812-20 E Ave Coronado, CA 92118

The Residences on E is a centrally located five-unit apartment community in the highly desirable rental market of Coronado, California. Situated on a 5,088 square foot lot, the property features an attractive unit mix of four 1-bedroom/1-bath units and one spacious 2-bedroom/1-bath unit. Residents enjoy well-maintained grounds with a peaceful courtyard, on-site laundry, and patios or balconies for each unit. The property is ideally positioned in central Coronado, just blocks from the beach, Orange Avenue, and the island's many shops, restaurants, and attractions. While the property has been well maintained, a clear value-add opportunity exists through interior and exterior renovations that could support higher rents. In addition, the approximately 598 square foot garage area presents the potential to add a sixth unit through California's ADU program (Buyer to Verify). Held by the same family for over 30 years, The Residences on E offers investors the opportunity to enhance value and capitalize on Coronado's strong and consistent rental demand.