Kay Merg
RE/MAX Connections
(858) 905-5706
52 Total Sales
1 in Coronado
$2,251,000 Price
1001 11 3rd St Coronado, CA 92118
Coronado Area
5
Beds
5
Baths
2,663
Sq Ft
7,070
Sq Ft Lot
Highlights
- Corner Lot
- No HOA
- Laundry Facilities
- Coronado Village Elementary Rated A
- Landscaped
- 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
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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
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Coronado, CA
-
Kay Merg
-
Luis Carranza
Luis Carranza
Casas Advisors
(619) 745-6794
24 Total Sales
5 in Coronado
$660K - $17.3M Price Range
-
Jim Field
Jim Field
Century 21 Affiliated
(858) 408-6440
71 Total Sales
1 in Coronado
$995,000 Price
-
Diane Sullivan
Diane Sullivan
Diane Sullivan Realty
(858) 289-5940
59 Total Sales
1 in Coronado
$2,725,000 Price
-
Horace Chavez
Horace Chavez
Premier Agency Real Estate Inc
(619) 257-2598
11 Total Sales
1 in Coronado
$3,500,000 Price
-
Paulette Fennello
Paulette Fennello
Berkshire Hathaway HomeService
(858) 289-5856
12 Total Sales
2 in Coronado
$2.8M - $4.6M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Pacific Coast Title Company | ||
| Daly Lynn H | -- | Pacific Coast Title Company | |
| Hakes Robert H | -- | Pacific Coast Title Company | |
| Concap Ca Llc | $3,000,000 | Pacific Coast Title Company | |
| Hakes Ledyard B | -- | Pacific Coast Title Company | |
| Hakes Steve Corrigan | -- | None Listed On Document | |
| Hakes Steven C | -- | Worden Williams Llp | |
| Hakes Steven C | -- | Accommodation | |
| Hakes L B | -- | None Available | |
| Hakes Steven C | -- | None Available | |
| Daly Lynn H | -- | -- | |
| Hakes Steven C | -- | -- | |
| Hakes Ledyard B | -- | -- | |
| Hakes Robert H | -- | -- | |
| Dowell Gayle E | -- | -- | |
| Hakes Steven C | -- | -- | |
| Daly Lynn H | -- | -- | |
| Hakes Robert H | -- | -- | |
| Dowell Gayle E | -- | -- | |
| Hakes Ledyard B | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $2,925,000 | ||
| Closed | Concap Ca Llc | $1,000,000 | |
| Closed | Concap Ca Llc | $1,249,999 | |
| Previous Owner | Hakes Ledyard B | $40,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $34,432 | $3,121,197 | $2,705,040 | $416,157 |
| 2025 | $34,432 | $3,059,998 | $2,652,000 | $407,998 |
| 2024 | $33,663 | $2,999,999 | $2,600,000 | $399,999 |
| 2023 | $7,774 | $530,252 | $414,508 | $115,744 |
| 2022 | $6,216 | $382,319 | $278,786 | $103,533 |
| 2021 | $6,154 | $374,823 | $273,320 | $101,503 |
| 2020 | $6,039 | $370,981 | $270,518 | $100,463 |
| 2019 | $6,026 | $363,708 | $265,214 | $98,494 |
| 2018 | $5,957 | $356,577 | $260,014 | $96,563 |
| 2017 | $5,754 | $349,586 | $254,916 | $94,670 |
| 2016 | $5,501 | $342,732 | $249,918 | $92,814 |
| 2015 | $5,312 | $337,584 | $246,164 | $91,420 |
| 2014 | $5,073 | $330,972 | $241,342 | $89,630 |
Source: Public Records
Agents Affiliated with this Home
-
Maryann Augustine
Seller's Agent in 2023
Maryann Augustine
Frontline Realty Group
(619) 838-7725
93 Total Sales
-
Christoffer Groves
CG
Buyer's Agent in 2023
Christoffer Groves
Groves Capital, Inc.
(619) 519-4453
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PTP2301509
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. 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
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