Coronado, CA 92118,1113 Adella Ave
Coronado, CA 92118,1113 Adella Ave
Coronado, CA 92118,1113 Adella Ave
$8,028,000
Est. payment /mo
$8,000,000
0.4%
Est.Price: ?

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7,291 Sqft Lot
SOLD DATE : 11/04/2022

Key Details

Sold Price $8,028,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 220007351SD

Sold Date 11/04/22

HOA Y/N No

Lot Size 7,291 Sqft

Property Description

Pleased to present for sale Coronado Carriage Quarters, a 2-suite luxury vacation rental on Coronado Island with attractive future redevelopment potential. Resting on a 7,294 SF lot, this property offers 2,920 SF of current rentable area. This unique opportunity has a rare hotel/motel zoning designation enabling investors to capitalize on short term rentals in one of the top destinations for tourism in the United States. Anywhere on the Island outside of this zoning requires a 26-night minimum. 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.

Location

State CA

County San Diego

Area 92118 - Coronado

Zoning HM

Interior

Fireplace No

Exterior

Total Parking Spaces 5

Others

Tax ID 5375701000

Financing Cash

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California Regional MLS (CRMLS)
Listed by Carson Trujillo • Marcus & Millichap
Bought with Maria Lopez • Mr Agent RE

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Max Chuong Thai

+1(323) 309-3423

Agent | License ID: 02134406

Agent License ID: 02134406

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