RealKey
‪(213) 433-7766‬

241 243 F Avenue, Coronado, California 92118, Coronado, 92118 - 6 bed, 4 bath

241 243 F Avenue, Coronado, California 92118 home-pic-0
ACTIVE$3,695,000
241 243 F Avenue, Coronado, California 92118
6Beds
4Baths
2,343Sqft
Lot
Year Built
1943
Close
-
List price
$3.69M
Original List price
$3.69M
Price/Sqft
$1,577
HOA
-
Days on market
-
Sold On
-
MLS number
250030120SD
Home ConditionFair
Features
Excellent View:
Deck
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $3.69M(56th), sqft - 2343(47th), beds - 6(95th), baths - 4(53th).

Amazing opportunity to own 2 homes on 1 lot in Coronado! This unique property offers two charming residences, each featuring 3 BD and 2 BA, all set on a spacious 7,000 sq. ft. lot. The front house (243 F), built in 1943, has been nicely upgraded and boasts hardwood floors and great curb appeal. It includes convenient driveway parking and a one-car garage. The back house (241 F), constructed in 1971, is also well-maintained and offers stunning downtown views from the second-story deck. This property is zoned R1B, meaning the minimum lot size is 3,500 sq. ft., providing flexibility for future use. Additionally, the property has been deemed non-historic by the HRC, offering peace of mind for potential development or renovations. Located near shops, restaurants, the Ferry Landing and the scenic San Diego Bay, this property is perfect for investors or homeowners looking for rental income potential, convenient commute to downtown or multigenerational living. Don't miss out on this rare opportunity!

Price History

Date
Event
Price
06/10/25
Listing
$3,695,000
Condition Rating
Fair
This property consists of two homes with varying levels of updates. The front house (built 1943) has been 'nicely upgraded' with hardwood floors, stainless steel appliances in the kitchen, and a subway tile backsplash, but retains dated elements like painted cabinets and tile countertops in both the kitchen and bathrooms, along with older light fixtures. The back house (built 1971) is 'well-maintained' but shows significantly more dated features, including older white appliances, laminate countertops, and original-style cabinetry and bathroom finishes. While both homes are clean and appear functional, their kitchens and bathrooms are largely outdated in style and features, requiring substantial cosmetic updates to meet current standards. The overall condition aligns with 'Fair' as the properties are aged but maintained, with major components functional but showing signs of being outdated, and requiring minor updates or repairs.
Pros & Cons

Pros

Dual Residence Configuration: The property features two independent 3-bedroom, 2-bathroom homes on a single 7,000 sq. ft. lot, offering exceptional versatility for rental income, multi-generational living, or a live-in/rent-out strategy.
Prime Coronado Location: Located in the highly desirable Coronado Village, providing convenient access to local shops, restaurants, the Ferry Landing, and the scenic San Diego Bay.
Development & Renovation Potential: Zoned R1B with a non-historic designation, offering significant flexibility for future development or extensive renovations without historical restrictions, given the 3,500 sq. ft. minimum lot size per unit.
Income-Generating Asset: Explicitly marketed as ideal for investors seeking rental income or homeowners looking to offset mortgage costs, leveraging the two separate residences.
Desirable Views & Curb Appeal: The back house offers stunning downtown views from its second-story deck, while the front house boasts hardwood floors and strong curb appeal.

Cons

Age of Structures: The front house was built in 1943 and the back house in 1971, suggesting potential for older systems or components that may require ongoing maintenance or future capital expenditures.
Listing Price vs. Estimated Value: The current list price of $3.695M is approximately 4% higher than the property's estimated value of $3.517M, which could impact buyer perception and negotiation leverage.
Ambiguity of Upgrades: While described as 'nicely upgraded' and 'well-maintained,' the specific scope, recency, and quality of renovations are not detailed, potentially leading to unforeseen expenses for a buyer.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state