$2,000,000
●
House -
Off Market
275 J Ave
Coronado, CA 92118
6 Beds
6 Baths
3,855 Ft²
$3,947,099
RealtyHop Estimate
64.53%
Since Jan 1, 2019
CA-San Diego
Primary Model
About This Property
Unique opportunity to own TWO HOMES on a large 10,500 sf corner
lot! The main 4 BD/4 BA home was designed by noted architect Cliff
May around a lovely courtyard with tile flooring, large living
room, beamed ceilings, garage and carport. Guest house (with
separate address at 411 3rd St), was built in 1972 with separate
entrance includes 2 BD/2 BA, kitchen, living/dining room, small
courtyard and a parking area. The main house is approx. 2,735 sf.
and guest house is approx. 1,120 sf. Rental opportunity too!
The main house is over 75 years old and has potential for
historic designation. It has a kitchen with cooktop, dishwasher,
refrig, & oven and includes a laundry room with gas hook ups.
The guest house has an oven, gas range, refrig, fireplace,
hook ups for laundry, interior courtyard and 1 parking place.
The house at 275 J Ave was previously renting for $3,400/mo
and 411 3rd St was being rented for $2.350/mo. Neighborhoods:
Coronado Village Architectural Style: Monterey/Hacienda/Adobe
View: Monterey/Hacienda/Adobe Other Fees: 0 Sewer:
Sewer Connected Topography: LL
Unit Size
3,855 Ft²
Days on Market
193 days
Land Size
0.24 acres
Price per sqft
$622
Property Type
House
Property Taxes
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (SDMLS #180033129)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 28, 2018 | Sold | ||
| Sold | |||
| Jun 18, 2018 | Listed by Flagship Properties, Inc. | $2,399,000 | |
| Listed by Flagship Properties, Inc. | |||
Property Highlights
Garage
Fireplace
Comparables
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Type
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ft²
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HOA + Taxes
About Coronado
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Listed by: Carrie OBrien, Flagship Properties, Inc.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180033129
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180033129
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