1021 Olive Ave

1021 Olive Ave

Dbottom 20%

Coronado, CA 92118

$7,850,000
NEW — 1d

Pass at asking: -$50,215/mo full cashflow at 20% down, 7.43% rate.

Works at $1,311,993 (83% under asking); even all cash loses money at asking.

Rent $13,087/mo from 12 leases of houses within 0.5 mi, size-adjusted ($11,172–$27,729).

Beds

5

Baths

6

Sqft

4,249

Year Built

2005

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026705SD

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

About This Property

Storybook Charm on Coronado's Coveted Olive Avenue! A distinctive Coronado residence featuring a storybook roofline, handcrafted rounded dormer windows, and an impressive oversized living room fireplace. Generously proportioned interiors include a custom kitchen with butler's pantry, dual refrigerators, and dual dishwashers. The expansive primary suite offers separate full bathrooms and closets, including one bath with a soaking tub and fireplace. The home's architectural character and spacious interiors offer an exceptional opportunity for thoughtful modernization and personal touches. The laundry room provides two washer/dryer sets. An inviting rear courtyard features a stone dining table and substantial outdoor brick fireplace, ideal for entertaining. A detached 1-bedroom, 1-bath guest house includes a full kitchen, laundry, private enclosed yard, and separate entrance from Olive Lane. Tesla EV charging adds convenience. Ideally situated near the Hotel del Coronado and Coronado Beach, this unique property offers timeless charm and the potential to create a truly personalized coastal retreat.

Mortgage Calculator

Est. Monthly Payment

$53,750

Principal & Interest$43,610
Property Tax$7,850
Insurance$2,290
%($1,570,000)
%
Loan Term

Location

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Investment Score

0D
Est. Monthly Rent
$13,087

12 leases of houses within 0.5 mi, size-adjusted · $11,172–$27,729

Monthly Cashflow

Rent − PITIA

-$40,663
Full Cashflow

Incl. vacancy, PM, maint, capex

-$50,215

What would make this work?

$50,215/mo short at 20% down; +$65,214/mo rent closes it.

Break-even price

83% under asking

$1,311,993
Break-even rent

$65,214/mo above the estimate

$78,301/mo
Cashflow at 35% down
−$42,038/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)
$43,610
Cap Rate
-0.91%
Cash-on-Cash
-38.38%
DSCR

Need ≥ 1.25 for DSCR loan

0.24

NOI (Annual)
-$71,404
Price-to-Rent

Lower = better for investors

50.0

* 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.

Open Full Calculator
DCashflow−$50,215/mo