Movoto Real Estate
Sold on 03/29/2024
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750 E Ave, Coronado, CA 92118

$5,600,000

Last sold 03/29/2024 after 422 Days

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    bed

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    bath

Multi-family not for sale

About 750 E Ave

Property type Multi-family
Neighborhood
Year built 1970
HOA fee $0/month
Lot size 7,000 Sqft
Parking 4 garage spaces
Rental estimate
Property description
Exceedingly rare opportunity to acquire a distinctive property just four blocks from the pristine Coronado Center Beach! This meticulously remodeled estate comprises a luxurious 4BR, 2.5BA main residence adorned with designer fixtures and finishes and three legal 1BR/1BA rentals nestled behind. The main house boasts an expansive front yard and a wrap-around porch, offering ample outdoor space for hosting summer soirees with a touch of sophistication. Luxuriate in the allure of a first-floor master suite, a captivating wood-burning fireplace in the living room, and an inviting front porch that sets the tone for coastal elegance. Ideal for the discerning owner occupant, envision a year-round residence in coveted Coronado or maintain a pied-à-terre while enjoying income from the rental units behind. The allure is completed by four single-car garages, ensuring both convenience and exclusivity. Each of the additional 1BR/1BA units, separately metered for efficiency, presents an excellent income stream or a haven for hosting guests or family. With mini-splits and in-unit laundry enhancing each dwelling, these residences are ready for move-in. Revel in large private patios on the ground level and secluded decks above, showcasing the ideal outdoor living. This property, zoned R-3, not only stands as an excellent investment but also holds the promise of future development opportunities. Rarely does an opportunity of such distinction and versatility emerge—truly, a treasure trove for the astute investor seeking both immediate returns and long-term potential. Embrace this ready-for-move- in masterpiece and unlock the doors to a lifestyle where luxury meets investment prowess.
Listed by
Listing Agent - James Nelson
Listing Agent Contact: Nelsonriddle@cbwhomes.com
Listing Office - Coldwell Banker West
Source: CRMLS mls logo
MLS#PTP2400614 • last updated 2 years ago
Movoto checked CRMLS for data 1 minute ago
Overview
Type Residential Income
Virtual Tour N/A
Status Closed
Lot Size (Acres) 0.1607
Lot Size (SqFt) 7000
Year Built 1970
Interior
Exterior
Building Area Square Feet, 4376
# Uncovered Spaces 2
# Parking Spaces 6
# Garage Spaces 4
Lot Description Front Yard, Landscaped, Lawn, Level With Street, Rectangular Lot, Level, Near Public Transit, Park Nearby, Yard
Amenities / Utilities
Water Source Public
Inclusions All Appliances In Both Buildings
Pool None
Location
County San Diego
Community Features Curbs, Golf, Gutters, Sidewalks, Storm Drains, Street Lights, Biking, Dog Park, Park, Watersports
Neighborhood Coronado Village
Zoning R3
Directions Map App
APN 5370722000
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 10296
Expense: Trash 900
Operating Expense 101871
Cap Rate 3.85
Expense: Insurance 4000
Total Expenses 101817
Expense: Water/ Sewer 1500
Gross Income 343200
Gross Operating Income 332904
Gross Multiplier 17.4
Gross Scheduled Income 343200
We are not permitted to show value estimates for this property.
  • Apr 2024
    mls logo MLS # PTP2400614
  • Apr 2, 2024 Sold
    $5,600,000 (-6.6%)
  • Mar 14, 2024 Pending
    —
  • Feb 1, 2023 Listed
    $5,995,000 (+41.1%)
  • Oct 2023
    mls logo MLS # PTP2305516
  • Oct 24, 2023 Listed
    $5,995,000
  • Apr 2022
    mls logo MLS # 220022642SD
  • Apr 6, 2022 Listed
    $4,250,000 (+66.1%)
  • Aug 2018
    mls logo MLS # 160030943
  • Aug 14, 2018 Sold
    $2,558,430
  • Jun 7, 2016 Sold
    $2,558,430 (-6.8%)
  • Apr 3, 2016 Listed
    $2,745,000
  • Apr 3, 2016 Listed
    $2,745,000
  • 750 E Ave
    $5.6M
  • Coronado Beach South Island
    —
  • 92118
    $2.88M +1% y/y
  • Coronado
    $2.88M +1% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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  • 750 E Ave
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