Coronado, CA 92118,248 Orange Ave
Coronado, CA 92118,248 Orange Ave
Coronado, CA 92118,248 Orange Ave
Coronado, CA 92118,248 Orange Ave
Coronado, CA 92118,248 Orange Ave
Coronado, CA 92118,248 Orange Ave
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$ 3,298,999
Est. payment | /mo

$ 3,298,999
Est. payment | /mo

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Coronado Village

MLS Listing ID 240016295SD

HOA Y/N No

Year Built 1984

Property Description

ORANGE AVE. MULTI-UNIT This well-maintained 4-unit apartment building is an incredible investment opportunity with significant potential for increased rental income. Current rents are below market value, and all tenants are on a month-to-month basis, providing flexibility for future adjustments. Shows as a 3 unit on tax roll, currently one of the townhouses was reconfigured to be a 2/1 bath and a studio on ground floor with direct garage access. New owner has the option to keep unit as is or return back into a Townhouse configuration. All, but one unit has renovated. Recent updates enhance the property's appeal, including all-new windows installed just a year ago and four brand-new garage doors with openers added just last month. **Apartment A (Studio):** - Bathroom has been completely redone - New vinyl flooring throughout - Updated kitchen with new cabinets and quartz countertops **Apartment B:** - New hot water heater installed just one year ago - Upgraded kitchen featuring new quartz countertops and brand-new appliances - New luxury vinyl plank (LVP) wood floors throughout **Apartment C:** - Fully renovated from top to bottom - Elegant bathroom with a tub and shower surrounded by marble tiles - New washer and dryer included - Modern kitchen with new cabinets, black honed granite countertops, and a stunning tile backsplash running up the entire wall This property is a rare find, offering immediate upside potential for the right investor. Don't miss out on this excellent opportunity!

Location

State CA

County San Diego

Area 92118 - Coronado

Interior

Heating Electric, None

Cooling None

Fireplace No

Appliance Electric Water Heater

Exterior

Fence None

Pool None

View Y/N Yes

View None

Roof Type Composition

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 5361521300

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

California Regional MLS (CRMLS)
Listed by Shirley Tajedini • Coldwell Banker Realty
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232 W Olive Ave #20, la Habra, California, 90631, USA

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248 Orange Ave