$4,500,000

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 details of 1048 and 1050 residences provide worthwhile consideration of an opportunity to convert this exceptional property back to its original single-family dwelling use. Residence 1046 offers a charming 1 bedroom/1Bath, living/dining area and a darling kitchen with tile countertops, open shelving, beadb