Bayfront Multifamily Rental with Owner
For Sale
$7,950,000
824 Coronado Ct, San Diego, CA 92109
Multi-unit property on two lots, currently operating as a 7-unit rental with an owner’s apartment and mixed unit sizes.
Property SizeContact for details
Days on Market878
Property Features for 824 Coronado Ct
General Information
Standard status
Active
Site & Location
Neighborhood
Mission Beach
Additional Details
Multifamily Units
8
Listing Agency:
NorthMarq Realty Services, Inc
(949) 717-5200
Listed By:
Peter Hauser · License #00856966
(949) 302-1400
Source:
Exprealty
Added: May 29, 2024
Changed: Oct 5
Last Checked: Oct 23 at 7:18AM
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
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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.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
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Business Placement
Demographics for 92109, CA
44,671
Population
26,503
Households
1.7
Avg Household Size
35
Median Age
70%
College-Educated
97%
High-School Grad
7.6 sq mi
ZIP Area
5,878
Density / Sq Mi
$118,300
Median Household Income
$71,054
Median Earnings
$2,362
Median Rent
$1,136,000
Median Home Value
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Frequently Asked Questions
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.
