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Listed by Penny Nathan, DRE #01275714 • Ascent Real Estate
$ 3,250,000
Est. payment /mo
Pending
221 225 D AVE Coronado, CA 92118
7,000 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRNDP2604044
Year Built 1955
Lot Size 7,000 Sqft
Source California Regional MLS
Property Description
Check out this competitively priced income opportunity! 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. 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
Interior
Laundry Laundry Area, Community Facility
Exterior
Garage Spaces 5.0
Pool None
Building
Lot Description Grade - Level
Others
Tax ID 5361520300
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