Listed by Ken Pecus, eXp Realty,

741 745 Orange Ave

Coronado, CA, 92118

$7,950,000

$7,950,000
Pending
Pending
 - For Sale
property_type
Multi-family
calendar
Built 2015
Occasionally a singular moment in time can mean so much. When that moment is unseen in more than a generation or two, it deserves our full attention. Introducing a stunning opportunity to own, restore or redevelop one of the finest multi-family residential parcels on the Crown Isle. Situated perfectly at the crossroads of every sought-after amenity of living in the Village, this compound spanning 10,500sf is gleaming with promise. Its proximity has no peer. From the Mainstreet commercial district on one side to the elegance and concerts of Spreckels Park on the other, the location is the definition of perfection. Family stories of the past are ready to be rewritten with exciting new chapters of the future, all interwoven into what we all know that makes Coronado such a special place to call home. See Supplement for Details.. The possibilities are endless! The offering includes two parcels: a 25 x 140 lot adjacent to a 50 x 140 lot (APN #s 537-091-06-00 & 537-091-07-00). The total 10,500sf of R4-zoned land offers one unit per 1,090sf of land for a total of 9 potential future homes. There are ONLY 10 blocks in ALL of Coronado Village with R4-zoning. Now think about this… THIS is the CLOSEST R4 block to The Beach, Uptown and The Hotel Del. Current configuration has a 2 bed, 1 bath single-family house and 2-car garage on the smaller lot. The larger parcel has a two structure 5-unit, 4-car garage set up. With 75 feet of prime frontage and rear alley, the flexibility of the lot is incredible. There is a stately duplex in the front, right corner which would be an amazing anchor for a new development surrounding a courtyard. Future uses could include developing multi-unit rentals, for-sale condos, or keep the existing infrastructure, rehab, restore and just own one of the most valuable trophy parcels in all of Coronado. Property has excellent tenant history and is under professional property management. All rental histories and P&Ls will be provided to buyer upon acceptance of offer. Single-family home (#737 Orange Ave) is 2 beds, 1 bath, 924sf and rents for $2,850/month. 5th Unit (#741.5) is a 1 bed, 1 bath that rents for $1,475/month. Exterior: Wood/Stucco Sewer: Sewer Connected Unit # for Unit 1: 741 Unit # for Unit 2: 743 Unit # for Unit 3: 745 Unit # for Unit 4: 747 Number of Furnished Units: 0 Topography: LL
MLS® ID:
220003135SD
Listed:
2/10/22
Updated:
8/12/22

Interior Features

Kitchen Appliances
Gas Water Heater
Total Bedrooms
0
Total Bathrooms
0
Cooling
None
Heating
Natural Gas, See Remarks

Exterior/Building Features

Lot Size
10,500 ft² lot
Roof
Composition

Other Property Details

Area Name
92118 - Coronado
Garage
No
Parking
N
View
Y
County
San Diego
Pool
No
Pool Description
None
Total Stories
2
Zoning
R-4

Property History

Date
Event
Price
Value
7/13/22
Pending
-
-
7/6/22
Active
-
-
3/4/22
Pending
-
-

 

Listed by Ken Pecus, eXp Realty,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/12/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 7:13 PM UTC, 8/12/22

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