120 I Ave
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120 I Ave

Dbottom 20%

Coronado, CA 92118

$6,795,000

Pass at asking: -$44,042/mo full cashflow at 20% down, 7.43% rate.

Works at $1,060,747 (84% under asking); even all cash loses money at asking.

Rent $10,580/mo from 14 leases of 3–5 bed houses within 1 mi, same school area ($9,124–$11,667).

Beds

4

Baths

4.5

Sqft

3,521

Year Built

2013

Days on Market

236

Property Type

Single Family

HOA/mo

N/A

MLS ID

260006436SD

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

Virtual Tour

About This Property

120 I Avenue presents a compelling opportunity to acquire one of Coronado’s premier custom residences. Ideally situated just steps from the bay and across from Bay View Park, the home blends architectural presence, refined coastal interiors, and exceptional indoor-outdoor living—along with rare parking capacity for up to six vehicles, including a detached two-car garage, two covered spaces, and additional off-alley parking. The thoughtfully designed main level features engineered wood flooring, formal dining, and a chef’s kitchen with premium appliances, quartz countertops, and a generous center island opening seamlessly to the living area with fireplace and covered patio complete with built-in BBQ and grassy yard. A first-floor bedroom suite offers flexibility for guests or multigenerational living. Upstairs, three additional en-suite bedrooms include a luxurious primary retreat with fireplace, spa-inspired bath with soaking tub and rain shower, walk-in closet, and private balcony. Two secondary suites open to a covered veranda, while the expansive rooftop deck—accessible from both levels—serves as a true highlight of the home, capturing sweeping views of the bay, Coronado Bridge, and downtown San Diego skyline. Additional highlights include surround sound, custom millwork, plantation shutters, security system, and alley access. Located moments from the ferry landing, shops, and dining, this residence delivers privacy, scale, and the best of Coronado living.

Mortgage Calculator

Est. Monthly Payment

$46,526

Principal & Interest$37,749
Property Tax$6,795
Insurance$1,982
%($1,359,000)
%
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
$10,580

14 leases of 3–5 bed houses within 1 mi, same school area · $9,124–$11,667

Monthly Cashflow

Rent − PITIA

-$35,946
Full Cashflow

Incl. vacancy, PM, maint, capex

-$44,042

What would make this work?

$44,042/mo short at 20% down; +$57,197/mo rent closes it.

Break-even price

84% under asking

$1,060,747
Break-even rent

$57,197/mo above the estimate

$67,777/mo
Cashflow at 35% down
−$36,964/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)
$37,749
Cap Rate
-1.02%
Cash-on-Cash
-38.89%
DSCR

Need ≥ 1.25 for DSCR loan

0.23

NOI (Annual)
-$69,167
Price-to-Rent

Lower = better for investors

53.5

* 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−$44,042/mo