1113 Adella Ave., Coronado, CA 92118 - 220007346 - iPro Real Estate
iPro Real Estate

iPro Real Estate

1113 Adella Ave.
Coronado, CA 92118

Active, Multi-Family/Income Sale

For Sale

$8,000,000 $3,200.00 per sqft

Free Professional CMA

Listing ID : 220007346

  • Beds

    6
  • Baths

    4/1
  • Structure

    2,500 Sqft
  • Year

    1949

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.

Details

Type: Multi-Family/Income Sale 
MLS Area: South Bay 
County: San Diego 
Tax ID: 5375701000
Building Name: N/a 
Building Size: 2,500 SqFt 
Cap Rate: 3% 
Net Operating Income: $269,299 
Days on Market: 244 
Appliances: Dishwasher, Range/Oven, Refrigerator 
Heating: Forced Air 
Number of Units: 2 
Property Type: Residential Income 
Roof: Concrete 
Sub Type: Multi Family 
Zoning: HM 

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Interactive

32.682201 -117.177063 $8,000,000 220007346
1113 Adella Ave., Coronado, CA 92118
Directions to here from:

Area Information 92118

Population:

17,427 Up .07% since 2010
Average Income:
$179,390
Average Age:
47Years
Gender:
50.29%Male
49.71%Female
Households:
7,28225.49% with children
Average Value:
$2,104,050
Occupancy:
49.72%Owned
50.28%Rented
20.34%Vacant
Education:
8.81%High School
9.19%Associate
31.96%Bachelor
30.02%Graduate
Average Residency:
19Years
Crime Rate:
Average
Annual Rainfall:
9.6Inches
Earthquake Risk:
Very High
Hail Risk:
Very Low
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Below Average

History

Date Transaction Price Mortgage Amt & Lender
Date
Nov 04, 2022
Transaction
Sold - Commercial Sale220007351
Price
$8,028,000
Mortgage Amt & Lender
- -
Date
Nov 04, 2022
Transaction
Sold - Residential Income220007346
Price
$8,028,000
Mortgage Amt & Lender
- -
Date
Nov 04, 2003
Transaction
Sold - Commercial Additional36041938
Price
$1,397,423
Mortgage Amt & Lender
- -

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Listed by Carson Trujillo with Marcus & Millichap