Property Description

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.

Features
Cooling System:
N/K
Fence:
Full
Utilities:
Sewer Connected
Address Map
Country:
US
State:
CA
County:
SD
City:
Coronado
Community:
CORONADO VILLAGE
Zipcode:
92118
Street:
E Ave
Street Number:
406-408 & 408B
Longitude:
W118° 49' 20.2''
Latitude:
N32° 41' 43.4''
Directions:
From Orange Ave go West on 5th, then Right on E Ave. Property will be on the Left.
Mls Area Major:
South Bay
Neighborhood
Elementary School District:
Coronado Unified School District
High School District:
Coronado Unified School District
Middle Or Junior School District:
Coronado Unified School District
Additional Info
Office Name:
eXp Realty of California, Inc
Agent Name:
Ken Pecus
Additional Information
Building Size:
2600
Construction Materials:
Stucco
Levels:
3 Story
Number Of Units Total:
3
On Market Date:
2025-12-15
Stories Total:
3
Virtual Tour:
https://show.tours/4fVPkzCV
Water Source:
Meter on Property
Listing Information
List Agent Mls Id:
2080
List Office Mls Id:
992145
Listing Term:
Cash,Conventional,VA
Mls Status:
ACTIVE
Modification Timestamp:
2026-01-02T19:38:55Z
Originating System Name:
SDMLS
Special Listing Conditions:
N/K

Residential Income

406-408 & 408b E Ave, Coronado, CA 92118

5 Bedrooms
5 Bathrooms
$3,396,235
Listing ID #250045788
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Listing ID :
250045788
Price :
$3,396,235
View :
City,Evening Lights,Other/Remarks
Bedrooms :
5
Bathrooms :
5
Half Bathrooms :
1
Year Built :
2005
Status :
Active
Full Bathrooms :
4
Property Sub Type :
Res Income 2-4 Units
Roof:
Composition
Contact Agent
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