
1021 Olive Ave
Dbottom 20%Coronado, CA 92118
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
Location
Loading map...
Comparable Properties
5 comps foundThis Property
$13,087
Comp Average
$13,313
7 Green Turtle Road
4bd / 5.5ba · 4,207 sqft · Single Family
$7.25M
Est. $20,934/mo
920 Balboa Avenue
6bd / 4.5ba · 4,254 sqft · Single Family
$8.69M
Est. $13,095/mo
920 Cabrillo Avenue
5bd / 4.5ba · 3,850 sqft · Single Family
$10.00M
Est. $11,249/mo
711 H Ave
5bd / 6ba · 3,507 sqft · Single Family
$8.75M
Est. $10,707/mo
120 I Ave
4bd / 4.5ba · 3,521 sqft · Single Family
$6.79M
Est. $10,580/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
12 leases of houses within 0.5 mi, size-adjusted · $11,172–$27,729
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$50,215/mo short at 20% down; +$65,214/mo rent closes it.
- Break-even price
- $1,311,993
- Break-even rent
- $78,301/mo
- Cashflow at 35% down
- −$42,038/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
83% under asking
$65,214/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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