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Coronado 7-Unit Residential Income Property
For Sale
$3,600,000

221 225 D Ave, Coronado, CA 92118

Rare 7-unit residential income property in the heart of Coronado.

Days on Market99

Property Features for 221 225 D Ave

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1955
Listing Agency:
Listed By: Judy Preston
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Jul 31 at 6:06AM

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 Judy Preston

Investment Insights

Based on property information with market context.

This is a 7-unit residential income property located in Coronado. The property combines two lots totaling 7,018 square feet. It is zoned R-3 and classified under Tier 3, meaning historic review is not required. The property is located blocks from the Ferry Landing, which offers waterfront dining, boutique shops, and direct access to San Diego Bay. Both APNs are being sold together. The existing units offer upside through renovation and repositioning. The R-3 zoning and combined lot size present a future path to develop a premium townhome community. The location has a bike score of 89, indicating it is very bikeable, a walk score of 88, indicating it is very walkable, and a transit score of 30, indicating some transit options are available.

Key Highlights

  • Rare 7‑unit residential income property in Coronado.
  • R‑3 zoning on two lots totaling 7,018 sq ft offers development potential (townhomes).
  • Immediate upside through renovation and repositioning of existing units.

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.

Location Intelligence

Trade Area within ½ mile

1,424
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Rare 7-unit residential income property in the heart of Coronado.
Where is this apartment building located?
The property is located at 221 225 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: Rare 7‑unit residential income property in Coronado.; R‑3 zoning on two lots totaling 7,018 sq ft offers development potential (townhomes).; Immediate upside through renovation and repositioning of existing units.
More about this property
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