812-820 E Ave - Apartments FOR SALE


Coronado, CA 92118
$3,250,000 USD
619-255-3233
812-820 E Ave, Coronado, CA for Sale
$3,250,000 USD
Apartments - FOR SALE
1/12
null | 2.6% Cap Rate

812-820 E Ave
Coronado, CA 92118


HIGHLIGHTS

  • Prime Central Coronado Location – Ideally situated just two blocks from Orange Avenue and minutes from Coronado Beach
  • Rare Coronado Multifamily Offering – Opportunities to acquire apartment properties in Coronado remain exceptionally limited due to long-term ownership
  • Attractive Coastal Courtyard Asset – Charming low-density 5-unit property with strong curb appeal and spacious outdoor areas
  • ADU Potential – Two Single Garages Totaling Approximately 598 Sq. Ft. (Buyer to Verify)
  • Desirable Unit Mix – Four 1-Bedroom Units and One 2-Bedroom Unit, Each with Patio/Balcony
  • Trophy Coastal Asset – Well-located multifamily properties in Coronado are considered highly sought-after generational holdings within the Southern Ca

OVERVIEW

Opportunities to acquire well-located multifamily assets in Coronado remain exceptionally limited due to the community’s high barriers to entry, long-term ownership patterns, and enduring demand for coastal housing. The Residences on E is a charming five-unit coastal apartment community ideally located in the heart of Coronado, California. Positioned on a prominent 5,088 square foot lot, the property offers an attractive blend of curb appeal, walkability, and long-term investment potential within one of Southern California’s most desirable beach communities. The property features a highly desirable unit mix consisting of four 1-bedroom/1-bath units and one spacious 2-bedroom/1-bath unit. Residents enjoy well-maintained grounds, a peaceful courtyard setting, on-site laundry facilities, and private patios or balconies throughout the property. Located just blocks from Coronado Beach, Orange Avenue, restaurants, shops, and the Hotel del Coronado, the property provides tenants with an exceptional coastal lifestyle in one of Southern California’s premier rental markets. The Residences on E offers investors a compelling value-add opportunity through strategic interior and exterior improvements that may support meaningful future rental growth. Held by the same family for more than 30 years, the property represents a rare chance to acquire a well-located multifamily asset in one of California’s most tightly held coastal communities.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$1,201 USD /SF

# OF UNITS

5

PRICE/UNIT

$650,000

CAP RATE

2.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,088 SF

ZONING

R3

APN/PARCEL ID

537-233-18

ASK ABOUT THIS PROPERTY

Dylan WrightMD Real Estate IncMore Info
619-255-3233

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Dylan WrightMD Real Estate IncMore Info
619-255-3233

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