10
See all 10 photos
$3,600,000
Est. payment /mo
7,000 Sqft Lot
New
225 D AVE Coronado, CA 92118
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2604044
HOA Y/N No
Year Built 1955
Lot Size 7,000 Sqft
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
Laundry Common Area
Exterior
Pool None
Community Features Dog Park, Golf, Park, Storm Drain(s), Street Lights, Sidewalks
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Lot Description Level
Story 1
Sewer Public Sewer
Others
Senior Community No
Tax ID 5361520300
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Probate Listing
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2604044
Lease Land No
Listed by Penny Nathan Ascent Real Estate pnathan@ascentpropertymanagement.com, DRE #01275714
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