Address not disclosed Coronado, CA 92118

HUGE PRICE REDUCTION!! Rare Legacy Opportunity to own a fabulous income property located right in the heart of the famous Coronado Village. On the market for the first time in 26 years, this unique property is zoned "Commercial" with 7 residential units that have been "Grandfathered-in". Such wonderful Charm & Character... The City of Coronado does not currently regulate Short Term/Vacation rentals in Commercial zoning - so LOTS of opportunity for income upside. The front building consists of (4) One bedroom/ one bath units.. all interiors updated over the last 10-12 years. The rear building consists of three - charming studio units. The exteriors in 2020 have new 40 year Roofs, new stucco, new paint, new stairway carpeting, new landscaping, irrigation and sod. The courtyard features pavers, shared common areas, bike storage and shared coin operated laundry. 6 of the units are long term tenants with low rent - all MTM except one lease until June 2021. One unit is currently being furnished and converted to a short term rental in Dec 2020. This property is nestled into the Village and is just steps away from amazing restaurants, shopping and only 2 blocks from the Hotel Del Coronado and its famous white Sandy beaches, golf courses, tennis, etc... ultimate vacation destination! Future development possibilities in Commercial zoning.