Closed
1113 Adella Ave
Coronado CA, 92118
$8,028,000
Closed
Residential
Built in 1949
Listed by Carson Trujillo with Marcus & Millichap 858-373-3100
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
220007346SD
MLSⓇ ID
March 31, 2022
Listed
May 9, 2024
Updated
Map
1113 Adella Ave
Coronado CA, 92118
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Roof
Concrete
Other Property Details
Area Name
92118 - Coronado
Days on Market
16
Garage
No
Parking Total
0
View
No
County
San Diego
Pool
No
Zoning
HM
Buyer Agency Compensation
2%
Listing Contact: 858-373-3100
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Data last updated on 5/9/2024 at 1:15 PM UTC