Features of 948 D Ave

MLS® # 220029646
Price $5,000,000
Acres 0.00
Type Commercial
Sub-Type Com-Res Income
Status ACTIVE

Community Information

Address 948 D Ave
Area CORONADO (92118)
City Coronado
County San Diego
State California
Zip Code 92118

Amenities

Parking Garages

Interior

# of Stories 2

Additional Information

Date Listed December 13th, 2022
Days on Market 45
Short Sale No

Listing Details

OfficeMarcus & Millichap

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?