248 Orange Ave Coronado, CA 92118
Estimated payment $20,528/month
Highlights
- No HOA
- Park
- Garden
- Coronado Village Elementary Rated A
- Laundry Room
- No Heating
About This Home
Welcome to this rare multi-unit income-producing gem in the heart of Coronado—just a few blocks from the beach, vibrant shops, and top-tier dining. Built in 1984, this well-maintained property features four separate units Highlights include: • Fully separate utilities: Each unit has individual gas, electric, and water meters, ensuring easy management and billing . • Laundry included: In-unit washers and dryers for all units offer exceptional tenant convenience . • Garage parking: Each 2-bedroom unit includes a one-car garage; the larger unit offers expanded garage space plus additional open parking . • Owner-user friendly: Live in one unit and rent out the rest—perfect for offsetting housing costs in a premium coastal locale . • Proximity to leisure & amenities: Walk to the beach, schools rated 8–9/10 (Village Elementary, Coronado Middle, and High School), family attractions, cafés, and the charming Coronado Village Main St. . Additional Details: • Zoning allows for up to four units—ideal for investment or owner-occupancy strategies . • Solid tax history and reliable income flows—this is a proven performer, not a speculative project .
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1984
Lot Details
- 3,591 Sq Ft Lot
- 1 Common Wall
- Garden
Parking
- 4 Open Parking Spaces
- 4 Car Garage
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 3,591 Sq Ft Home
- 2-Story Property
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Utilities
- No Heating
Listing and Financial Details
- Tax Lot 3591
- Tax Tract Number 2002
- Assessor Parcel Number 5361521300
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 4 Units
Recreation
- Park
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Gross Income $100,000
- Net Operating Income $100,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/24/2025 06/24/25 | Pending | -- | -- | -- | |
| 06/24/2025 06/24/25 | For Sale | $3,290,000 | +109.9% | $916 / Sq Ft | |
| 09/10/2019 09/10/19 | Sold | $1,567,500 | -2.0% | $549 / Sq Ft | View Prior Sale |
| 07/01/2019 07/01/19 | For Sale | $1,599,000 | -- | $560 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PTP2504702
APN: 536-152-13-00
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