850-856 Olive Avenue

Coronado, CA 92118

$3,180,470
Last Sold Price
4
Beds
4
Baths
2,388 Sq. Ft.
$1,332 / Sq. Ft.
2,388
Sq. Ft.
$1,332
per Sq. Ft.

Description

Presenting a four-unit apartment building located prominently on Olive Ave three blocks from Coronado’s world-famous Center Beach and just three short blocks to shopping and restaurants! Well appointed for an owner / user, the lower one-bedroom apartments have spacious patios for gathering with friends, BBQing, or simply soaking in the chill Coronado vibe. All four units feature fully upgraded finishes including luxury vinyl plank floors, soft close cabinetry, quartzite countertops, mini-split A/C...Presenting a four-unit apartment building located prominently on Olive Ave three blocks from Coronado’s world-famous Center Beach and just three short blocks to shopping and restaurants! Well appointed for an owner / user, the lower one-bedroom apartments have spacious patios for gathering with friends, BBQing, or simply soaking in the chill Coronado vibe. All four units feature fully upgraded finishes including luxury vinyl plank floors, soft close cabinetry, quartzite countertops, mini-split A/C and heat units, and closet stacked laundry! 3 off-street parking spaces, secure bike storage, and an additional storage space are available for an owner’s or tenants’ use. This special property is offered fully furnished with in-place rental income to offset your pied-a-terre. Available for immediate occupancy for you or your loved one, this opportunity will not be around long. Set up an in-person tour today!

Property Details for 850-856 Olive Avenue

View
City Lights, Neighborhood, Ocean, See Remarks
Parking Spaces Total
3
Private Pool
No
Cooling Type
Electric
Total Units
4.0
Building Type
Attached
Lot Size Source
Other
Living Area
2388

Location

Listing Courtesy of Coldwell Banker West, James Nelson, DRE #01852936

Sold By Del Coronado Realty, Ruth Ann Fisher, DRE #01281432

Add your commute
LISTING UPDATED: 10/13/2023 08:35 AM

Property Details for 850-856 Olive Avenue

StatusClosed
MLS #PTP2304560
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential
Year Built-
Lot Size0.07 AC / 2,980 SF
CountySan Diego County

Location

Listing Courtesy of Coldwell Banker West, James Nelson, DRE #01852936

Sold By Del Coronado Realty, Ruth Ann Fisher, DRE #01281432

Add your commute

Building Information for 850-856 Olive Avenue

Stories2Residences-Year Built-Building Size-Lot Size0.07 AC / 2,980 SF

Payment Calculator

$17,357 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,357

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 850-856 Olive Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $180,000
  • Gross Scheduled Income: $180,000
  • Vacancy Allowance: 5400
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $174,600
  • Net Operating Income: $117,775
  • Cap Rate: 3.52
  • Financing: Cash
Expense Details
  • Operating Expense: $56,825
  • New Taxes Expense: $38,525
  • Insurance Expense: $3,000
  • Maintenance Expense: $1,500
  • Trash Expense: $600
  • Water Sewer Expense: $3,000
  • Total Expenses: $56,825
Tax / Assessment Info
  • Tax Tract Number: 108/1
  • Tax Lot: 02002
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Golf, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban, Biking, Dog Park, Fishing, Park, Watersports
  • Number Of Units In Community: 4
Property / Structure Info
Interior Features
  • Room Type: Entry, Kitchen, Laundry, Primary Bedroom
  • Main Level Bathrooms: 2
Exterior Features
  • Entry Location: 1
  • Fence: No
  • View Description: City Lights, Ocean
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Patio Home
  • Lease Considered: No
  • Number Of Units: 4
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Sprinklers: No
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 3
Unit Information
Unit 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,800
  • Unit Type Total Rent: $4,200
  • Unit Type Pro Forma: 4200
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,200
  • Unit Type Total Rent: $4,200
  • Unit Type Pro Forma: 4200
  • Unit Type Type: 2
Unit 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,000
  • Unit Type Total Rent: $4,000
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 3
Unit 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,000
  • Unit Type Total Rent: $4,000
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 2
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 2
  • Number Wall AC: 4

Property History for 850-856 Olive Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 850-856 Olive Avenue

This home is within Coronado Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Village Elementary School
PublicK to 5

Coronado Middle School
Public6 to 8

Coronado High School
Public9 to 12

Sacred Heart Parish School
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker West, James Nelson, DRE #01852936

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by SDMLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 SDMLS®, Inc.