Such massive upside on this uniquely developable property! 265 B will flourish as a multi-unit investment, or as a primary home with profitable options to expand into a family compound. Thanks to a legally non-conforming garage with no setbacks, an unexpectedly large area of land remains behind the front house and a rare front curb cut off of B Avenue offers private and easy access to that area. The proposed ADU is an impressive 1000sqft 3BD/2BA with a great room and vaulted ceilings, and it is all single story, simplifying engineering and build costs. The proposed 200sqft master retreat addition to the front house will transform the master bedroom into a highly desirable ensuite bedroom with a walk-in closet. Once built the ADU rent income will significantly offset your mortgage to the tune of $6000+/month, and if cash-flowing both units, you would be looking at $14,000+/month in cash income! All plans are on pace to be approved mid-January! As the property is now, the deeply renovated 1750sqft 4BD/1.5BA main house offers charm and character with a high degree of functionality and is comfortably insulated from 3rd Street. The home has entirely new plumbing and electrical, new windows, new floors, new HVAC and AC, new bathrooms, new hardscaping, new Santa Barbara style stucco, new perimeter cedar fencing, a new roof on the garage, and 3 new parking spots! With all plans built out, the finished product would result in 7 bedrooms and 5.5 baths across two single story units with 6+ off-street parking spots. That's maximum efficiency for a 7000sqft R1-B lot in Coronado! Main Home Renovation details: New modern plumbing including the underground main line from the house to main in the alley. New modern electrical throughout. New kitchen including cabinets and plumbing. Converted dining room to 4th bedroom. New double paned windows. New Santa Barbara style exterior stucco. New bathrooms including plumbing/shower. Modernized central AC and heating. New LVP flooring. Finish carpentry door/window trim. New cedar fence surrounding property including gates. New hardscape to create 3 off street parking spots. New landscaping including automated drip system. New tankless water heater. New roof on garage.