NOT LISTED FOR SALE

751 Orange Ave Coronado, CA 92118

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

Sale Details

Date Sold: January 25, 2023

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

24 Days on Market

Highlights

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

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

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 in unit

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

3,500 Sq Ft Lot

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

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
2025 $29,393 $2,703,000 $2,448,000 $255,000
2024 $29,393 $2,703,000 $2,448,000 $255,000
2023 $24,654 $2,244,000 $2,040,000 $204,000
2022 $24,192 $2,200,000 $2,000,000 $200,000
2021 $14,531 $1,276,435 $928,318 $348,117
2020 $14,140 $1,263,348 $918,800 $344,548
2019 $14,094 $1,238,578 $900,785 $337,793
2018 $13,863 $1,214,293 $883,123 $331,170
2017 $13,586 $1,190,484 $865,807 $324,677
2016 $13,148 $1,167,142 $848,831 $318,311
2015 $12,913 $1,149,611 $836,081 $313,530
2014 $12,572 $1,127,093 $819,704 $307,389
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2206606

California Regional Multiple Listing Service (CRMLS)

APN: 537-091-08-00

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