NOT LISTED FOR SALE

845 G Ave Coronado, CA 92118

Estimated Value: $3,662,000 - $3,866,000

11 Beds
6 Baths
6,916 Sq Ft
$549/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $3,520,000 $509 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $22,428/month

3 Days on Market

Highlights

  • Laundry Room
  • Bike Trail
  • Radiant Heating System
  • Coronado Village Elementary Rated A

About This Home

As of September 2021

The Apartments on G presents a rare opportunity for value-add investors to purchase a property with incredible upside in the heart of Coronado Island where residential supply is limited. This six unit property was built in 1966 and boasts a majority of large two bedroom units. With the ability to renovate units and bring rents to the top of the market, an astute investor will look to take advantage of this opportunity.

Last Agent to Sell the Property

Chris Pettit

Skyline Commercial Real Estate License #01983950 Listed on: 07/22/2021

Last Buyer's Agent

Janice Clements

Compass License #01120956

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 7,014 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • 6,916 Sq Ft Home
  • Property Attached

Kitchen

  • Electric Oven
  • Electric Range

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Laundry Room
  • Radiant Heating System

Listing and Financial Details

  • Tax Lot 26,2
  • Tax Tract Number 376
  • Assessor Parcel Number 5372310800

Community Details

Overview

  • 6 Units
  • Coronado Village Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Water Sports
  • Bike Trail

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,437
  • Gardener Expense $960
  • Insurance Expense $2,766
  • Maintenance Expense $4,200
  • Trash Expense $1,388
  • Water Sewer Expense $3,172
  • New Taxes Expense $36,243
  • Operating Expense $54,936
  • Gross Income $138,013
  • Net Operating Income $83,077

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • CapRate: 2.38
  • Property Attached: Yes
  • Subdivision Name Other: Coronado Village
  • Water Sewer Expenses: 3172.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5372310800
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 508.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range
  • Heating Type: Radiant
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1388.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Watersports, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7014.00
  • Lot Size Acres: 0.1610

Multi Family

  • Electric Expense: 1437.00
  • Gross Income: 138013.00
  • Gross Multiplier: 23.58
  • Gross Operating Income: 138013.00
  • Gross Scheduled Income: 141540.00
  • Insurance Expense: 2766.00
  • Laundry Income: 720.00
  • Lot Size Area: 7014.0000 Square Feet
  • Maintenance Expense: 4200.00
  • Net Operating Income: 83077.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 54936.00
  • Rent Control: No
  • Total Actual Rent: 11795.00
  • Total Expenses: 54936.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 36243.00
  • Tax Lot: 26,2
  • Tax Tract Number: 376

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2025
Sold by
845G Llc
Bought by
Asap Revocable Trust and Smith
Current Estimated Value
$3,793,451

Purchase Details

Closed on
Sep 12, 2025
Sold by
845G Llc
Bought by
847 G Avenue Real Estate Trust and Borkum

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,486,000
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2021
Sold by
Shandavi Llc
Bought by
845G Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,250,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 24, 2015
Sold by
Shandavi Llc
Bought by
Shandavi Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 28, 1999
Sold by
Rogers Terry
Bought by
Shandavi Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.05%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Asap Revocable Trust $3,850,000 Fidelity National Title Builde
847 G Avenue Real Estate Trust $3,825,000 Fidelity National Title Builde
845G Llc $3,520,000 Ticor Title Natl Com Svcs
Shandavi Llc -- Fidelity National Title
Shandavi Llc $799,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 847 G Avenue Real Estate Trust $2,486,000
Previous Owner 845G Llc $2,250,000
Previous Owner Shandavi Llc $750,000
Previous Owner Shandavi Llc $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $3,520,000 +0.7% $509 / Sq Ft
07/25/2021 07/25/21 Pending -- -- --
07/22/2021 07/22/21 For Sale $3,495,000 -- $505 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $33,450 $2,913,120 $2,913,120 --
2024 $32,706 $2,913,120 $2,913,120 --
2023 $32,205 $3,520,000 $2,800,000 $720,000
2022 $40,149 $3,520,000 $2,800,000 $720,000
2021 $15,153 $1,139,827 $658,988 $480,839
2020 $14,803 $1,128,140 $652,231 $475,909
2019 $14,763 $1,106,021 $639,443 $466,578
2018 $14,556 $1,084,335 $626,905 $457,430
2017 $14,168 $1,063,074 $614,613 $448,461
2016 $13,636 $1,042,230 $602,562 $439,668
2015 $13,288 $1,026,575 $593,511 $433,064
2014 -- $1,006,466 $581,885 $424,581
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21155709

California Regional Multiple Listing Service (CRMLS)

APN: 537-231-08