Description
A rare opportunity to own a fully remodeled legacy property in the iconic Isle of Coronado, just 2.5 blocks from the sparkling white-sand beaches and steps to top-rated restaurants, boutique shopping, lively bars, and the Coronado Ferry for direct access to downtown San Diego & Petco Park. This timeless 1937 coastal income property has been completely redone from top to bottom while preserving its classic charm. Situated on a premier 7,070 sq ft corner lot with highly sought-after R-3 zoning, it features four beautifully updated units and four garages: three spacious 1BR/1BA single-story units with soaring 9 ft ceilings, and a 2BR/1BA unit located above the garages, with two garages expertly converted into a 420 sq ft office with a full bath. One of the front 1BR units is elegantly furnished and currently operated as a successful 30+ day vacation rental, showcasing the exceptional finishes and rental potential available throughout. With strong income already in place and unmatched walkability, this turnkey property offers incredible flexibility"live in one unit and rent the others, increase rental revenue in a high-demand market, or redevelop the property into four luxury coastal homes that could each be sold individually for tremendous upside. Trophy opportunities like this in Coronado are few and far between"dont miss the chance to make this exceptional investment property yours.
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School Ratings & Info
Description
A rare opportunity to own a fully remodeled legacy property in the iconic Isle of Coronado, just 2.5 blocks from the sparkling white-sand beaches and steps to top-rated restaurants, boutique shopping, lively bars, and the Coronado Ferry for direct access to downtown San Diego & Petco Park. This timeless 1937 coastal income property has been completely redone from top to bottom while preserving its classic charm. Situated on a premier 7,070 sq ft corner lot with highly sought-after R-3 zoning, it features four beautifully updated units and four garages: three spacious 1BR/1BA single-story units with soaring 9 ft ceilings, and a 2BR/1BA unit located above the garages, with two garages expertly converted into a 420 sq ft office with a full bath. One of the front 1BR units is elegantly furnished and currently operated as a successful 30+ day vacation rental, showcasing the exceptional finishes and rental potential available throughout. With strong income already in place and unmatched walkability, this turnkey property offers incredible flexibility"live in one unit and rent the others, increase rental revenue in a high-demand market, or redevelop the property into four luxury coastal homes that could each be sold individually for tremendous upside. Trophy opportunities like this in Coronado are few and far between"dont miss the chance to make this exceptional investment property yours.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-12T00:26:58.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.