221-225 D Ave - Apartments FOR SALE


Coronado, CA 92118
$3,600,000 USD
619-309-9559
221-225 D Ave, Coronado, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/8
null | 1.73% Cap Rate

221-225 D Ave
Coronado, CA 92118


HIGHLIGHTS

  • Rare Value Add Development Opportunity, R-3 Two Parcels Total Site 7018, Currently 7 Residential Units/2970 SF 6 One Bedroom and 1 Studio
  • Land Coronado -- Developer- Low Rents - room to Add value, Stablize, Reposition, Hold-
  • 1031 Exchange - Defer gains, land in Coronado -R-3 Zoning Tier 3 - (Historical View not Required) - Tenants all Mo to Mo

OVERVIEW

Ascent Commercial and JP Equity Real Estate are proud to 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, this is the kind of 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. 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.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$1,286 USD /SF

# OF UNITS

7

PRICE/UNIT

$514,286

CAP RATE

1.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R-3

APN/PARCEL ID

536-152-03,536-152-04

ASK ABOUT THIS PROPERTY

Judy PrestonJP Equity Real Estate Corp.More Info
619-309-9559

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Judy PrestonJP Equity Real Estate Corp.More Info
619-309-9559

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.