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Listed by Penny J Nathan • Ascent Real Estate
$ 3,600,000
Est. payment /mo
New
221 D Avenue Coronado, CA 92118
2,900 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,900 sqft
Price per Sqft $1,241
MLS Listing ID 8N-2604044
Year Built 1955
Lot Size 7,000 Sqft
Source California Regional Multiple Listing Service (CRMLS)
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
Laundry Common Area, Community
Exterior
Pool None
Community Features Dog Park, Golf, Park, Sidewalks, Storm Drains, Street Lights
View Y/N No
Building
Lot Description Level
Sewer Public Sewer
Others
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2604044
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