Coronado Villas is located at 824 &' 828 Coronado Court, Mission Bay in San Diego, CA 92109. 828 Coronado Court is located on the bayfront and is further referenced as APN 423-718-08-00. 824 Coronado Court is located directly across the alley fronting Bayside Walk and further referenced as APN 423-716-07-00. The property was originally built as an 8-unit apartment property. However, it is currently being operated as a 7-unit rental. The unit mix is balanced with (1) studio apartment, (3) one-bedroom, one-baths, (1) two-bedroom, one bath, (1) three-bedroom, two-bath and an owner’s apartment three-bedroom, three-bath. Coronado Villas offers a rare opportunity to own bay front property in Mission Beach, San Diego, California. This property sits on two lots and can be utilized as a rental property. The property is currently used as a hybrid owner user plus rental. The property can be operated immediately as a short-term rental if the owner resides in the property for at least nine months out of the year. In order to obtain a short-term rental permit, non owner occupied, an application must be made and be placed on the waiting list. This unique property also presents itself as a prime development opportunity. With the ability to scrape the existing structures and build new condominiums, or keep the current structures in place and process with the department of real estate to sell individually as a TIC tenant in common ownership structure. Very few investment properties offer this range of investment alternatives and creative uses.
Property Details
Price:
$7,950,000
MLS #:
240011970SD
Status:
Active
Baths:
0
Address:
824 Coronado Ct
Type:
Commercial
Subtype:
Commercial/Residential
Neighborhood:
92109pacificbeach
City:
San Diego
Listed Date:
May 24, 2024
State:
CA
ZIP:
92109
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Courtesy of NorthMarq Realty Services, Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
824 Coronado Ct
San Diego, CA
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