4-Bed 3-Bth with Rental Units in Rear | 870 D Ave
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4-Bed 3-Bth with Rental Units in Rear 870 D Ave
3 Unit Apartment Building $4,000,000 ($1,333,333/Unit) Coronado, CA 92118
Investment Highlights
- Situated in the heart of Coronado Village at 870 D Avenue, this triplex offers a rare opportunity on the esteemed Island of Coronado.
- Boasting fully upgraded finishes including luxury vinyl plank floors, custom cabinetry, new countertops/backslashes, and in-unit laundry
- Situated on a generous 7,843 square foot lot Zoned R-3
- Victorian Single Family House (4Bedroom/ 3 Bath + Loft) and two (2Bedroom/ 1 Bathroom) units
- Five off-street parking spaces located in the alley
Executive Summary
LOCATION! LOCATION! LOCATION! With Price Adjustment
First time on market in decades, a unique opportunity presents itself in the Coronado Village at 870 D Avenue. Situated on the esteemed Island of Coronado, this triplex is a legacy asset encompassing one Victorian Single Family House (4 Bedroom/ 3 Bath + Loft) and two (2 Bedroom/ 1 Bathroom) units. 870 D Avenue features fully upgraded finishes including luxury vinyl plank floors, custom cabinetry, new countertops/backslashes, laundry in unit, let alone AC in the living areas paired with modern amenities.
Nestled just blocks away from the renowned Coronado Center Beach & walking distance to all the restaurants/shops along Orange Ave., this property boasts a superb 94 Walk Score showing its prime location to all Coronado has to offer. With five off-street parking space located in the alley & an additional side deck, this property offers Coronado's charm with ease for owner-users or tenants alike.
In addition, 870 D Avenue sits on a generous 7,843 square foot lot Zoned R-3, not only promising immediate returns but also hinting at future development opportunities. 870 D Avenue is primed for discerning buyers seeking a slice of the rarely traded island of Coronado. Whether it's maximizing rental income, personal occupancy, or development, the possibilities are abundant.
First time on market in decades, a unique opportunity presents itself in the Coronado Village at 870 D Avenue. Situated on the esteemed Island of Coronado, this triplex is a legacy asset encompassing one Victorian Single Family House (4 Bedroom/ 3 Bath + Loft) and two (2 Bedroom/ 1 Bathroom) units. 870 D Avenue features fully upgraded finishes including luxury vinyl plank floors, custom cabinetry, new countertops/backslashes, laundry in unit, let alone AC in the living areas paired with modern amenities.
Nestled just blocks away from the renowned Coronado Center Beach & walking distance to all the restaurants/shops along Orange Ave., this property boasts a superb 94 Walk Score showing its prime location to all Coronado has to offer. With five off-street parking space located in the alley & an additional side deck, this property offers Coronado's charm with ease for owner-users or tenants alike.
In addition, 870 D Avenue sits on a generous 7,843 square foot lot Zoned R-3, not only promising immediate returns but also hinting at future development opportunities. 870 D Avenue is primed for discerning buyers seeking a slice of the rarely traded island of Coronado. Whether it's maximizing rental income, personal occupancy, or development, the possibilities are abundant.
Property Facts
| Price | $4,000,000 | Lot Size | 0.18 AC |
| Price Per Unit | $1,333,333 | Building Size | 3,414 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 1.46/1,000 SF |
| Apartment Style | Garden |
| Price | $4,000,000 |
| Price Per Unit | $1,333,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.18 AC |
| Building Size | 3,414 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 1.46/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3 | 1 | - | 1,914 |
| 2+1 | 2 | - | 750 |
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Walk Score ®
Walker's Paradise (96)
Bike Score ®
Very Bikeable (77)
zoning
| Zoning Code | R-3 |
| R-3 |
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4-Bed 3-Bth with Rental Units in Rear | 870 D Ave
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