349 G Avenue, Coronado, California 92118, Coronado, 92118 - 7 bed, 5 bath

349 G Avenue, Coronado, California 92118 home-pic-0
ACTIVE$4,000,000
349 G Avenue, Coronado, California 92118
7Beds
5Baths
4,634Sqft
7,000Lot

Price Vs. Estimate

The estimated value ($4,000,000) is $0 (0%) lower than the list price ($4,000,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Middle School: Coronado Middle School (9/10). High School: Coronado High School (10/10).
Top Cons:
Potential for Significant Renovation/Investment: The description 'ready for your vision' and the 1986 build year of the front home suggest that substantial capital investment may be required to modernize or customize the property to its full potential.

Compared to the nearby listings

Price:$4.00M vs avg $3.50M (+$503,000)65%
Size:4,634 sqft vs avg 2,416 sqft91%
Price/sqft:$863 vs avg $1.5K3%

More Insights

Built in 1986 (39 years old).
Condition: This property consists of two distinct units with vastly different conditions. The front home, built in 1986, features a largely original interior with dated kitchens and bathrooms (white laminate cabinets, tile countertops, older appliances, 1980s-style tile floors and vanities). The flooring is a mix of older carpet, tile, and some hardwood, and light fixtures appear original. While functional, this unit requires significant cosmetic and functional updates to meet current standards. In contrast, the rear home has been extensively renovated recently with a new roof, stucco, new LVP flooring, fresh paint, and modern kitchens (white shaker cabinets, stainless steel appliances, quartz countertops, subway tile backsplash) and updated bathrooms. However, the overall property score is heavily influenced by the larger front unit's condition, which necessitates substantial renovation, placing the property in the 'Fair' category despite the excellent condition of the rear unit.
Year Built
1986
Close
-
List price
$4M
Original List price
$4.2M
Price/Sqft
$863
HOA
-
Days on market
-
Sold On
-
MLS number
250038686SD
Home ConditionFair
Features
Good View:
Deck
Patio
View-

About this home

Ever dream of your own massive Coronado family compound? Or perhaps you have envisioned private Coronado living in a 3000+sqft home all while renting out a 3BD rear house for solid offset income? Well 349-351 G is the property you’ve been waiting for! The 3042sqft 4BD/2.5BA front home features an expansive and open downstairs, 2 outdoor spaces, large bedrooms, a generous west-facing upstairs balcony patio, and a two-car garage with 4 driveway spots! The 1592sqft 3BD/1.5BA rear home features a new roof, new stucco, new floors, and new paint. Between both homes, that's a whopping 4634sqft of livable space! Even better is the fact that the 7000sqft R1B lot has a super rare double driveway set-up: one off of G Avenue and the other off the alley! That means attached garages in both homes! With construction costs rising and city requirements looming, having two well-designed, large structures in place with ample parking just makes sense. And after your personal use of the existing structures, the underlying splittable lot offers an amazing cash-out opportunity. Both units are vacant and ready for your vision! Come see this rarely seen 2-on-1 Coronado property!

Nearby schools

8/10
Village Elementary School
Public,K-50.3mi
9/10
Coronado Middle School
Public,6-80.2mi
10/10
Coronado High School
Public,9-120.4mi
Condition Rating
Fair

This property consists of two distinct units with vastly different conditions. The front home, built in 1986, features a largely original interior with dated kitchens and bathrooms (white laminate cabinets, tile countertops, older appliances, 1980s-style tile floors and vanities). The flooring is a mix of older carpet, tile, and some hardwood, and light fixtures appear original. While functional, this unit requires significant cosmetic and functional updates to meet current standards. In contrast, the rear home has been extensively renovated recently with a new roof, stucco, new LVP flooring, fresh paint, and modern kitchens (white shaker cabinets, stainless steel appliances, quartz countertops, subway tile backsplash) and updated bathrooms. However, the overall property score is heavily influenced by the larger front unit's condition, which necessitates substantial renovation, placing the property in the 'Fair' category despite the excellent condition of the rear unit.
Pros & Cons

Pros

Great Schools: Middle School: Coronado Middle School (9/10). High School: Coronado High School (10/10).
Exceptional Income/Multi-Generational Potential: The property features two distinct, substantial homes (4BD/2.5BA front, 3BD/1.5BA rear) on one lot, offering significant rental income offset or flexible multi-generational living arrangements.
Significant Development Opportunity: The 7000 sqft R1B lot is described as 'splittable,' presenting a rare future cash-out or development opportunity in a prime Coronado location.
Abundant & Flexible Parking: A unique double driveway setup (G Avenue and alley access) with attached garages for both homes and additional driveway spots provides superior parking capacity.
Prime Coronado Location with Top Schools: Situated in the highly desirable Coronado Village, with excellent proximity to top-rated public schools (Coronado Middle 9/10, Coronado High 10/10, Village Elementary 8/10).
Extensive Livable Space & Recent Updates (Rear Unit): A combined 4634 sqft of living space across both units, with the rear unit benefiting from recent upgrades including a new roof, stucco, floors, and paint.

Cons

Potential for Significant Renovation/Investment: The description 'ready for your vision' and the 1986 build year of the front home suggest that substantial capital investment may be required to modernize or customize the property to its full potential.
Vacant Units & Carrying Costs: Both units are currently vacant, meaning no immediate rental income for a new owner and potential carrying costs until tenants are secured or the property is fully occupied.
High Entry Price Point: The $4,000,000 list price represents a substantial investment, which naturally narrows the pool of prospective buyers for this unique property.

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