Triplex Opportunity at 870 D Avenue Coronado
FOR SALE
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$4,000,000
870 D Avenue, Coronado, CA 92118
3,414 SF
Square Feet
$1,172
PPSF
2.42%
CAP
Property Description
NOI
$96,784
Cap Rate
2.42%
LOCATION! LOCATION! LOCATION! First time on market in decades, a unique opportunity presents itself in the Coronado Village at 870 D Avenue. Situated on the esteemed Island of Coronado, this triplex is a legacy asset encompassing one Victorian Single Family House (4Bedroom/ 3 Bath + Loft) and two (2 Bedroom/ 1 Bathroom) units. 870 D Avenue features fully upgraded finishes including luxury vinyl plank floors, custom cabinetry, new countertops/backslashes, laundry in unit, let alone AC in the living areas paired with modern amenities.
Nestled just blocks away from the renowned Coronado Center Beach & walking distance to all the restaurants/shops along Orange Ave., this property boasts a superb 94 Walk Score showing its prime location to all Coronado has to offer. With five off-street parking space located in the alley & an addi-tional side deck, this property offers Coronado’s charm with ease for owner-users or tenants alike. In addition, 870 D Avenue sits on a generous 7,843 square foot lot Zoned R-3, not only promising immedi-ate returns but also hinting at future development opportunities.
870 D Avenue is primed for discerning buyers seeking a slice of the rarely traded island of Corona-do. Whether it’s maximizing rental income, personal occupancy, or development, the possibilities are abundant.
Property Details
Asset Type
MultiFamily
Zoning
R-3
Lot Size
7,843 SF
Neighborhood
Coronado
Submarket
Coronado
ZIP
92118
Listing Type
sale
30 years
10 years
Net Operating Income (NOI)
$153,548
Debt Service Coverage Ratio (DSCR)
0.67x
DSCR below 1.0x — deal does not cover debt service
Cap Rate
3.84%
Cash Flow (Annual)
-$73,997
Cash-on-Cash Return
-7.40%
Monthly Debt Service
$18,962
Annual Debt Service
$227,544
View on Map
Address
870 D Avenue
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Coronado MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.