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Listed by Penny Nathan, DRE #01275714 • Ascent Real Estate
$ 4,500,000
Est. payment /mo
Price Dropped by $200K
1042 1050 Adella AVE Coronado, CA 92118
5,992 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNDP2604237
Year Built 1909
Lot Size 5,992 Sqft
Source California Regional MLS
Property Description
Welcome to Adella Apartments 1042 1050 Adella Avenue. This 1909 vintage residence offers a unit mix consisting of 2 -Studios and 4, 1- Bedroom apartment residences as grandfathered use. Currently zoned as an R-1 Residential property. An investment in a unique opportunity to acquire a premier location and an income producing asset with substantial upside by creating interior improvements to the current unit mix. The floor plan from the original dwelling had demising walls constructed creating the current 6-unit apartment configuration. Coronado historic index states the original residence as Vernacular architecture. Sited on 6,000 square foot lot. The original, remaining interior details such as the prominent wood entry staircase accessed from residence 1050 that currently leads to a spacious 1-bedroom upstairs residence secures the sensibility of years gone by. The modest front entry of residence 1048 provides an enclosed porch that leads into the beautifully appointed, large living space with gleaming hardwood floors and brick fireplace (non-operational) adjoining spacious dining room with gorgeous built-in buffet (this room is currently utilized as a bedroom), rich-toned wood beam ceiling details, wall sconces and many original details creating a quality ambiance. These detail
Location
State CA
County San Diego
Area 92118 - Coronado
Interior
Laundry Laundry Area, Community Facility
Exterior
Pool None
Building
Lot Description Zero Lot Line, Irregular, Grade - Level
Others
Tax ID 5374620600
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