Seller's Agent in 2023
Kenneth Pecus
eXp Realty of California, Inc
(619) 977-8419
15 in this area
186 Total Sales
904 7th St Coronado, CA 92118
7
Beds
6
Baths
--
Sq Ft
--
Built
Highlights
- Garage
- Coronado Village Elementary Rated A
- 4-minute walk to Spreckels Park
About This Home
As of April 2023Steeped longtime in a Coronado family tradition, introducing a RARE 6-unit plus 2 garages offering in the Village. This property has been a solid investment hold for decades, but now it is time to transition to new owners and begin a revival. The property is ideally located steps to the schools, parks, houses of worship and Mainstreet Coronado. What's most important is that due to current zoning laws, you could not build this property today with this same lot size. It is an ideal maximization of the land versus structures built, so that the cash return on investment has exceptional potential. The current tenancy is very solid with excellent history. The units themselves are standard "bread and butter" and in need of some tender rehab. There is tremendous upside over the long term and it is quite possibly one of the best opportunities in years to own multi-unit rental property on the island.
Last Agent to Sell the Property
eXp Realty of California, Inc License #01056969 Listed on: 03/13/2023
Property Details
Home Type
- Multi-Family
Parking
- Garage
Home Design
- Composition Roof
- Stucco
Interior Spaces
- 7 Bedrooms
- 2-Story Property
Additional Homes
- Number of ADU Units: 1
Listing and Financial Details
- Total Actual Rent $12,094
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- 6 Leased Units
- Operating Expense $53,742
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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 |
|---|---|---|---|---|
| 04/13/2023 04/13/23 | Sold | $3,250,000 | +1.7% | -- |
| 03/22/2023 03/22/23 | Pending | -- | -- | -- |
| 03/13/2023 03/13/23 | For Sale | $3,195,000 | 0.0% | -- |
| 07/24/2012 07/24/12 | Rented | $1,700 | 0.0% | -- |
| 07/24/2012 07/24/12 | For Rent | $1,700 | -- | -- |
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 | $37,880 | $3,381,300 | $2,913,120 | $468,180 |
| 2024 | $37,880 | $3,315,000 | $2,856,000 | $459,000 |
| 2023 | $4,966 | $173,242 | $69,201 | $104,041 |
| 2022 | $4,928 | $173,242 | $69,201 | $104,041 |
| 2021 | $4,900 | $169,846 | $67,845 | $102,001 |
| 2020 | $4,848 | $168,106 | $67,150 | $100,956 |
| 2019 | $4,842 | $164,811 | $65,834 | $98,977 |
| 2018 | $4,810 | $161,581 | $64,544 | $97,037 |
| 2017 | $4,583 | $158,414 | $63,279 | $95,135 |
| 2016 | $4,331 | $155,309 | $62,039 | $93,270 |
| 2015 | $4,112 | $152,977 | $61,108 | $91,869 |
| 2014 | $3,849 | $149,981 | $59,911 | $90,070 |
Source: Public Records
Agents Affiliated with this Home
-
Kenneth Pecus
-
Brian McMorrow
B
Buyer's Agent in 2023
Brian McMorrow
P.S. Capital and Real Estate
(408) 298-2591
1 in this area
17 Total Sales
-
Bradley McMorrow
B
Buyer's Agent in 2023
Bradley McMorrow
P.S. Capital and Real Estate
(916) 209-8775
1 in this area
4 Total Sales
-
S
Seller's Agent in 2012
Shannon Herlihy
Los Angeles Times
Map
Source: San Diego MLS
MLS Number: 230004688
APN: 537-081-01-00
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