Seller's Agent in 2023
Maryann Augustine
Frontline Realty Group
(619) 838-7725
2 in this area
104 Total Sales
1001 11 3rd St Coronado, CA 92118
5
Beds
5
Baths
2,663
Sq Ft
7,070
Sq Ft Lot
Highlights
- Corner Lot
- No HOA
- Landscaped
- Coronado Village Elementary Rated A
- Laundry Room
- No Heating
About This Home
As of October 2023Rare 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 420’sf 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. Don’t 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
Last Agent to Sell the Property
Frontline Realty Group License #01224089 Listed on: 04/01/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1937
Lot Details
- 7,070 Sq Ft Lot
- Lot Dimensions are 50x140
- Two or More Common Walls
- Landscaped
- Corner Lot
- Sprinkler System
Parking
- 1 Open Parking Space
- 4 Car Garage
Home Design
- Property Attached
- Entry on the 1st floor
- Composition Roof
Interior Spaces
- 2,663 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Utilities
- No Heating
Listing and Financial Details
- Tax Lot 153/39,40
- Tax Tract Number 376
- Assessor Parcel Number 5361521000
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 5 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $5,017
- Gardener Expense $1,560
- Insurance Expense $2,827
- Maintenance Expense $10,555
- Pest Control $1,138
- Professional Management Expense $9,702
- Trash Expense $1,200
- Water Sewer Expense $8,823
- New Taxes Expense $38,486
- Operating Expense $79,308
- Gross Income $166,740
- Net Operating Income $120,877
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/06/2023 10/06/23 | Sold | $2,999,900 | -13.0% | $1,127 / Sq Ft |
| 08/26/2023 08/26/23 | Pending | -- | -- | -- |
| 04/28/2023 04/28/23 | Price Changed | $3,450,000 | -13.7% | $1,296 / Sq Ft |
| 04/01/2023 04/01/23 | For Sale | $3,999,900 | -- | $1,502 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Maryann Augustine
-
Christoffer Groves
C
Buyer's Agent in 2023
Christoffer Groves
Groves Capital, Inc.
(619) 519-4453
1 in this area
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PTP2301509
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