221 D Avenue Coronado, CA ^$ 3,600,000

221 D Avenue

^$ 3,600,000

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Recently Listed

221 D Avenue

Coronado, CA, 92118

^$ 3,600,000

Bedrooms-- Baths-- Sq 2,970

Monthly Estimate*

^$ 22,166

Listed by Ascent Real Estate

221 D Avenue, Coronado, CA 92118 - Image 1

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221 D Avenue, Coronado, CA 92118 - Image 9

221 D Avenue, Coronado, CA 92118 - Image 10

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Commercial Property for sale in Coronado, CA

for $3,600,000. This 2,970 square foot building was built in 1955.

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.

Commercial Active

Price

^$ 3,600,000

Property Type

Commercial

Taxes

^$ 0

Style

Year Built

1955

Town/City

Coronado

County/Region

San Diego

MLS | Web ID

NDP2603721

Days on Market

Features

General

Zoning R-3

HOA Fee 0

Year Built 1955

Property Subtype Multi Family

Additional Parcels Description 5361520400

County San Diego

Net Operating Income 62419

Operating Expense 71166

Insurance Expense 7000

Property Type Commercial Sale

Contingency Probate Court NOPA to be served at acceptance of offer. Subject to court approval will require 15 days for notice period plus 5 days for mail. Executor will need time for this process. Please allow seller adequate time for this process when considering an offer escrow time. Thank you.

Special Listing Conditions Probate Listing

Status Active

Directions 5 Freeway to 75 Coronado Bay Bridge continue past Orange Ave to right on D Avenue.

City Coronado

Number Of Units Total 7

MLS Area 92118 - Coronado

Listing Terms Cash Conventional

Trash Expense 3700

Additional Parcels Y/N true

Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2603721

Standard Status Active

Property Sub Type Additional Multi Family

Cap Rate 1.73

Interior

Total Stories 1

Air Conditioning Y/N false

Heating Y/N false

Entry Level 1

Total Baths 0

Exterior

Lot Features Front Yard

Total Parking 0

Lot Size Area 7078

Number of Buildings 2

Building Area Total 2970

Lot Size Source Public Records

* Excluded Features

List By

Ascent Real Estate

Broker

pnathan@ascentpropertymanagement.com

Affordability Calculator

$22,166

Per Month

Monthly Principal & Interest: $22,166
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Coronado, CA

Average List Price ^$2,462,250

Percent of Sale Price 32%

About Coronado, CA

19,435 Population

-2% Since 2002

^$95,993 Median Income

41.14 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/17/2026	$3,600,000		Listed Price

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221 D Avenue, Coronado, CA, 92118 is a Commercial Property for sale at $3,600,000 with 2,970 sqft. 221 D Avenue was built in 1955. The property's zip code is 92118 which is in Coronado, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/22/2026. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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221 D Avenue

Commercial Property for sale in Coronado, CA

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