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1015 Alameda Boulevard
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1015 Alameda Boulevard

Dbottom 20%

Coronado, CA 92118

$13,500,000
STR closed · Coronado: 26-night minimum

Pass at asking: -$92,552/mo full cashflow at 20% down, 7.43% rate.

Works at $1,449,558 (89% under asking); even all cash loses money at asking.

Rent $14,459/mo from 10 leases of houses within 0.5 mi, same school area, size-adjusted ($11,705–$29,375).

Beds

6

Baths

5.5

Sqft

5,186

Year Built

1915

Days on Market

154

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2604444

This property is in Coronado (92118). Browse neighborhood analytics →

Virtual Tour

About This Property

An opportunity to own a distinguished historic Coronado residence designed by the renowned architect, Richard Requa.This exceptional 6 bedroom, 5.5 bath residence lives in approximately 5,186 square feet on a 8,389 square foot corner lot in the heart of Coronado Village, just moments from the Coronado Beach. Thoughtfully enhanced to showcase Requa's signature Spanish Colonial Revival, Mediterranean & Moorish Castle influences through original wood & stone elements, the Moorish ceiling details, custom millwork, skillfully carved stone fireplaces and abundant natural light draws a seamless indoor-outdoor living. Designated under the Mills Act, the property may offer significant property tax advantages while preserving its legendary historic character.

Mortgage Calculator

Est. Monthly Payment

$92,436

Principal & Interest$74,998
Property Tax$13,500
Insurance$3,937
%($2,700,000)
%
Loan Term

Location

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Zoned Schools

  • Middle

    Coronado Middle · grades 6-8 · Coronado Unified

  • High

    Coronado High · grades 9-12 · Coronado Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Comparable Properties

5 comps found

This Property

$14,459

vs

Comp Average

$12,584

901 Country Club Ln

901 Country Club Ln

6bd / 7.5ba · 4,842 sqft · Single Family

$10.89M

Est. $13,971/mo

820 Glorietta Blvd

820 Glorietta Blvd

5bd / 4.5ba · 5,517 sqft · Single Family

$9.30M

Est. $12,307/mo

920 Balboa Avenue

920 Balboa Avenue

6bd / 4.5ba · 4,254 sqft · Single Family

$8.69M

Est. $13,095/mo

1130 Pine Street

1130 Pine Street

6bd / 5ba · 3,753 sqft · Single Family

$14.75M

Est. $12,300/mo

920 Cabrillo Avenue

920 Cabrillo Avenue

5bd / 4.5ba · 3,850 sqft · Single Family

$10.00M

Est. $11,249/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Short-term not available here. Coronado bans stays of 25 days or less in residential zones. See the rules

Investment Score

0D
Est. Monthly Rent
$14,459

10 leases of houses within 0.5 mi, same school area, size-adjusted · $11,705–$29,375

Monthly Cashflow

Rent − PITIA

-$77,976
Full Cashflow

Incl. vacancy, PM, maint, capex

-$92,552

What would make this work?

$92,552/mo short at 20% down; +$120,197/mo rent closes it.

Break-even price

89% under asking

$1,449,558
Break-even rent

$120,197/mo above the estimate

$134,656/mo
Cashflow at 35% down
−$78,490/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$74,998
Cap Rate
-1.50%
Cash-on-Cash
-41.13%
DSCR

Need ≥ 1.25 for DSCR loan

0.16
NOI (Annual)
-$201,967
Price-to-Rent

Lower = better for investors

77.8

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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DCashflow−$92,552/mo