For Sale: 265 B Avenue, Coronado, CA 92118. 4-bedroom 1.5-bath, 1782 sf, 1935 CORONADO VILLAGE $3,340,000 begin new search
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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.

Address 265 B Avenue

Coronado, CA 92118
Listing Status ACTIVE
Asking Price $3,340,000
Original Listing $3,500,000 @ 2023-10-24
Terms Cash,Conventional,VA
Age Restriction N/K
Property Type Fee Simple
Property Restrictions None Known
Sales Restrictions N/K
Mello-Roos Fee $0
HOA Fee $0
Bedroom Entry Level, Dining Area, Dining Room/Separate, Family Room, MBR Entry Level, Other/Remarks, Kitchen, Living Room, Master Bedroom, All Bedrooms Down, Laundry
Square Footage 1782 sf
Bedrooms 4 + 0 optional
Full Bathrooms 1
Half Baths 1
Family Room 21x11
Living Room 14x23
Dining Room 12x15
Kichen 12x15
Master Bedroom 16x14
2nd Bedroom 12x12
3rd Bedroom 12x11
4th Bedroom 12x15
Directions Not Provided
Cross Street 2nd Avenue
Market Area South Bay
Neighborhood Coronado Vilage
School District Not Listed
Public Records
County San Diego
Assessor Parcel# 536-171-09-00
Zoning R1-B
Geographic Areas

Community College District: Southwestern CC

Zip Code: 92118

Highway Locator

West of I-15

West of I-5

South of I-8

West of I-805

South of SR-52

South of SR-56

South of SR-78

Ocean Distance 1.9 miles
Year Built 1935
Laundry Location Closet Stacked,Laundry Room
Elevator Not Listed
Cooling Central Forced Air, Dual
Heating Natural Gas Forced Air Unit
Sewer/Septic Sewer Connected
Fireplaces Not Listed
Equipment Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Built In Range, Gas Stove, Gas Range
Monthly Payment Calculator
Listing Source
Platform SDMLS
AOR San Diego Association of REALTORS (SDAR)
MLS Number 230020970
Courtesy of Compass
Style Detached 1 Story
Material Wood/Stucco
Lot Size 4,000-7,499 SF ~ 7,011 sf
Fencing Full,Gate,Wood
Topography Level
Roof Shingle
Swimming Pool N/K
Total Spaces: 7
Garage Spaces: 2
Non-Garage Spaces: 5 - Detached,Uncovered,Driveway - Concrete,Side by Side
View Not Listed