120 C Ave #205
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120 C Ave #205

Dbottom 20%

Coronado, CA 92118

$1,968,000
NEW — 1d

Pass at asking: -$11,657/mo full cashflow at 20% down, 7.36% rate.

Works at $442,666 (78% under asking); even all cash loses money at asking.

Rent $5,592/mo from 17 leases of 2-bed condos & townhomes within 1 mi ($5,322–$5,912).

Beds

2

Baths

2

Sqft

1,850

Year Built

2007

Days on Market

1

Property Type

Condo

HOA/mo

$923

MLS ID

260026909SD

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

About This Property

Tucked within Coronado Village's coveted boutique community of Regatta Bay, this beautifully appointed 2-bedroom, 2-bathroom residence offers 1,850 square feet of single-level luxury living, timeless craftsmanship, and the spacious feel of a private home. A grand double-door entry opens to high ceilings, rich hardwood floors, wood crown molding, and custom stone and woodwork. The open-concept living and dining areas flow into a chef's kitchen featuring dual islands, custom cabinetry, a stone sink, Viking appliances, and a built-in refrigerator. An expansive west-facing private patio with travertine flooring, a built-in barbecue, and outdoor sink offers an inviting retreat for alfresco dining, entertaining, and Coronado sunsets. The primary suite opens directly to the patio and features a spa-inspired bath with a sunken Jacuzzi soaking tub. Additional highlights include surround sound speakers throughout, two gated underground parking spaces, and a dedicated storage unit. Just one block from San Diego Bay, enjoy exceptional walkability to the Ferry Landing, waterfront dining, boutique shops, and scenic bayfront paths. From beach walks to sunset cruises, embrace Coronado's island lifestyle, where everyday living feels like a coastal escape. Combining the comfort of a private home with the ease of lock-and-leave living, this distinctive Regatta Bay residence is an inviting retreat in one of Southern California's most cherished coastal communities.

Mortgage Calculator

Est. Monthly Payment

$14,323

Principal & Interest$10,858
Property Tax$1,968
Insurance$574
HOA$923
%($393,600)
%
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
$5,592

17 leases of 2-bed condos & townhomes within 1 mi · $5,322–$5,912

Blended 50/50 with the zip's market median ($5,513)

Monthly Cashflow

Rent − PITIA

-$8,731
Full Cashflow

Incl. vacancy, PM, maint, capex

-$11,657

What would make this work?

$11,657/mo short at 20% down; +$15,139/mo rent closes it.

Break-even price

78% under asking

$442,666
Break-even rent

$15,139/mo above the estimate

$20,731/mo
Cashflow at 35% down
−$9,621/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)
$10,858
Cap Rate
-0.32%
Cash-on-Cash
-35.54%
DSCR

Need ≥ 1.25 for DSCR loan

0.39

NOI (Annual)
-$6,235
Price-to-Rent

Lower = better for investors

29.3

* Modelled at 20% down, 7.36% 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−$11,657/mo