Coronado, CA 92118,741 45 Orange Ave
Coronado, CA 92118,741 45 Orange Ave
Coronado, CA 92118,741 45 Orange Ave
Coronado, CA 92118,741 45 Orange Ave
Coronado, CA 92118,741 45 Orange Ave
Coronado, CA 92118,741 45 Orange Ave
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$7,950,000

$7,950,000

Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by Ken Pecus • eXp Realty of California, Inc
Bought with Ken Nagel • Salas Properties
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6 Jenner, Unit # 250, Irvine, CA, 92618

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