If you need assistance, please call 619-354-1338

$19,250,000
308 Orange Ave, Coronado, CA 92118
0 Beds
0 Baths
n/a SqFt

Share

   
OR
Photos
Map
Tour
Need help calculating monthly payments on this home? Estimate your mortgage here.
powered by CINC
One of THE Legacy properties on The Crown Isle, welcome to DEL ISLAND! Introducing a truly cross-generational opportunity, the likes of which has not been seen in Coronado! This development site, which is easily recognized as one of the Landmark gateway properties when entering Coronado's main commercial district along Orange Avenue, offers exceptional possibilities. Currently housing 29 residential units with an excellent mix of studios, 1 bedrooms and 2 bedrooms, plus 30 off-street parking spaces. The location is just 2 blocks NE to the Bay and 4 blocks SW to the main commercial district, Spreckles park and schools, which invites a bevy of development possibilities. The property has been laced together over many decades and features 4 contiguous parcels totaling 28,000+ sf of highly coveted R4 zoning! Keep them as-is and remodel, or renew the Affordable Housing City Covenant, or wait until expiration in less than 4 years and develop a full market rate product. In all of San Diego County, you would be hard-pressed to find a prime urban and coastal development site like this that actually has a bonafide income stream, while you go through planning, design and permitting processes over the next few years. Or maybe... where better is there to just Landbank cash/equity than Coronado Island and leave as-is over the next number of years for perhaps estate legacy planning? Properties included in sale are: 1014-28 3rd St/APN#536-222-23-00 & 308 Orange Ave/APN#536-222-22-00 & 320-22 Orange Ave/APN#536-222-21-00 & 328-30 Orange Ave/APN#536-222-20-00. Amenities: None
  • Price:
  • $19,250,000
  • Acreage:
  • 0.60
  • Listing ID #:
  • 220017903SD
  • Street Address:
  • 308 Orange Ave
  • City:
  • Coronado
  • State:
  • California
  • Postal Code:
  • 92118
  • County:
  • San Diego
  • Community:
  • Coronado
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Construction Description:
  • Block, Drywall, Frame, Other, Plaster, Stucco
  • Number Of Units:
  • 29
  • Net Operating Income:
  • 176095
  • Operating Expense:
  • 179595
  • Conforms To Zoning:
  • R4
  • Lot Size:
  • 26351
  • Lot Square Footage:
  • 26351
  • Days On Market:
  • 82
  • On Market Date:
  • 2022-07-12
  • Originating Mls:
  • Crmls
  • Terms:
  • Cash
  • Carport Present:
  • Yes
  • Number Of Carport Spaces:
  • 1
  • Parking Spaces:
  • 30
  • Has Central Air Conditioning:
  • Yes
  • Heating:
  • See Remarks
$

$

%

$

$

$


The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Agent Ken Pecus with eXp Realty
  • CACRMLS

Similar Properties

Image Unavailable
$20,000,000
Elfin Frst, Rancho Santa Fe, CA 92067
-- SqFt
-- Beds | -- Baths
CACRMLS Listing Agent Kyoko Wolf with JCA International Realty Inc
ACTIVE
Image Unavailable
$19,995,000
Virtual Tour
6710 El Montevideo, Rancho Santa Fe, CA 92067
-- SqFt
-- Beds | -- Baths
CACRMLS Listing Agent Linda Sansone 858-775-6356 with Pacific Sotheby's Int'l Realty
ACTIVE
Image Unavailable
$18,000,000
0 Palo Verde, Alpine, CA 91901
-- SqFt
-- Beds | -- Baths
CACRMLS Listing Agent BRANDON SUDWEEKS with COLDWELL BANKER COMMERCIAL SC
ACTIVE