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$ 3,600,000
Est. payment /mo
New
221 D AVE Coronado, CA 92118
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2603721
HOA Y/N No
Year Built 1955
Property Sub-Type Multi Family
Property Description
We proudly present a rarely available 7-unit residential income property in the heart of Coronado. Combining two lots totaling 7,018 square feet and zoned R-3 and classified under Tier 3 (historic review not required). Exceptional opportunity that surfaces once in a market cycle — just blocks from the iconic Ferry Landing with its waterfront dining, boutique shops, and direct access to San Diego Bay. Both APNs are being sold together. For the value-add investor, the existing units offer immediate upside through renovation and repositioning in one of California's most supply-constrained rental markets. For the developer or land banker, the R-3 zoning and combined lot size present a compelling future path — hold the asset, collect income, and develop a premium townhome community when the time is right. Whether your strategy is renovate, hold, or build, this property checks the box. Coronado does not offer second chances on opportunities like this one.
Location
State CA
County San Diego
Area 92118 - Coronado
Zoning R-3
Interior
Fireplace No
Building
Lot Description Front Yard
Story 1
Others
Tax ID 5361520300
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Probate Listing
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2603721
Listed by Penny Nathan Ascent Real Estate pnathan@ascentpropertymanagement.com, DRE #01275714
NEARBY SCHOOL & BUSINESS