MarketPier

810 G Avenue - Coronado, CA 92118

$3,200,000
Listing Description

Moderna comprises of six large apartment homes on G Avenue in the heart of Coronado. The property features a superior unit mix of three, two-bedroom/two-bathroom units and three, three-bedroom/three-bathroom units. The two-bedroom units range in size from approximately 959-979 rentable square feet while the three-bedroom units range in size from approximately 1120-1312 rentable square feet. The Property boasts a common courtyard and five on-site parking spaces. In April of 2019, a new roof was installed. This is a unique offering as the current owner has begun a renovation process of the interior and exterior but has had to stop short for family reasons. This offers a new investor the opportunity to benefit from all of the owners current improvements.

Listing Information
MLS Number
190026653
APN/Parcel ID
5372223000
Type
Commercial
Sub Type
Commercial/Residential
No Units
6
Price / Unit
$533,333
Gross Scheduled Income
$253,800
Expenses
$66,278
Net Income
$179,908
Cap Rate
5.62%
Listing Date
5/15/2019
Days Active
3
Last Updated
5/19/2019
Listing Provided By
Bill Anderson
Acre Investment Real Estate
BRE# 01441142

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