1111 Adella, Coronado, CA 92118

$5,775,000
3
BD
Sold Price
$5,775,000
List Price
$6,295,000
Closing Date
Jul 31, 2019
Days on Market
87
Status
SOLD
MLS#
190021311
Bedrooms
3
Lot Size(Range)
.25 Acres or less
Lot Size(apprx.)
12,898
City
Coronado
Property Type
Multifamily

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**

Additional Information

Construction
Frame, Lath/Plaster
Cooling
Wall/Window
Financing
Cash to New Loan
Lot Size
12,898
Lot Size Range
.25 Acres or less
Roof
Tar & Gravel
Stories
2 Story
Style
Com-Res Income

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Acre Investment Real Estate

Selling Office: Pacific Sotheby's Int'l Realty.

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