NOT LISTED FOR SALE

737 - 739 1/2 D Ave Coronado, CA 92118

6 Beds
3 Baths
2,062 Sq Ft
1944 Built

Last Sold June 17, 2020

Last sale price $1,550,000 $752 Per Sq Ft

90 Days on Market

Highlights

  • Partially Fenced Property
  • Level Lot
  • 3-minute walk to Spreckels Park
  • Coronado Village Elementary Rated A
  • West of 5 Freeway

About This Home

As of June 2020

Literally in the HEART of Coronado, this 3 unit property has MUCH to offer! The front cottage speaks of Americana and has spacious living room, dining area & 2 bedrooms. The rear building consists of lower & upper 2 bedroom/1 bathroom units each with remodeled kitchens and light/bright spaces. The Coronado Public Library, Spreckels Center & Lawn Bowling Green facility, police station and the Coronado Summer Concert Series at Spreckels Park are all just steps away! Beach going & local amenities abound!! It is a very rare offering to find THREE bread and butter, ALL 2 bedroom units in this PRIME Coronado location! Residents adore the convenience of the quintessential village lifestyle not to mention the quick access to the world class Coronado beach, Hotel Del Coronado, Coronado Rec Center, Lamb's Player's Theatre and so many fabulous yet quaint shops and restaurants! Newer dual pane windows in rear 2 units and on site shared laundry room! Family compound? Live in one and rent out the others with 2 helper units' income? Investor? Own a piece of the island lifestyle AND receive rental income - nice!

Last Agent to Sell the Property

Scot Gentry

Coldwell Banker West License #01444919 Listed on: 01/31/2020

Coldwell Banker West

Last Buyer's Agent

Evan Piritz

Salas Properties License #02022374

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 3,429 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof

Schools

  • Coronado Unified School District Elementary And Middle School
  • Coronado Unified School District High School

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter

Additional Features

  • 2-Story Property
  • West of 5 Freeway

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 537-082-07-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $47,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: 8th Street
  • Neighborhood: Coronado Beach South Island
  • Supplement: It is a very rare offering to find THREE bread and butter, ALL 2 bedroom units in this PRIME Coronado location! Residents adore the convenience of the quintessential village lifestyle not to mention the quick access to the world class Coronado beach, Hotel Del Coronado, Coronado Rec Center, Lamb's Player's Theatre and so many fabulous yet quaint shops and restaurants! Newer dual pane windows in rear 2 units and on site shared laundry room! Family compound? Live in one and rent out the others with 2 helper units' income? Investor? Own a piece of the island lifestyle AND receive rental income - nice!
  • LP / Sq Ft: 28.89
  • Stories: 2 Story
  • Sale Price List Price: 0.97
  • Total Stories: 2
  • Year Built: 1944
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U3: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: CORONADO VILLAGE

Schools

  • School District URL: http://www.coronado.k12.ca.us/
  • Elementary School: Coronado Unified School District
  • Elementary School Website: http://www.coronado.k12.ca.us/
  • High School: Coronado Unified School District
  • Middle School Url: http://www.coronado.k12.ca.us/
  • Middle School: Coronado Unified School District

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Assessor Parcel Number: 537-082-07-00
  • Estimated Lot Sq Ft: 3429

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 47600
  • Annual Expense Actual: 25000
  • Annual Expense Projected: 30000
  • Gross Rent Multiplier Actual: 21.97
  • Gross Rent Multiplier Projected: 18.72
  • Gross Sched Income Actual: 72600
  • Gross Sched Income Projected: 85200
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2020 06/17/20 Sold $1,550,000 -2.8% $752 / Sq Ft
05/01/2020 05/01/20 Pending -- -- --
04/10/2020 04/10/20 Price Changed $1,595,000 0.0% $774 / Sq Ft
04/10/2020 04/10/20 For Sale $1,595,000 -5.9% $774 / Sq Ft
03/11/2020 03/11/20 Pending -- -- --
02/26/2020 02/26/20 For Sale $1,695,000 0.0% $822 / Sq Ft
02/20/2020 02/20/20 Pending -- -- --
01/31/2020 01/31/20 For Sale $1,695,000 -- $822 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200005052

San Diego MLS