812-820 E Ave 5 Unit Apartment Building $3,250,000 ($650,000/Unit) 2.60% Cap Rate Coronado, CA 92118

Opportunities to acquire well-located multifamily assets in Coronado remain exceptionally limited due to the community’s high barriers to entry, long-term ownership patterns, and enduring demand for coastal housing.
The Residences on E is a charming five-unit coastal apartment community ideally located in the heart of Coronado, California. Positioned on a prominent 5,088 square foot lot, the property offers an attractive blend of curb appeal, walkability, and long-term investment potential within one of Southern California’s most desirable beach communities.
The property features a highly desirable unit mix consisting of four 1-bedroom/1-bath units and one spacious 2-bedroom/1-bath unit. Residents enjoy well-maintained grounds, a peaceful courtyard setting, on-site laundry facilities, and private patios or balconies throughout the property. Located just blocks from Coronado Beach, Orange Avenue, restaurants, shops, and the Hotel del Coronado, the property provides tenants with an exceptional coastal lifestyle in one of Southern California’s premier rental markets.
The Residences on E offers investors a compelling value-add opportunity through strategic interior and exterior improvements that may support meaningful future rental growth. Held by the same family for more than 30 years, the property represents a rare chance to acquire a well-located multifamily asset in one of California’s most tightly held coastal communities.