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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SOLD DATE : 11/04/2022

Key Details

Sold Price $8,028,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 220007346SD

Sold Date 11/04/22

HOA Y/N No

Year Built 1949

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. Sewer: Sewer Connected Unit # for Unit 1: 100 Unit # for Unit 2: 200 Number of Furnished Units: 2

Location

State CA

County San Diego

Area 92118 - Coronado

Zoning HM

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Community Features Gated

Roof Type Concrete

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 5375701000

Security Features Gated Community

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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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