Seller's Agent in 2020
Thomas McCartin
Marcus & Millichap
(858) 362-9376
29 Total Sales
814 4th St Coronado, CA 92118
3
Beds
3
Baths
4,818
Sq Ft
--
Built
About This Home
As of August 2020Take a look at this extremely rare investment opportunity located in the highly sought after and rarely traded city of Coronado, CA. Available are Ten Garden Style Apartment Units that have been well maintained by long term ownership. Two of the 10 units have been recently renovated. This is an excellent opportunity for a savvy investor to Renovate the remaining units while bringing the rents up to market and achieving close to a 5% Cap Rate. Nearby Renovated Units are achieving rents 40% Higher than The Subject Property. The Property has 2 Structures on a .16 ACRE Lot. The Pitched Roofs were replaced in the mid 2000’s and the Seller believes that they were 35 Year Shingles.
Last Agent to Sell the Property
Marcus & Millichap License #01427348 Listed on: 03/13/2020
Property Details
Home Type
- Multi-Family
Parking
- 10 Parking Spaces
Home Design
Interior Spaces
- 3 Bedrooms
- 4,818 Sq Ft Home
- 2-Story Property
Additional Homes
- Number of ADU Units: 2
Listing and Financial Details
- Total Actual Rent $11,750
Community Details
Overview
- 2 Buildings
- 10 Units
Building Details
- 10 Leased Units
- Operating Expense $71,348
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/14/2020 08/14/20 | Sold | $3,000,000 | -17.8% | $623 / Sq Ft |
| 07/20/2020 07/20/20 | Pending | -- | -- | -- |
| 03/13/2020 03/13/20 | For Sale | $3,650,000 | -- | $758 / Sq Ft |
Source: San Diego MLS
Tax History
| 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 | $39,442 | $3,352,125 | $2,164,864 | $1,187,261 |
| 2024 | $39,442 | $3,266,398 | $2,122,416 | $1,143,982 |
| 2023 | $38,874 | $3,202,351 | $2,080,800 | $1,121,551 |
| 2022 | $38,213 | $3,139,560 | $2,040,000 | $1,099,560 |
| 2021 | $37,496 | $3,058,000 | $2,000,000 | $1,058,000 |
| 2020 | $7,450 | $219,661 | $85,115 | $134,546 |
| 2019 | $7,442 | $215,355 | $83,447 | $131,908 |
| 2018 | $7,401 | $211,133 | $81,811 | $129,322 |
| 2017 | $7,032 | $206,994 | $80,207 | $126,787 |
| 2016 | $6,630 | $202,936 | $78,635 | $124,301 |
| 2015 | $6,273 | $199,888 | $77,454 | $122,434 |
| 2014 | $5,847 | $195,973 | $75,937 | $120,036 |
Source: Public Records
Agents Affiliated with this Home
-
Thomas McCartin
Map
Source: San Diego MLS
MLS Number: 200012760
APN: 536-293-19-00
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