x
Address
1111 Adella Coronado, CA
Price
$ 6,295,000
Property Attributes
  • MLS#190021311
  • TypeIncome
  • CountySAN DIEGO
  • CityCoronado
  • AreaSouth Bay
  • NeighborhoodSouth Bay
  • Zip92118
  • Style
  • Price$ 6,295,000
  • Bedrooms3
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage8795
  • Lot Size12,898 SqFt
Listing Provided Courtesy Of:
Acre Investment Real Estate
Property Description

This is an excellent 13 unit apartment investment in Coronado, California. It is extremely rare for an asset of this size to come on the market in Coronado. The location of this property is in the most coveted area of Coronado - close to beaches, bay and the Hotel Del Coronado. This asset has been well maintained and still has that late 50's beach vibe. The unit mix is excellent, with 6 - two bedroom/one bath units, 3 - one bedroom/one bath units, and 4 studios. The rents are very close to market, and there is an opportunity to increase cash flow through improved management practices. This is the perfect opportunity for an investor to buy in one of the most coveted real estate markets in California and enjoy cash flow along with appreciation. **DO NOT WALK ON PROPERTY OR DISTURB TENANTS. SHOWN ONLY WITH AN ACCEPTED OFFER**

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
4/19/2019 Listed $6,295,000

General Features

# Of Units (1) 6
# Of Units (2) 3
# Of Units (3) 4
Construction Frame, Lath/Plaster
Sale/rent For Sale
Stories 2 Story
Tenant Pays Electric y
Tenant Pays Gas y
Tenant Pays Water n
Terms Cash, Cash to New Loan
Total Units 13
Unit Type Apartment
Zoning R4

Interior Features

Baths in Unit 1 1
Baths in Unit 2 1
Baths in Unit 3 1
Bedrooms in Unit 1 2
Bedrooms in Unit 2 1
Cooling Wall/Window
Floor Covering Tile, Wall to Wall Carpet
Floors Slab, Wood
Heating Wall

Exterior Features

Exterior All Auto Sprinklers, Cable Available, Fully Landscaped, Part Fenced
Flood Zone Hazard Unknown
Lot Size Area .25 Acres or less
Number of Buildings 1
Parking Carports, Spaces
Roof Tar & Gravel
Total Parking 13

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92118

Price
AVG $4.49M
$6.3M
Visits
AVG 73
110

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