Dino Morabito
BetterHomes&Gardens-Napolitano
(858) 223-7298
70 Total Sales
50 in Coronado
$1.3M - $9.5M Price Range
904 7th St Coronado, CA 92118
Coronado Area
7
Beds
6
Baths
--
Sq Ft
--
Built
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
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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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 13, 2023
Closed on
Apr 10, 2023
Sold by
Bought by
Seller's Agent
Kenneth Pecus
EXp Realty of California, Inc
Buyer's Agent
Brian McMorrow
P.S. Capital and Real Estate
List Price
$3,195,000
Sold Price
$3,250,000
Premium/Discount to List
$55,000
1.72%
Purchase Details
Closed on
Aug 3, 2022
Sold by
Bought by
Purchase Details
Closed on
Dec 16, 2020
Sold by
Bought by
Purchase Details
Closed on
Feb 13, 2017
Sold by
Bought by
Purchase Details
Closed on
Mar 13, 1995
Sold by
Bought by
Purchase Details
Closed on
Mar 10, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Coronado, CA
-
Dino Morabito
-
Teresa Gorman
Teresa Gorman
Fiduciary Real Estate Services
(949) 569-5182
74 Total Sales
2 in Coronado
$795,000 Price Range
-
Patricio Lavalle
Patricio Lavalle
Compass
(858) 633-5921
7 Total Sales
8 in Coronado
$990K - $5.5M Price Range
-
Carol Stanford
Carol Stanford
EXp Realty of California, Inc
(619) 329-8273
14 Total Sales
1 in Coronado
$2,050,000 Price
-
Marc Lotzof
Marc Lotzof
Compass
(858) 289-0387
107 Total Sales
1 in Coronado
$11,466,667 Price
-
Arturo Soler
Arturo Soler
Mr Agent RE
(619) 830-3205
12 Total Sales
1 in Coronado
$1,995,000 Price
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,250,000 | Fidelity National Title | ||
| -- | Lawyer In Blue Jeans Group | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- |
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 |
|---|---|---|---|---|
| 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
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 |
|---|---|---|---|---|
| 2026 | $38,730 | $3,448,925 | $2,971,382 | $477,543 |
| 2025 | $38,730 | $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
Seller's Agent in 2023
Kenneth Pecus
EXp Realty of California, Inc
(619) 977-8419
172 Total Sales
-
Brian McMorrow
B
Buyer's Agent in 2023
Brian McMorrow
P.S. Capital and Real Estate
(408) 298-2591
18 Total Sales
-
Bradley McMorrow
B
Buyer's Agent in 2023
Bradley McMorrow
P.S. Capital and Real Estate
(916) 209-8775
8 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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