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248 Orange Ave 2 Unit Apartment Building Offered at $3,000,000 at a 2.33% Cap Rate Coronado, CA 92118
Investment Highlights
- Ample Parking - 4 Garages (1 attached) and 4 Parking Spaces
- Individual Waterheaters
- Well kept interiors
- In-unit laundry
- 1984 Construction
- Townhome units (2 units) Large floor plans
Executive Summary
Well located triplex situated on the famed Orange Avenue- Coronado, CA. Improved space is approximately 2900sf. Strong Unit mix consisting of one 3Bed 2Bath townhome (Unit A), one 2Bed 1.5Bath Townhome (Unit B), and One 2Bed 2Bath unit (Unit C). All units are well taken care of with in-unit laundry, private water heaters, FOUR on-site garages plus FOUR on-site parking spaces! The property was built in 1984 and offers tenants lots of natural light. Units are accessed off Orange Avenue and in the rear alleyway. Steps from the Bay and all the retail amenities your tenants will need. Lot size is 3,591sf with dimensions of 26ft x 140ft.
Subject property is located on the north side of Coronado Island and is situated on famed Orange Avenue- the main roadway going through Coronado Island. The site is regarded as very walkable as well as a "biker's paradise". Tenants enjoy being in close walking proximity to grocery retail, shopping, and recreational space. Most errands can be accomplished by walking. Downtown is a 6 minute drive by way of the Coronado bridge.
Subject property is located on the north side of Coronado Island and is situated on famed Orange Avenue- the main roadway going through Coronado Island. The site is regarded as very walkable as well as a "biker's paradise". Tenants enjoy being in close walking proximity to grocery retail, shopping, and recreational space. Most errands can be accomplished by walking. Downtown is a 6 minute drive by way of the Coronado bridge.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Bay Window
- Ceiling Fans
- Refrigerator
- Stainless Steel Appliances
- Views
- Breakfast Nook
- Dining Room
- Double Pane Windows
- Island Kitchen
- Skylights
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- Laundry Facilities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $3,195 | 950 |
| 2+1.5 | 1 | $3,550 | 950 |
| 2+2 | 1 | $3,100 | 950 |
1 1
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (88)
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248 Orange Ave
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