Very unique multi-unit Coronado property coming soon! Rare development/ income property investment opportunity. The property consists of 2 separate lots and has room to improve upon the existing non-conforming use. There are 4 units, 3 garages, and 1 carport. Available excess parking allows you to stay within Coronado Zoning Code to improve upon the non- conforming use and maintain it as a rental income property. Current tenants are month to month and long time Owner maintains under market rents. Upgrading and improving the existing units will provide the opportunity to maximize rents and improve annual gross income by + 45%. Lot is approximately 7,000 SqFt (Buyer to verify) and appears to be 2 separate lots. Per Coronado Zoning Code, minimum 3,500 SqFt lot which allows for single family homes with carriage house or a duplex. Seller will entertain offers between $1,849,000 and $2,299,000. Please do not disturb current tenants. Showings available by appointment. Contact David Waitley Company for showings and more information.