Multifamily

716 F Ave

Listing Price: $5,395,000

Cap Rate
3.25%
Number of Units
12
Price/Unit
$449,583
Price/Gross SF
$756.66
Gross SF
7,130

Investment Overview

The Catalina Apartments at 716 F Avenue is an extremely rare opportunity to own a fully renovated twelve-unit apartment building in Coronado Island, one of Southern California’s highest barriers-to-entry markets. Built in 1969, this 3-structure courtyard style complex consists of two 2-bedroom / 1-bath units (approximately 1005 square feet), seven 1-bedroom / 1-bath units (approximately 560 square feet) and three studios (approximately 400 square feet). Major improvements to the property have been made including upgraded plumbing, electrical, tile flooring, dual pane windows and bamboo window treatments, kitchens, bathrooms, railings, landscaping and interior/exterior paint. Select units have received new bamboo window treatments, A/C units and half of the water heaters have been replaced. Buyer may assume a loan of $2,350,000 from CHASE at 4.35% fixed with three remaining years with a 1% assumption fee or obtain new financing. Coronado is a famous oasis, part of San Diego County and separated from California’s second largest city by San Diego Bay. Just a short trip from the mainland via Coronado Bridge or ferry, the island features some of the most beautiful beaches in the world, perfect for surfing, swimming, paddle-boarding and kayaking. Visitors enjoy walkable restaurants, galleries, live theaters, boutiques and colorful, lush gardens around every corner. The property is centrally located in Coronado a stone’s throw from Coronado High School and Village Elementary School, Cutler Field and popular Spreckels Park.

Investment Highlights

  • Prime Location On The Extremely Desirable Coronado Island
  • Substantially Rehabilitated Building With Diverse Unit Mix
  • Three Blocks From Orange Avenue's Shops & Entertainment

Exclusively Listed By

Listing Price: $5,395,000

Cap Rate
3.25%
Number of Units
12
Price/Unit
$449,583
Price/Gross SF
$756.66
Gross SF
7,130

Investment Highlights

  • Prime Location On The Extremely Desirable Coronado Island
  • Substantially Rehabilitated Building With Diverse Unit Mix
  • Three Blocks From Orange Avenue's Shops & Entertainment

Investment Overview

The Catalina Apartments at 716 F Avenue is an extremely rare opportunity to own a fully renovated twelve-unit apartment building in Coronado Island, one of Southern California’s highest barriers-to-entry markets. Built in 1969, this 3-structure courtyard style complex consists of two 2-bedroom / 1-bath units (approximately 1005 square feet), seven 1-bedroom / 1-bath units (approximately 560 square feet) and three studios (approximately 400 square feet). Major improvements to the property have been made including upgraded plumbing, electrical, tile flooring, dual pane windows and bamboo window treatments, kitchens, bathrooms, railings, landscaping and interior/exterior paint. Select units have received new bamboo window treatments, A/C units and half of the water heaters have been replaced. Buyer may assume a loan of $2,350,000 from CHASE at 4.35% fixed with three remaining years with a 1% assumption fee or obtain new financing. Coronado is a famous oasis, part of San Diego County and separated from California’s second largest city by San Diego Bay. Just a short trip from the mainland via Coronado Bridge or ferry, the island features some of the most beautiful beaches in the world, perfect for surfing, swimming, paddle-boarding and kayaking. Visitors enjoy walkable restaurants, galleries, live theaters, boutiques and colorful, lush gardens around every corner. The property is centrally located in Coronado a stone’s throw from Coronado High School and Village Elementary School, Cutler Field and popular Spreckels Park.

Exclusively Listed By

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