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Colleen K Cotter

Colleen K. Cotter
Broker / Owner

CA DRE 01325265
San Diego, California

619-804-6840
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Listing 7 out of 100
$2,299,000 For Sale

320-326 C Avenue
Coronado, CA 92118

4 units | Multi Family 2-4
6970 sq ft - MLS# 190025296
Property Photo
1/25

Description

Very unique property with 4 permitted non-conforming units on quiet street in R1B zoning. Significant opportunity to increase rents, upgrade units or redevelop the site. Zoning code allows for improvement and enlargement of non-conforming units, additional FAR and Lot Coverage allowed by code. Underlying land consists of two separate lots that can be developed into two single family lots with accessory units. Possible boundary adjustment to separate the existing units or convert to SFR with rental units.

Features

  • Property Type: Multi Family 2-4
  • Sub Type: Multi Family 2-4
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92118
  • Year Built: 1950
  • Subdivision/Neighborhood: C Avenue
  • Units: 4 units
  • Lot Size: 6970 sq ft
  • Zoning: R1B
  • # Units w/Dishwashers: 4
  • # of Buildings: 3
  • # of Units w/Garage: 3
  • # of Units w/Patios: 3
  • # of Units w/Range/Oven: 4
  • # of Units w/Refrigerator: 4
  • Annual Expense Actual: 6000
  • Annual Expense Projected: 31500
  • Cap Rate Actual: 2.7
  • Cap Rate Projected: 4.1
  • Community: Coronado Village
  • Complex Features: Laundry Facilities
  • Complex/Park: C Avenue
  • Fencing: Partial
  • Frontage in Ft: 50
  • Gross Rent Multiplier Act: 33
  • Gross Rnt Multiplier Proj: 18
  • Gross Sched Income Actual: 5815
  • Gross Sched Income Proj.: 10500
  • Heat Source: Natural Gas
  • Listing Area: CORONADO (92118)
  • Lot Description: Alley Access
  • Lot Dimensions: 50 x 140
  • Lot Size Area: 4, 000-7, 499 SF
  • Lot SqFt: 7000
  • Net Oper.Income Projected: 94500
  • Other Income Projected: 600
  • Pets: Yes
  • Roof: Composition
  • Sewer/Septic: Sewer Connected
  • Siding: Wood/Stucco
  • Telecommunications: Cable (coaxial)
  • Tenant Pays: Cable TV, Electricity, Gas/Propane
  • Terms: Cash
  • Topography: Level
  • Unit # for Unit 1: 320
  • Unit # for Unit 2: 322
  • Unit # for Unit 3: 324
  • Unit # for Unit 4: 326
  • Unit 1 # Bedrooms: 2
  • Unit 1 # Total Baths: 1
  • Unit 1 # of Full Baths: 1
  • Unit 1 Estimated SqFt: 700
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Common
  • Unit 1 Projected Rent: 2650
  • Unit 1 Rent Actual: 1400
  • Unit 2 # Bedrooms: 2
  • Unit 2 # Total Baths: 1
  • Unit 2 # of Full Baths: 1
  • Unit 2 Estimated SqFt: 700
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: Common
  • Unit 2 Projected Rent: 2650
  • Unit 2 Rent Actual: 1340
  • Unit 3 # Bedrooms: 2
  • Unit 3 # Total Baths: 1
  • Unit 3 # of Full Baths: 1
  • Unit 3 Estimated SqFt: 700
  • Unit 3 Exclusive Use Yard: Yes
  • Unit 3 Laundry Hook Ups: Common
  • Unit 3 Projected Rent: 2750
  • Unit 3 Rent Actual: 1775
  • Unit 4 # Bedrooms: 1
  • Unit 4 # Total Baths: 1
  • Unit 4 # of Full Baths: 1
  • Unit 4 Estimated SqFt: 600
  • Unit 4 Laundry Hook Ups: Common
  • Unit 4 Projected Rent: 1850
  • Unit 4 Rent Actual: 1300
  • Water: Meter on Property
  • Water Heater Type: Gas
Courtesy of David Waitley Co Builder Sales


4833 Santa Monica Ave Ste 7854
Ocean Beach, CA 92107
 619-804-6840
 colleen@mysandiegoagent.com
CA DRE#01325265

Testimonials

As a first time home buyer, I could not have asked for someone more compassionate and reliable to be on my team. Colleen showed a personal interest in helping me find the perfect home, and stood with me every step of the way. She was always available when I needed help or advice. I put my utmost trust and faith in her and she never let me down. Exceptional to other real estate agents, she took the time to explain the process and what to expect, and this was critical to my finding a home I love. I would recommend her ten times over. Thanks, Colleen! Olivia Simpson
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