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Seven-Unit Residential Income Building
For Sale
$3,600,000

225 D Ave, Coronado, CA 92118

Seven residential units are offered with R-3 zoning and Tier 3 classification across two lots.

Lot Size0.16 Acres
Days on Market94

Property Features for 225 D Ave

General Information

Standard status Active
Lot size 0.16 Acres
Property subtype Commercial
Zoning R-3

Additional Details

Multifamily Units 7

Building Details

Year Built 1955
Tenancy Multi
Listing Agency:
Listed By: Penny Nathan
Source: Elliman
Added: Apr 29 Changed: Jul 23 Last Checked: Jul 31 at 12:40PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Penny Nathan

Investment Insights

Based on property information with market context.

This for-sale multifamily residential income property features 7 units and is located on two lots sold together. The combined lot area totals 7,018 square feet. The property is zoned R-3 and classified under Tier 3, with historic review not required.

Situated in Coronado, the location places the property blocks from Ferry Landing, which offers waterfront dining, boutique shops, and direct access to San Diego Bay. BikeScore is 89 (very bikeable) and WalkScore is 88 (very walkable), with transitScore of 30 (some transit).

The listing is presented as a value-add opportunity through renovation and repositioning, supported by the existing unit base and the R-3 zoning framework described for future planning.

Key Highlights

  • 7‑unit residential income property in Coronado
  • Two lots totaling 7,018 sq ft (both APNs sold together)
  • Zoned R‑3 and classified under Tier 3 (historic review not required)

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom Computer & Electronic Repair Furniture & Home Goods Auto Parts Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,116
Businesses Nearby

Demographics for 92118, CA

20,629
Population
9,521
Households
2.2
Avg Household Size
38
Median Age
66%
College-Educated
98%
High-School Grad
7.7 sq mi
ZIP Area
2,679
Density / Sq Mi
$135,056
Median Household Income
$59,072
Median Earnings
$3,250
Median Rent
$1,998,900
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Seven residential units are offered with R-3 zoning and Tier 3 classification across two lots.
Where is this apartment building located?
The property is located at 225 D Ave Coronado, CA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 7‑unit residential income property in Coronado; Two lots totaling 7,018 sq ft (both APNs sold together); Zoned R‑3 and classified under Tier 3 (historic review not required)
More about this property
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