221 225 D Avenue, Coronado, CA 92118
- $3,000,000
- Sold Price
- $3,000,000
- List Price
- $3,000,000
- Closing Date
- Sep 25, 2026
- Status
- CLOSED
- MLS#
- NDP2604044
- Year Built
- 1955
- Lot Size
- 7,000
- Acres
- 0.16
- Lot Location
- Level
- Days on Market
- 93
- Property Type
- Multifamily
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.
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Attached Structure
- Attached
- Number Of Units Total
- 7
- Gross Scheduled Income
- $153,798
- Operating Expense
- 79383
Listing courtesy of Listing Agent: Penny Nathan (pnathan@ascentpropertymanagement.com) from Listing Office: Ascent Real Estate.
Listing sold by ED Bustamante from South Bay Real Estate
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.