Historic 6-Unit Apartment
For Sale
$4,700,000
1042-1050 Adella Ave, Coronado, CA 92118
1909-vintage building with grandfathered studio and 1-bedroom units, individual entrances, on-site laundry, and two courtyards.
Lot Size0.14 Acres
Days on Market58
Property Features for 1042-1050 Adella Ave
General Information
Standard status
Active
Lot size
0.14 Acres
Property subtype
Investment
Zoning
R-1
Additional Details
Multifamily Units
6
Amenities
on-site laundry
bike storage
courtyards
Building Details
Year Built
1909
Construction
Vernacular
Tenancy
Multi
Listing Agency:
(619) 729-4301
Listed By:
Julie Bourne
(619) 729-4301
Source:
Elliman
Added: Jun 4
Changed: Jul 22
Last Checked: Jul 31 at 11:58AM
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 Julie Bourne
Investment Insights
Based on property information with market context.
Adella Apartments is a 1909 vintage, grandfathered six-unit apartment building with a unit mix of two studios and four 1-bedroom residences. The current configuration is supported by demising walls constructed from the original dwelling, creating separate apartments with direct, individual access. Interior features include original details such as prominent wood entry stair access, hardwood floors, brick fireplace (non-operational) and built-in elements noted in the residences, plus updated finishes in select units such as renovated kitchen and bath features.
The property is currently zoned as R-1 Residential. The site includes a long, narrow driveway that is not currently used for parking and provides access to the enclosed staircase areas serving certain units. The rear structure includes an upper-level 1-bedroom with an enclosed balcony and access to a lower-level courtyard, along with ground-level multiple-storage units that may be converted into a garage. Tenants share on-site laundry, bike storage, and two courtyards as communal areas.
Unit floor plans are available in the photo gallery.
The property is currently zoned as R-1 Residential. The site includes a long, narrow driveway that is not currently used for parking and provides access to the enclosed staircase areas serving certain units. The rear structure includes an upper-level 1-bedroom with an enclosed balcony and access to a lower-level courtyard, along with ground-level multiple-storage units that may be converted into a garage. Tenants share on-site laundry, bike storage, and two courtyards as communal areas.
Unit floor plans are available in the photo gallery.
Key Highlights
- 1909‑vintage Adella Apartments with 6 total units: 2 studios and 4 1‑bedroom apartments (grandfathered use)
- Demising walls from the original dwelling create the current 6‑unit configuration; includes multiple residences with direct, individual access
- 6,000 SF lot with two courtyards as communal areas and on‑site laundry plus bike storage
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 1909-vintage building with grandfathered studio and 1-bedroom units, individual entrances, on-site laundry, and two courtyards.
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 $4,700,000.
What are key features of this property?
This property features: 1909‑vintage Adella Apartments with 6 total units: 2 studios and 4 1‑bedroom apartments (grandfathered use); Demising walls from the original dwelling create the current 6‑unit configuration; includes multiple residences with direct, individual access; 6,000 SF lot with two courtyards as communal areas and on‑site laundry plus bike storage
