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5-Unit Garden-Style Apartment Building
For Sale
$3,875,000

971 D Ave., Coronado, CA 92118

A two-story coastal property offers a mix of one- and two-bedroom apartments, garages, surface parking, and on-site laundry.

Property SizeContact for details
Days on Market8

Property Features for 971 D Ave.

General Information

Standard status Active
Property subtype Commercial

Building Details

Units 5
Listing Agency: Palma Commercial
Listed By: Joseph Burrough · License #02014504
Source: Elliman
Added: Oct 7 Changed: Oct 13 Last Checked: Oct 12 at 7:16PM

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 Palma Commercial

Investment Insights

Based on property information with market context.

This five-unit apartment property has a two-story, wood-frame building on an elevated foundation, with a stucco exterior and pitched roof. The unit mix comprises two one-bedroom, one-bath apartments of approximately 615 square feet each and three two-bedroom, two-bath apartments of approximately 872 square feet each. Select interiors have vinyl plank flooring and updated kitchens and bathrooms; many windows have been replaced with dual-pane vinyl. The site also includes three surface parking spaces, two garages, a laundry room, and three storage rooms. Gas and electricity are separately metered by unit. The property is estimated to date to 1949 and occupies a corner lot with landscaped grounds and a broad rear setback used for bike and board storage.

The property is within three blocks of the beach, Hotel del Coronado, and shopping and dining on Orange Avenue. Glorietta Bay is also identified among nearby destinations.

Key Highlights

  • Five apartments: two one‑bedroom/one‑bath units of approximately 615 SF and three two‑bedroom/two‑bath units of approximately 872 SF
  • Three surface parking spaces and two garages
  • On‑site laundry room and three storage rooms

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Computer & Electronic Repair Auto Parts Store HVAC Service Kitchen & Bath Showroom Tech Support Center Electrical 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

1,589
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Apartment building - A two-story coastal property offers a mix of one- and two-bedroom apartments, garages, surface parking, and on-site laundry.
Where is this apartment building located?
The property is located at 971 D Ave. Coronado, CA.
What is the asking price?
The asking price for this property is $3,875,000.
What are key features of this property?
This property features: Five apartments: two one‑bedroom/one‑bath units of approximately 615 SF and three two‑bedroom/two‑bath units of approximately 872 SF; Three surface parking spaces and two garages; On‑site laundry room and three storage rooms
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