NOT LISTED FOR SALE

751 Orange Ave Coronado, CA 92118

4 Beds
2 Baths
1,600 Sq Ft
3,500 Sq Ft Lot

Last Sold January 25, 2023

Last sale price $2,650,000 $1,656 Per Sq Ft

24 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 3-minute walk to Spreckels Park
  • Coronado Village Elementary Rated A
  • No Heating

About This Home

As of January 2023

R4 zoned Orange Avenue location ready for redevelopment! 751-753 Orange is a 25x140 parcel zoned for 3 new condos and is directly adjacent to separately listed 741 Orange Ave. This opportunity provides an interested developer in obtaining 100' of Orange Ave R4 zoned real estate and a chance to build up to 12 BRAND NEW luxury condos in the heart of Coronado! Located just steps from Spreckles Park, and only 3 blocks to the world famous Hotel Del Coronado and the white sands of Coronado's award winning beaches. Existing structure is designated NON-historic and is a duplex. Each unit is a 2BR / 1BA with a common laundry and a garage at the rear of the property.

Last Agent to Sell the Property

James Nelson

Coldwell Banker West License #01852936 Listed on: 10/07/2022

Coldwell Banker West

Last Buyer's Agent

James Nelson

Coldwell Banker West License #01852936 Listed on: 10/07/2022

Coldwell Banker West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 3,500 Sq Ft Lot
  • Lot Dimensions are 25x140
  • 1 Common Wall
  • Density is 36-40 Units/Acre

Parking

  • 1 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,600 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Additional Features

  • Urban Location
  • No Heating

Listing and Financial Details

  • Tax Lot 02002
  • Tax Tract Number 109
  • Assessor Parcel Number 5370910800

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $30,475
  • Operating Expense $35,000
  • Gross Income $72,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 1.70
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: R4 - 1unit / 1,090sf
  • Property Type: Residential Income
  • Parcel Number: 5370910800
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 1656.25

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 1.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size: 25x140
  • Lot Size Sq Ft: 3500.00
  • Lot Size Acres: 0.0803

Multi Family

  • Average2 Bed Area: 800
  • Gross Income: 72000.00
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 3500.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 32400.00
  • Rent Control: Yes
  • Total Expenses: 35000.00

Tax Info

  • New Taxes Expense: 30475.00
  • Tax Lot: 02002
  • Tax Tract Number: 109/2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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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
01/25/2023 01/25/23 Sold $2,650,000 0.0% $1,656 / Sq Ft
10/31/2022 10/31/22 Pending -- -- --
10/07/2022 10/07/22 For Sale $2,650,000 0.0% $1,656 / Sq Ft
05/10/2013 05/10/13 Rented $1,900 0.0% --
05/10/2013 05/10/13 For Rent $1,900 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • James Nelson

    Seller's Agent in 2023

    James Nelson

    Coldwell Banker West

    (619) 713-4271

    34 in this area

    132 Total Sales

    James Nelson
    Section Image

  • S

    Seller's Agent in 2013

    Shannon Herlihy

    Los Angeles Times

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2206606

California Regional Multiple Listing Service (CRMLS)

APN: 537-091-08-00

California San Diego County Coronado 92118

751 Orange Ave, Coronado, CA

Not Listed for Sale

MultiFamily

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