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.
- Cooling System:
- N/K
- Fence:
- Full
- Utilities:
- Sewer Connected
- 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
- Elementary School District:
- Coronado Unified School District
- High School District:
- Coronado Unified School District
- Middle Or Junior School District:
- Coronado Unified School District
- Office Name:
- eXp Realty of California, Inc
- Agent Name:
- Ken Pecus
- 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
- 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
- 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