Sold

1113 Adella Ave

Coronado CA, 92118

$8,000,000


$1,097.09 per sqft

Sold

7,292 sqft

Unknown

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.

220007351SD

MLS ID

March 31, 2022

Listed

February 10, 2024

Updated

Map

1113 Adella Ave
Coronado CA, 92118

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.17 Acres

Other Property Details

Area Name

92118 - Coronado


Days on Market

16


Garage

No


Parking Total

5


View

No


County

San Diego


Pool

No


Zoning

HM


Buyer Agency Compensation

2%

Listing Contact: 858-373-3100 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/10/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 2/10/2024 at 7:09 AM UTC

 

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