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221 225 D Avenue Coronado, CA 92118
$3,250,000 0 beds, 0 baths
0 sqft
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Photo of Deanne Palmer

Deanne Palmer REALTOR® - Sales Associate 619-405-1862 m
619-405-1862 o
Lic#: 01487194
NRDS ID: 196533729
DeanneMPalmer@gmail.com
Text Me
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Lic#: 01487194
NRDS ID: 196533729
DeanneMPalmer@gmail.com
San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
Phone: 619-294-3113
Fax: 619-521-0100
San Diego Central 2355 Northside Drive, Suite 180
San Diego, CA 92108
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Fax: 619-521-0100
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Agent Remarks

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.

Listing Details

Trust & Probate
Property type: (Multi-Family)
Status: Pending
MLS# NDP2604044
List price is $3,250,000 Reduced by $350,000 on 7/13/2026
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1955
0.16 acres
Lot size: 0.1607
County: San Diego
Zoning: R-3
Lot description: Level
MLS area: 92118 - Coronado

Last Updated: 8/4/2026

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This listing belongs to the 92118 - Coronado MLS area

Lat/Long: 32.697251, -117.174283.
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Listing Agent: Penny Nathan
Co Listing Agent: Judy Preston
Lic#: 01487194
Office Name: San Diego Central

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Photo of Deanne Palmer

Deanne Palmer REALTOR® - Sales Associate 619-405-1862 m
619-405-1862 o
Lic#: 01487194
NRDS ID: 196533729
DeanneMPalmer@gmail.com
Text Me
Call My Cell
Call My Office
Lic#: 01487194
NRDS ID: 196533729
DeanneMPalmer@gmail.com

San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
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