What does a unique strategic approach look like for our clients?
The Property
4 Units currently for sale in beautiful Coronado, California.
A Triplex with three1 BR/1 BA units and one 2 BR/1BA
4 garages (Office with Bath, Common Laundry & Storage)
7,070 SF Lot - 50’x140’ ~ R3 Zoning
Development Potential to build 4 Luxury Detached Townhomes for Individual Resale
The Challenge
Current Condition & Low Income
How can the Sellers maximize their profits on the sale of this property?
What needs to happen for a Buyer to identify this property as a feasible investment or development opportunity that has good income potential?
How can we make this a win-win for the Buyer and Seller?
The Solution
Create More Income & Enhance Curb Appeal
Frontline Realty Group created more income and better curb appeal by updating the exterior of the property and renovating the vacant unit, which was then furnished to showcase the potential of what can be done with the remaining units to maximize the income and value of the property.
We did this all with no upfront costs to the Seller.
Showcasing the outdoor Coronado lifestyle.
Renovating and furnishing shows the possibilites.
Turnkey property for an investor / 1031 exchange.
Creates an opportunity for an owner-occupied Buyer.
The Result
Increased Market Value
Additional Income
& Beautiful Curb Appeal
ALSO: The furnished unit is rented as a vacation rental with a 133% increase in monthly rental income.