ORANGE AVE. MULTI-UNIT This well-maintained 4-unit apartment building is an incredible investment opportunity with significant potential for increased rental income. Current rents are below market value, and all tenants are on a month-to-month basis, providing flexibility for future adjustments. Shows as a 3 unit on tax roll, currently one of the townhouses was reconfigured to be a 2/1 bath and a studio on ground floor with direct garage access. New owner has the option to keep unit as is or return back into a Townhouse configuration. All, but one unit has renovated. Recent updates enhance the property’s appeal, including all-new windows installed just a year ago and four brand-new garage doors with openers added just last month. **Apartment A (Studio):** – Bathroom has been completely redone – New vinyl flooring throughout – Updated kitchen with new cabinets and quartz countertops **Apartment B:** – New hot water heater installed just one year ago – Upgraded kitchen featuring new quartz countertops and brand-new appliances – New luxury vinyl plank (LVP) wood floors throughout **Apartment C:** – Fully renovated from top to bottom – Elegant bathroom with a tub and shower surrounded by marble tiles – New washer and dryer included – Modern kitchen with new cabinets, black honed granite countertops, and a stunning tile backsplash running up the entire wall This property is a rare find, offering immediate upside potential for the right investor. Don’t miss out on this excellent opportunity!
Property Details
Price:
$3,298,999
MLS #:
240016295SD
Status:
Active
Baths:
0
Address:
248 Orange Ave
Type:
Residential Income
Subdivision:
Coronado Village
Neighborhood:
92118coronado
City:
Coronado
Listed Date:
Jul 12, 2024
State:
CA
ZIP:
92118
Year Built:
1984
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Schools
Interior
Appliances
Electric Water Heater
Cooling
None
Heating
Electric, None
Exterior
Fencing
None
Parking Spots
0.00
Pool Features
None
Roof
Composition
Spa Features
None
Stories Total
2
View
None
Financial
Association Fee
0.00
Map
Community
- Address248 Orange Ave Coronado CA
- Area92118 – Coronado
- SubdivisionCoronado Village
- CityCoronado
- CountySan Diego
- Zip Code92118
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Courtesy of Coldwell Banker Realty. 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 2025. California Regional Multiple Listing Service. All rights reserved.
248 Orange Ave
Coronado, CA
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