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Triplex Opportunity at 870 D Avenue Coronado

Triplex Opportunity at 870 D Avenue Coronado
FOR SALE
View more

$4,000,000

870 D Avenue, Coronado, CA 92118

3,414 SF

Square Feet

$1,172

PPSF

2.42%

CAP

Property Description

NOI

$96,784

Cap Rate

2.42%

LOCATION! LOCATION! LOCATION! First time on market in decades, a unique opportunity presents itself in the Coronado Village at 870 D Avenue. Situated on the esteemed Island of Coronado, this triplex is a legacy asset encompassing one Victorian Single Family House (4Bedroom/ 3 Bath + Loft) and two (2 Bedroom/ 1 Bathroom) units. 870 D Avenue features fully upgraded finishes including luxury vinyl plank floors, custom cabinetry, new countertops/backslashes, laundry in unit, let alone AC in the living areas paired with modern amenities.

Nestled just blocks away from the renowned Coronado Center Beach & walking distance to all the restaurants/shops along Orange Ave., this property boasts a superb 94 Walk Score showing its prime location to all Coronado has to offer. With five off-street parking space located in the alley & an addi-tional side deck, this property offers Coronado’s charm with ease for owner-users or tenants alike. In addition, 870 D Avenue sits on a generous 7,843 square foot lot Zoned R-3, not only promising immedi-ate returns but also hinting at future development opportunities.

870 D Avenue is primed for discerning buyers seeking a slice of the rarely traded island of Corona-do. Whether it’s maximizing rental income, personal occupancy, or development, the possibilities are abundant.


Property Details

Asset Type

MultiFamily

Zoning

R-3

Lot Size

7,843 SF

Neighborhood

Coronado

Submarket

Coronado

ZIP

92118

Listing Type

sale

Net Operating Income (NOI)

$153,548

Debt Service Coverage Ratio (DSCR)

0.67x

DSCR below 1.0x — deal does not cover debt service

Cap Rate

3.84%

Cash Flow (Annual)

-$73,997

Cash-on-Cash Return

-7.40%

Monthly Debt Service

$18,962

Annual Debt Service

$227,544

View on Map

Address

870 D Avenue

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Coronado MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

Contact the Listing Team

Aaron Bove

Aaron Bove

Senior Managing Director

12 closed

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Jared Wallach

Jared Wallach

1 closed

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Aaron Bove

Aaron Bove

Senior Managing Director

12 closed

Call
Jared Wallach

Jared Wallach

1 closed

Call