1113
Adella Ave,
Coronado,
California
CA
92118
$8,028,000 Sold For
SOLD Status
220007346 Listing ID
Status SOLD
Sold Date 11/04/2022
County San Diego
Year Built 1949
Property Type 2-4 Units
2-4 Units
Primary Features
County:
San Diego
Property Type:
2-4 Units
Year Built:
1949
Zoning:
HM
Interior
Cooling:
Central Forced Air
Heat Equipment:
Forced Air Unit
Levels:
2 Story
Total Stories:
2
Unit 1 Estimated SqFt:
1500
Unit 1 Laundry Hook Ups:
Common
Unit 1 Number of Bedrooms:
3
Unit 1 Number of Full Baths:
3
Unit 1 Number Total Baths:
3
Unit 2 Estimated SqFt:
1000
Unit 2 Laundry Hook Ups:
Common
Unit 2 Number of Bedrooms:
3
Unit 2 Number of Full Baths:
1
Unit 2 Number of Half Baths:
1
Unit 2 Number Total Baths:
2
Unit Number for Unit 1:
100
Unit Number for Unit 2:
200
External
Complex Features:
BBQ, Gated Community
Entry Only:
no
Exterior:
Stucco
Fencing:
Full
Lot Size:
4,000-7,499 SF
Neighborhood:
Coronado
Number of Buildings:
1
Number of Furnished Units:
2
Number of Units:
2
Number of Units w/Patios:
2
Number of Units w/Range/Oven:
2
Number of Units w/Refrigerator:
2
Number Units w/Cooling:
2
Number Units w/Dishwashers:
2
Parking Non-Garage Unit 1:
Assigned, Tandem
Parking Non-Garage Unit 2:
Assigned, Tandem
Roof:
Concrete
Sewer/Septic:
Sewer Connected
Location
Complex/Park:
N/A
Country:
United States
Market Area:
South Bay
Zip/Area:
CORONADO (92118)
Additional
Miscellaneous:
Value in Land
Property Type:
2-4 UNITS
Supplement:
Coronado Carriage Quarters is located at 1113 Adella Avenue, just across the street from the world renown Hotel Del Coronado and the Pacific Ocean. Investors may continue to operate this profitable vacation rental as is or redevelop the site to maximize zoning potential. The hotel/motel zoning designation allows for a variety of uses and this designation is exclusive to only two spots on the island. This luxury property features 2 spacious residences: (1) 3-bedroom/3-bathroom and (1) 3-bedroom/1.5-bathroom. Each residence is located on its own floor and is rented fully furnished for guests. The property has been elegantly renovated with high end finishes and features a modern interior design. Guests enjoy access to a private communal courtyard, off street parking (5 spaces), and central heating and air conditioning. Coronado is one of the most exclusive real estate markets in Southern California making 1113 Adella a generational asset. Across the street from the #1 ranked beach in the United States, this legacy property is positioned for a high level of appreciation in the years to come.
Financial
Age Restrictions:
N/K
Annual Expense Actual:
174630
Cap Rate Actual:
3.37
Financing:
Cash
Gross Rent Multiplier Act:
14.24
Gross Scheduled Income Actual:
561936
Sale/Rent:
For Sale
Sales Restrictions:
N/K
Short Sale:
no
Tenant Pays:
N/K
Terms:
Cash, Conventional, Exchange
Zoning Info
Area Info
Contact - Listing ID 220007346
Gloria Roma
San Diego, CA 92123
Phone: 619-993-3734
Data services provided by IDX Broker
