4961-67 Coronado Ave. San Diego, CA 92107

Summary

Ocean Beach – 4961-67 Coronado Avenue, an Eight (8) unit apartment property, comprised of all one-bedroom/one-bathroom units (averaging around 410 SF each), has sold for Two Million Five Hundred and Forty Thousand Dollars ($2,540,000).

Joe Burrough of Palma Commercial was the exclusive listing agent for the Seller, a Southern California based family trust (Mills Trust).  Burrough also was retained by Buyer, ultimately representing both sides.      

Built around 1955, this property features a single-story u-shaped building with motor court in front of units, with nine (9) total off-street parking spaces, just steps from the bluff and Pacific Ocean.  There is no on-site laundry, and one of the units was vacant at time of sale. 

“We had the property on the market in 2020 with very little activity, so removed from the market late in the year.  Around the beginning of Q2 of this year, we reintroduced the property to the market, and almost immediately received significant attention and multiple offers.  Ultimately it came down to price plus timeframe for closing that lead to this buyer being selected”.