$7,950,000
$7,950,000
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10,497 Sqft Lot
SOLD DATE : 01/25/2023
Key Details
Sold Price $7,950,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Coronado Village
MLS Listing ID 220025440SD
Sold Date 01/25/23
HOA Y/N No
Lot Size 10,497 Sqft
Property Description
Occasionally a singular moment in time can mean so much. When that moment is unseen in more than a generation or two, it deserves our full attention. Introducing a stunning opportunity to own, restore or redevelop one of the finest multi-family residential parcels on the Crown Isle. Situated perfectly at the crossroads of every sought-after amenity of living in the Village, this compound spanning 10,500sf is gleaming with promise. Its proximity has no peer. From the Mainstreet commercial district on one side to the elegance and concerts of Spreckels Park on the other, the location is the definition of perfection. Family stories of the past are ready to be rewritten with exciting new chapters of the future, all interwoven into what we all know that makes Coronado such a special place to call home. See Supplement for Details.. The possibilities are endless! The offering includes two parcels: a 25 x 140 lot adjacent to a 50 x 140 lot (APN #s 537-091-06-00 & 537-091-07-00). The total 10,500sf of R4-zoned land offers one unit per 1,090sf of land for a total of 9 potential future homes. There are ONLY 10blocks in ALL of Coronado Village with R4-zoning. Now think about this… THIS is the CLOSEST R4 block to The Beach, Uptown and The Hotel Del. Current configuration has a 2 bed, 1 bath single-family house and 2-car garage on the smaller lot. The larger parcel has a two structure 5-unit, 4-car garage set up. With 75 feet of prime frontage and rear alley, the flexibility of the lot is incredible. There is a stately duplex in the front, right corner which would be an amazing anchor for a new development surrounding a courtyard. Future uses could include developing multi-unit rentals, for-sale condos, or keep the existing infrastructure, rehab, restore and just own one of the most valuable trophy parcels in all of Coronado.
Location
State CA
County San Diego
Area 92118 - Coronado
Building/Complex Name NA
Zoning R-4
Interior
Heating Natural Gas, See Remarks
Cooling None
Fireplace No
Exterior
Fence Partial
Pool None
View Y/N Yes
View Ocean
Roof Type Composition
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 5370910700
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Ken Nagel • Salas Properties
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REALTORS® | Lic# 01155199 | 02051274