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Buy a multi-family propertyat 850 Olive Avenue, Coronado, CA 92118

$3,350,000

$3,500,000 (-4.29%)

$0/mo

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Residential

2,388 Sq. Ft.

2,980 Sq. Ft. lot

4 Bedrooms

4 Bathrooms

415 Days on market

PTP2301226 MLS ID

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About 850 Olive Avenue multi-family property

Rarely available and fully turnkey four-plex apartment building just three blocks to the beach in the heart of Coronado's charming Village! The list of upgrades on this revenue generating asset is too long to list but some of the many upgrades include: new luxury vinyl flooring with wide plank white oak finish throughout, all units feature upgraded kitchens and bathrooms, AC, and laundry. Two lower units feature spacious patios for grilling or hanging out with friends and enjoying Coronado's temperate climate. Upstairs units feature views of the surrounding neighborhood and increased privacy. All units come fully furnished with in-place rental income expected to exceed $196,000 over the next 12 months. Tenants enjoy secure bike parking, and three off-street covered parking spots.
Rarely available and fully turnkey four-plex apartment building just three blocks to the beach in the heart of Coronado's charming Village! The list of upgrades on this revenue generating asset is too long to list but some of the many upgrades include: new luxury vinyl flooring with wide plank white oak finish throughout, all units feature upgraded kitchens and bathrooms, AC, and laundry. Two lower units feature spacious patios for grilling or hanging out with friends and enjoying Coronado's temperate climate. Upstairs units feature views of the surrounding neighborhood and increased privacy. All units come fully furnished with in-place rental income expected to exceed $196,000 over the next 12 months. Tenants enjoy secure bike parking, and three off-street covered parking spots.

Property details

Bathrooms

4 full bathrooms

4 total bathrooms

2 bathrooms on main level

Bedrooms

4 total bedrooms

2 bedrooms on main level

Building

2 total stories

Stories: 2

2,388 sqft living area

Patio Home

2+ Common Walls

Two

Community

4 units in community

Biking

Curbs

Dog Park

Fishing

Golf

Gutter(s)

Park

Storm Drain(s)

Street Lights

Suburban

Sidewalks

Water Sports

Cooling

Electric

Heating

No heating

Laundry

Laundry Closet

Listing

Listing ID: PTP2301226

Property Subtype: Quadruplex

135 days on market

Listed on 2023-03-14

Location

County: San Diego

Lot

2980 sqft

0.0684 acres

Area: 2980

Parking

Carport

3 carport spaces

3 total parking spaces

Property

Property attached

City Lights

Neighborhood

Ocean

Schools

High School District: Coronado Unified

Sewer

Public Sewer

Monthly cost

Estimated monthly cost

$21,348/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$3,149,000

+$100,500

$3,249,500

Seller agent commission$100,500 (3%)*

$0 (0%)

Buyer agent commission$100,500 (3%)*

$100,500 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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Unreal Estate checked: May 2, 2024 at 4:52 p.m.

Data updated: Jul 27, 2023 at 6:05 p.m.

Property listed by Coldwell Banker West, James Nelson
Based on information from California Regional Multiple Listing Service, Inc. as of 07/27/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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