$3,600,000

221 225 D Ave Coronado, CA 92118

Estimated payment $22,818/month

Total Views 407
-- Bed
-- Bath
2,900 Sq Ft
$1,241 Price per Sq Ft

Highlights

  • Golf Course Community
  • Park
  • Level Lot
  • No HOA
  • Laundry Room
  • No Heating

About This Home

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 (historic review not required). 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 Agent

Penny Nathan

Ascent Real Estate Brokerage Email: pnathan@ascentpropertymanagement.com License #01275714 Listed on: 04/28/2026

Co-Listing Agent

Judy Preston

JP Equity Real Estate Corp. Brokerage Email: pnathan@ascentpropertymanagement.com License #02205944

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 7,000 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • 5361520400

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 2,900 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Additional Features

  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Tax Lot 153/26
  • Tax Tract Number 376
  • Assessor Parcel Number 5361520300
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Park
  • Dog Park

Building Details

  • 7 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,000
  • Professional Management Expense $11,000
  • Trash Expense $3,700
  • Water Sewer Expense $2,660
  • New Taxes Expense $39,600
  • Operating Expense $58,960
  • Gross Income $120,700
  • Net Operating Income $75,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

7,000 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 2.00
  • Professional Management Expense: 11000.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2660.00
  • Zoning: R-3
  • Property Type: Residential Income
  • Parcel Number: 5361520300
  • Year Built: 1955
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 1241.38

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Community, Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3700.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Golf, Dog Park, Street Lights, Storm Drains, Sidewalks, Park

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5361520400
  • Land Lease: No
  • Lot Features: Level
  • Lot Size: 50 x 143' (combined parcels)
  • Lot Size Sq Ft: 7000.00
  • Lot Size Acres: 0.1607

Multi Family

  • Average1 Bed Area: 425
  • Gross Income: 120700.00
  • Gross Scheduled Income: 121000.00
  • Insurance Expense: 2000.00
  • Laundry Income: 300.00
  • Lot Size Area: 7000.0000 Square Feet
  • Net Operating Income: 75000.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 46000.00
  • Rent Control: Yes
  • Total Expenses: 58960.00

Tax Info

  • New Taxes Expense: 39600.00
  • Tax Lot: 153/26
  • Tax Tract Number: 000376

Map

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Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2026 04/28/26 For Sale $3,600,000 -- $1,241 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2604044

California Regional Multiple Listing Service (CRMLS)
California San Diego County Coronado 92118

221 225 D Ave, Coronado, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Penny Nathan
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Penny Nathan
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Ascent Real Estate
(619) 853-6468
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