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.

Features
Heating System:
Combination Heating
Cooling System:
Wall/Window
Fence:
Gate, Cross Fencing
Utilities:
Sewer Connected
Address Map
Country:
US
State:
CA
County:
SD
City:
Coronado
Community:
Coronado (CNADO)
Zipcode:
92118
Street:
3rd street
Street Number:
1001-11
Longitude:
W118° 49' 30.9''
Latitude:
N32° 41' 47.2''
Directions:
Go straight over the bridge and pass Orange st , property on the right , do not disturb the tenants
Mls Area Major:
South Bay
Additional Info
Office Name:
Broker Groves, Inc
Agent Name:
Christoffer W Groves
Additional Information
Building Size:
1400
Construction Materials:
Stucco
Levels:
Split Level
Number Of Units Total:
4
Listing Information
List Agent Mls Id:
659143
List Office Mls Id:
8763
Listing Term:
Other/Remarks
Mls Status:
ACTIVE
Modification Timestamp:
2025-11-06T18:32:01Z
Originating System Name:
SDMLS
Special Listing Conditions:
N/K

Residential Income

1001-11 3rd Street, Coronado, CA 92118

5 Bedrooms
4 Bathrooms
$4,490,000
Listing ID #250043436
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Listing ID :
250043436
Price :
$4,490,000
Bedrooms :
5
Bathrooms :
4
Year Built :
1935
Status :
Active
Full Bathrooms :
4
Property Sub Type :
Res Income 2-4 Units
Roof:
Composition
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