6-Unit Apartment
For Sale
$4,500,000
1042 1050 Adella Ave, Coronado, CA 92118
Adella Apartments offers six residences, including two studios and four 1-bedroom units, with individual exterior access.
Property Size3,900 SF
Lot Size0.14 Acres
Days on Market96
Property Features for 1042 1050 Adella Ave
General Information
Standard status
Active
Size
3,900 SF
Lot size
0.14 Acres
Property subtype
Investment
Zoning
R-1
Additional Details
Multifamily Units
6
Amenities
on-site laundry
bike storage
two courtyards
Building Details
Building Size
3,900 SF
Year Built
1909
Units
6
Construction
Vernacular
Tenancy
Multi
Listing Agency:
(619) 985-7369
Listed By:
Penny Nathan
(619) 985-7369
Source:
Elliman
Added: May 10
Changed: Aug 7
Last Checked: Aug 13 at 10:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Penny Nathan
Investment Insights
Based on property information with market context.
Adella Apartments (1042–1050 Adella Avenue) is a 1909-vintage apartment building featuring a grandfathered unit mix of two studios and four 1-bedroom residences within a current 6-unit configuration. The floor plan reflects the original dwelling layout with demising walls creating the present apartments. Several units retain original interior character, including wood entry staircase access in one residence and notable period details such as hardwood flooring and a brick fireplace (non-operational) in another. Kitchens and baths vary by unit, with at least one residence described as having an updated kitchen, and another rear unit noted with a recently renovated bath and kitchen. Each residence has direct, individual access.
The property is currently zoned as R-1 Residential and sits on a 6,000-square-foot lot. Unit access includes enclosed stair elements adjacent to the driveway for certain residences, while the rear structure provides an upper-level 1-bedroom with an enclosed balcony off the bedroom and access to a lower-level courtyard. The lower level also includes multiple-storage units with the possibility to convert them into a garage. On-site amenities include laundry, bike storage, and two communal courtyards.
A long, narrow driveway that is not currently used for parking provides additional access to the site. Included floor plan diagrams are available in the photo gallery.
The property is currently zoned as R-1 Residential and sits on a 6,000-square-foot lot. Unit access includes enclosed stair elements adjacent to the driveway for certain residences, while the rear structure provides an upper-level 1-bedroom with an enclosed balcony off the bedroom and access to a lower-level courtyard. The lower level also includes multiple-storage units with the possibility to convert them into a garage. On-site amenities include laundry, bike storage, and two communal courtyards.
A long, narrow driveway that is not currently used for parking provides additional access to the site. Included floor plan diagrams are available in the photo gallery.
Key Highlights
- 1909‑built 6‑residence apartment property with 2 studios and 4 one‑bedroom units
- Grandfathered unit configuration created by demising walls from the original dwelling to form 6 apartments
- Zoned R‑1 Residential and sited on a 6,000 SF lot
Property Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,529
Businesses Nearby
Explore this area
Business Placement
Demographics for 92118, CA
20,629
Population
9,521
Households
2.2
Avg Household Size
38
Median Age
66%
College-Educated
98%
High-School Grad
7.7 sq mi
ZIP Area
2,679
Density / Sq Mi
$135,056
Median Household Income
$59,072
Median Earnings
$3,250
Median Rent
$1,998,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Adella Apartments offers six residences, including two studios and four 1-bedroom units, with individual exterior access.
Where is this apartment building located?
The property is located at 1042 1050 Adella Ave Coronado, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 1909‑built 6‑residence apartment property with 2 studios and 4 one‑bedroom units; Grandfathered unit configuration created by demising walls from the original dwelling to form 6 apartments; Zoned R‑1 Residential and sited on a 6,000 SF lot
