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ORANGE AVE. MULTI-UNIT This well-maintained 4-unit apartment building is an incredible investment opportunity with significant potential for increased rental income. Current rents are below market value, and all tenants are on a month-to-month basis, providing flexibility for future adjustments. Shows as a 3 unit on tax roll, currently one of the townhouses was reconfigured to be a 2/1 bath and a studio on ground floor with direct garage access. New owner has the option to keep unit as is or return back into a Townhouse configuration. All, but one unit has renovated. Recent updates enhance the property's appeal, including all-new windows installed just a year ago and four brand-new garage doors with openers added just last month. **Apartment A (Studio):** - Bathroom has been completely redone - New vinyl flooring throughout - Updated kitchen with new cabinets and quartz countertops **Apartment B:** - New hot water heater installed just one year ago - Upgraded kitchen featuring new quartz countertops and brand-new appliances - New luxury vinyl plank (LVP) wood floors throughout **Apartment C:** - Fully renovated from top to bottom - Elegant bathroom with a tub and shower surrounded by marble tiles - New washer and dryer included - Modern kitchen with new cabinets, black honed granite countertops, and a stunning tile backsplash running up the entire wall This property is a rare find, offering immediate upside potential for the right investor. Don't miss out on this excellent opportunity!
Property Type(s):
Residential Income
| Last Updated | 10/30/2024 | Tract | Coronado Village |
|---|---|---|---|
| Year Built | 1984 | Community | Coronado |
| County | San Diego |
Price History
| Prior to Sep 9, '24 | $3,498,000 |
|---|---|
| Sep 9, '24 - Sep 15, '24 | $3,490,000 |
| Sep 15, '24 - Sep 28, '24 | $3,295,000 |
| Sep 28, '24 - Oct 8, '24 | $3,250,000 |
| Oct 8, '24 - Oct 16, '24 | $3,225,000 |
| Oct 16, '24 - Oct 30, '24 | $3,295,000 |
| Oct 30, '24 - Today | $3,298,999 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Electric Water Heater |
| AREA | Coronado |
| HEAT | Electric, None |
| HOA DUES | 0 |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| SUBDIVISION | Coronado Village |
| VIEW | Yes |
| VIEW DESCRIPTION | None |
Location
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Listed with Coldwell Banker Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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