1001-11 3rd St, Coronado, CA 92118
- $2,999,900
- 5
- BD
- 4
- BA
- Sold Price
- $2,999,900
- List Price
- $3,450,000
- Closing Date
- Oct 06, 2023
- Days on Market
- 191
- Status
- CLOSED
- MLS#
- PTP2301509
- Bedrooms
- 5
- Bathrooms
- 4
- Lot Size(apprx.)
- 7,070
- City
- Coronado
- Neighborhood
- Coronado
- Property Type
- Multifamily
Property Description
Rare opportunity to own a legacy piece of property in the famous & stunning Isle of Coronado with its white sandy beaches. This fabulous property built in 1937 is only 2.5 blocks to the water and has amazing walkability to all restaurants, bars, shops, and the Ferry to downtown San Diego & Petco Park. 4 units with 4 garages, corner 7,070 sf lot with rare R-3 zoning. Unit mix - three 1 BR / 1 BA units in a single level triplex with 9 ceilings. 4th unit is a 2 BR / 1 BA situated over 4 one car garages 2 converted to 420sf of office space w/full bath. Unit shown in pictures is the front 1/1 is renovated, furnished as a monthly vacation rental - 30+ days. Call listing agent for income/expenses/proforma. Options! Live in the property, increase current rents and/or develop the property and build 4 luxury homes that could be sold individually. Dont miss your opportunity to own this property, first time on the market in decades. Do not disturb tenants. Buyer to verify development feasibility and all building requirements with the City of Coronado Rare opportunity to own a legacy piece of property in the famous & stunning Isle of Coronado with its white sandy beaches. This fabulous property built in 1937 is only 2.5 blocks to the water and has amazing walkability to all restaurants, bars, shops, and the Ferry to downtown San Diego & Petco Park. 4 units with 4 garages, corner 7,070 sf lot with rare R-3 zoning. Unit mix - three 1 BR / 1 BA units in a single level triplex with 9 ceilings. 4th unit is a 2 BR / 1 BA situated over 4 one car garages 2 converted to 420sf of office space w/full bath. Unit shown in pictures is the front 1/1 is renovated, furnished as a monthly vacation rental - 30+ days. Call listing agent for income/expenses/proforma. Options! Live in the property, increase current rents and/or develop the property and build 4 luxury homes that could be sold individually. Dont miss your opportunity to own this property, first time on the market in decades. Do not disturb tenants. Buyer to verify development feasibility and all building requirements with the City of Coronado
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Additional Information
- Lot Size
- 7,070
- Neighborhood
- Coronado
- Roof
- Composition
Mortgage Calculator
Listing courtesy of Listing Agent: Maryann Augustine (619-838-7725) from Listing Office: Frontline Realty Group.
Selling Office: Groves Capital, Inc..
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