52
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$4,490,000
Est. payment /mo
5 Beds
4 Baths
New
1001-11 3rd street Coronado, CA 92118
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Coronado (Cnado)
MLS Listing ID 250043436
Bedrooms 5
Full Baths 4
Year Built 1935
Property Sub-Type Res Income 2-4 Units
Property 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—don't miss the chance to make this exceptional investment property yours.
Location
State CA
County San Diego
Area South Bay
Direction Go straight over the bridge and pass Orange st , property on the right , do not disturb the tenants
Interior
Heating Combination Heating
Cooling Wall/Window
Fireplace No
Exterior
Fence Cross Fencing, Gate
Utilities Available Sewer Connected
View Y/N No
Roof Type Composition
Others
Tax ID 536-152-10-00
Acceptable Financing Other/Remarks
Listing Terms Other/Remarks
Listed by Christoffer W Groves Broker Groves, Inc
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