$3,000,000

221 D AVE, CORONADO CA, 92118

Price per sqft$1,034.48

Built in1955

Property size2,900 sqft

Property typeMulti-family

Overview

Sold

Listed Apr 1, 2026

Updated Sep 30

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

MLS^® ID: NDP2604044MR

Interior Features

Bathrooms: 0
Basement: No

Exterior Features

Lot Size: 0.16 Acres

Other Property Details

Maintenance Expense: $3,800

Also listed on SDMLS and CRMLS

Listed by Penny Nathan with Ascent Real Estate
Listing Contact: 619-985-7369

Based on information from The MLS^TM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Kevin W. Smith shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Data last updated 9/30/2026