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1042-1052 Adella Ave 6 Unit Apartment Building $6,409,202 CAD ($1,068,200 CAD/Unit) 2% Cap Rate Coronado, CA 92118
Executive Summary
Probate Sale- Property built in 1909 converted into 6 apartments. Unit mix is 1 studio and 5 1-bedroom units. Current zoning is R-1A. Tier 1 Historic designation requires historic review and may qualify for Mills Act. 1 Vacant unit, 4 month to month and 1 lease terms 2/31/2027.
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- Operating and Financials
Property Facts
| Price | $6,409,202 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,068,200 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 2% | Building Size | 5,942 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1909 |
| Property Subtype | Apartment | ||
| Zoning | R1A - Originally zoned R3; Currently zoned R1A | ||
| Price | $6,409,202 CAD |
| Price Per Unit | $1,068,200 CAD |
| Sale Type | Investment |
| Cap Rate | 2% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,942 SF |
| No. Stories | 2 |
| Year Built | 1909 |
| Zoning | R1A - Originally zoned R3; Currently zoned R1A |
Amenities
Site Amenities
- Laundry Facilities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 5 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 537-462-06 | Improvements Assessment | $73,358 CAD |
| Land Assessment | $93,523 CAD | Total Assessment | $166,881 CAD |
Property Taxes
Parcel Number
537-462-06
Land Assessment
$93,523 CAD
Improvements Assessment
$73,358 CAD
Total Assessment
$166,881 CAD
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1042-1052 Adella Ave
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