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$3,600,000
Est. payment /mo
7,000 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2604044
Lot Size 7,000 Sqft
Lot Dimensions 50 x 143' (comb
Property Sub-Type Res Income 2-4 Units
Property Type Res Income 2-4 Units
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
Direction 5 to Coronado Bay Bridge (75) Right on B- Left on 2nd Left on D
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5361520300
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Probate Sbjct to Overbid
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Listed by Penny Nathan, DRE#01275714 Ascent Real Estate
Nearby School & Business
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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