349-351 G Ave, Coronado, CA 92118

Property Description

Well away from the mixed-zoning bustle of Orange Avenue, the uniquely open intersection of Palm and G adds privacy for nearby homes and greatly decreases the influence of traffic from 4th Street. 349-351 G is a Coronado Village 2-on-1 that was built with maximum size and efficiency in mind and is absolutely primed for value-add improvement. The 7000sqft R1B lot offers a very rarely seen configuration: a double-wide driveway off of G Avenue as well as private alley access for the rear unit; so both homes have attached garages and private entry. With construction costs rising and city requirements looming, having two well-designed, large structures in place with ample parking pays quick dividends (although you can re-develop entirely and build two new side-by-side homes - buyer to verify). The front home is a large 3042sqft 4BD/2.5BA home built in 1986 and features an expansive and mostly open downstairs with 2 sliding windows to enclosed outdoor spaces, large bedrooms, and a generous west-facing upstairs balcony patio that orients perfectly to catch sunset light. The rear home is a 1592sqft rent-ready 3BD/1.5BA built in 1960 that was renovated in 2024, including new roof, new stucco, new floors, and new paint. Between both homes, that's a whopping 4634sqft of livable space, or roughly 66% FAR (floor area ratio)! Whether living in one and renting the other, cash-flowing both homes as an investor, re-developing into two new homes, or turning the entire property into a memory-making family compound, you have a massive head start towards strong equity and generational wealth.