Bayfront Multifamily Rental with Owner
824 Coronado Ct San Diego, CA 92109
824 Coronado Ct, San Diego, CA, 92109
$7,950,000
For Sale
$7,950,000
Multi-unit property on two lots, currently operating as a 7-unit rental with an owner’s apartment and mixed unit sizes.
Days on Market738
Property Features for 824 Coronado Ct
General Information
- Standard status
- Active
Listing agency
NorthMarq Realty Services, Inc
(949) 302-1400
Listed by
Peter Hauser · License #00856966
(949) 302-1400
Source
Exprealty
Added: Jul 15, 2024 Updated: Jul 20 at 5:00PM Checked: Jul 21 at 10:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NorthMarq Realty Services, Inc
Investment Insights
Based on property information with market context.
Coronado Villas consists of two apartment buildings at 824 and 828 Coronado Court in Mission Bay, San Diego. Originally built as an 8-unit apartment property, it is currently being operated as a 7-unit rental, with a balanced unit mix that includes one studio, three one-bedroom units (each with one bath), one two-bedroom (one bath), and one three-bedroom (two bath), plus an owner’s apartment with three bedrooms and three baths.
The 828 Coronado Court building is referenced as bayfront (APN 423-718-08-00). The 824 Coronado Court building is located directly across the alley and fronts Bayside Walk (APN 423-716-07-00).
The property is currently used as a hybrid owner-user plus rental, and it may be operated immediately as a short-term rental if the owner resides in the property at least nine months out of the year. For a non-owner-occupied short-term rental, an application must be submitted and placed on a waiting list. The offering also presents multiple real estate alternatives, including the option to scrape the existing structures and build new condominiums, or keep the current structures in place and pursue department of real estate processing to sell individually as a TIC tenant-in-common ownership structure.
The 828 Coronado Court building is referenced as bayfront (APN 423-718-08-00). The 824 Coronado Court building is located directly across the alley and fronts Bayside Walk (APN 423-716-07-00).
The property is currently used as a hybrid owner-user plus rental, and it may be operated immediately as a short-term rental if the owner resides in the property at least nine months out of the year. For a non-owner-occupied short-term rental, an application must be submitted and placed on a waiting list. The offering also presents multiple real estate alternatives, including the option to scrape the existing structures and build new condominiums, or keep the current structures in place and pursue department of real estate processing to sell individually as a TIC tenant-in-common ownership structure.
Key Highlights
- Coronado Villas at 824 & 828 Coronado Court (Mission Beach/Mission Bay), San Diego, CA 92109—bayfront at 828 Coronado Court.
- Operates as a 7‑unit rental with an owners’ apartment; originally built as an 8‑unit apartment property.
- Unit mix includes 1 studio, 3 one‑bedroom/one‑bath, 1 two‑bedroom/one‑bath, and 1 three‑bedroom/two‑bath plus an owners’ three‑bedroom/three‑bath apartment.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
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FAQs
What type of property is this?
Apartment building - Multi-unit property on two lots, currently operating as a 7-unit rental with an owner’s apartment and mixed unit sizes.
Where is this apartment building located?
The property is located at 824 Coronado Ct San Diego, CA.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: Coronado Villas at 824 & 828 Coronado Court (Mission Beach/Mission Bay), San Diego, CA 92109—bayfront at 828 Coronado Court.; Operates as a 7‑unit rental with an owners’ apartment; originally built as an 8‑unit apartment property.; Unit mix includes 1 studio, 3 one‑bedroom/one‑bath, 1 two‑bedroom/one‑bath, and 1 three‑bedroom/two‑bath plus an owners’ three‑bedroom/three‑bath apartment.
