120 C Ave #202
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120 C Ave #202

Dbottom 20%

Coronado, CA 92118

$2,325,000

Pass at asking: -$13,460/mo full cashflow at 20% down, 7.43% rate.

Works at $572,478 (75% under asking); even all cash loses money at asking.

Rent $7,200/mo from 17 leases of 2-bed condos & townhomes within 1 mi ($5,935–$6,591). Previously leased for $7,200.

Beds

2

Baths

2

Sqft

2,300

Year Built

2007

Days on Market

57

Property Type

Condo

HOA/mo

$1,147.1

MLS ID

260022526SD

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

Virtual Tour

About This Property

Step into the effortless elegance of Coronado living at Regatta Bay. This spacious two-bedroom residence, complemented by a versatile den, offers a sophisticated layout designed for both relaxation and entertaining. The heart of the home is a gourmet kitchen that flows seamlessly into the living areas, all elevated by high-end interior finishes. The standout feature is the expansive wrap-around terrace, a true outdoor sanctuary where you can enjoy the coastal breeze. From the patio, take in glimpses of the San Diego skyline. Perfectly positioned just across from the Ferry Landing, you’re mere moments from boutique shopping, waterfront dining, and the scenic bayfront. Whether you’re looking for a refined primary residence or a stylish island retreat, this home captures the very best of the Coronado lifestyle.

Mortgage Calculator

Est. Monthly Payment

$17,067

Principal & Interest$12,916
Property Tax$2,325
Insurance$678
HOA$1,147
%($465,000)
%
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.

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
$7,200

Previously leased for $7,200

17 leases of 2-bed condos & townhomes within 1 mi · $5,935–$6,591

Monthly Cashflow

Rent − PITIA

-$9,866
Full Cashflow

Incl. vacancy, PM, maint, capex

-$13,460

What would make this work?

$13,460/mo short at 20% down; +$17,480/mo rent closes it.

Break-even price

75% under asking

$572,478
Break-even rent

$17,480/mo above the estimate

$24,680/mo
Cashflow at 35% down
−$11,038/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)
$12,916
Cap Rate
-0.09%
Cash-on-Cash
-34.74%
DSCR

Need ≥ 1.25 for DSCR loan

0.42

NOI (Annual)
-$2,203
Price-to-Rent

Lower = better for investors

26.9

* 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−$13,460/mo