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Residential Income for sale : 4 bedrooms : 406-408 & 408B E Ave in Coronado

406-408 & 408B E Ave Coronado

Main Photo: Residential Income for sale : 4 bedrooms : 406-408 & 408B E Ave in Coronadobanner
$3,396,235
Prop. Type:
Residential Income
MLS® Num:
250045788
Status:
Active
Bedrooms:
4
Bathrooms:
5
Year Built:
999
Rare Coronado multi-unit investment opportunity. Properties like this seldom come to market, especially after being held long-term by the same ownership. This unique three-unit compound features a detached front 2-bedroom cottage, a spacious and light-filled 2-bedroom townhouse above, and a ground-floor studio plus a two-car garage at the rear. The upper townhouse offers generous living spaces and a sunny private terrace, ideal for long-term or premium rental appeal. The downstairs studio is perfectly suited for independent living, with strong demand potential for local military personnel utilizing off-base housing allowances. The front cottage is primed for thoughtful remodeling and offers a fantastic floorplan, entertaining sized front yard and a secluded patio in the back. Ideally located just a couple blocks to the schools, Concert In The Park, shopping, and easy transit, this is an excellent owner-occupant or value-add investment in one of Southern California’s most supply-constrained markets. Property is part of an estate sale and will convey as is.
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
2
County Or Parish:
San Diego
Market Area:
South Bay
Neighborhood Code:
Coronado Village
Name of Complex/Subdivision:
CORONADO VILLAGE
Building Name:
NA
Total Building Area:
Switch units of measure2,600 sq. ft.
Total Floor Area:
Switch units of measure0 sq. ft.
Total Bedrooms:
4
Bathrooms:
5
Full Bathrooms:
4
Half Bathrooms:
1
Stories:
3 Story
Total Stories:
3
Year Built:
999
Age (in years):
Switch units of measure1,026 year(s)
Short Sale:
false
Home Owner Fees:
$0
Mello Roos Fee:
$0
Other Fees:
$0
Monthly Total Fees:
$0
Terms:
Cash, Conventional, VA
Cap Rate.:
2.75
Gross scheduled income:
135000.0
Other income actual:
0
Operating expense:
41604.0
Gross Rent Multiplier:
300.0
Number of Units:
3
Number of Units with Cooling:
0
Tenant pays:
Cable TV, Electricity, Gas/Propane
Unit Number for Unit 1:
406
Unit Number for Unit 2:
408
Unit Number for Unit 3:
408B
Projected Rent for Unit 1:
$5,000
Projected Rent for Unit 2:
$6,250
Projected Rent for Unit 3:
$2,250
From Orange Ave go West on 5th, then Right on E Ave. Property will be on the Left.
Elementary School District:
Coronado Unified School District
Junior High School District:
Coronado Unified School District
High School District:
Coronado Unified School District
Site Influences:
Alley Access, Curbs, Public Street, Sidewalks, Street Paved, West of I-5, West of 101
View:
City, Evening Lights, Other/Remarks
Special Listing Conditions:
N/K
Age Restrictions:
N/K
Construction Material:
Stucco
Lot Size:
Switch units of measure3,485 sq. ft.
Parcel Number:
536-293-18-00
Cooling:
N/K
Utilities:
Sewer Connected
Roof:
Composition
Security:
N/K
Water supply:
Meter on Property
Assessments:
N/K
Pets Allowed:
Yes
Fencing:
Full
Jurisdiction:
Incorporated
Listed by eXp Realty of California, Inc
Data was last updated December 16, 2025 at 01:10 PM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego Multiple Listing Service, Inc.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego Multiple Listing Service, Inc.