Description

It is a distinct honor to present for sale for the first time in approximately 30 years, 736-46 E Avenue in Coronado, CA, an exceptionally well-located six (6) unit multifamily property, within one block from Coronado High School, walking distance to Spreckels Park, many shops and restaurants, and stunning wide sandy beaches. The unit mix consists of: Two (2) 2-bedroom/2-bathroom units; and Four (4) 3-bedroom/2-bathroom units, with a generous average unit size of around 1,081 SF (across all units). There are five surface off-street parking spaces, as well as a laundry room (with leased equipment) on site. Boasting pitched (hip) composition shingle roofs across both two-story buildings, the front building was erected upon an elevated foundation, while the rear building is on a concrete on grade (slab) foundation. Some windows have been replaced with dual-pane/vinyl frame versions, and select units have private patios/balconies. Each unit has its own water heater, and all units are separately metered for gas and electricity, for added economic efficiency. Several units have been updated with vinyl plank flooring and ceiling fan/light fixtures, among other upgrades. Phenomenal opportunity to acquire a rare 6-unit property in one of the most coveted premium/coastal sub-markets of San Diego County, with highly rated schools and very low crime, among other very desirable demographic data points. Unique opportunity to add value and bring this great property to a whole other level.