1221 4th St
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1221 4th St

Ctop 80%

Coronado, CA 92118

$1,599,000

Pass at asking: -$8,455/mo full cashflow at 20% down, 7.43% rate.

Works at $498,103 (69% under asking), or at 97% down.

Rent $4,968/mo from 21 leases of 1–3 bed houses within 1 mi, same school area ($4,363–$5,436).

Beds

2

Baths

1

Sqft

899

Year Built

1958

Days on Market

159

Property Type

Single Family

HOA/mo

N/A

MLS ID

260013508SD

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

Virtual Tour

About This Property

Nestled in the picturesque community of Coronado, this fully furnished turnkey residence offers the perfect blend of modern luxury and coastal charm. With its open floor plan, newly remodeled kitchen/bath, new windows filling each space with natural light, beautifully landscaped yard perfect for summer BBQ's, & ample parking, this home has it all! Situated just minutes from the pristine beaches, vibrant shops and restaurants, this property provides not just a home, but a lifestyle. 1221 4th St. had approved plans with the city for the following - ADU, Jr. ADU, ensuite bathroom, carport & a patio. Upgrades and highlights - Custom built 6ft concrete block fence on 4th St giving the residents ample privacy, New white fence around the sides and back of the home complete with an electric powered and remote controlled gate for easy entry to additional parking (2025), Ring doorbell, Newer dual pane Milgard windows installed in 2023. The primary bedroom & front room have special sound suppression. Front door replaced in 2023, Fresh stucco and paint on the exterior of the home, Newer exterior lighting, gutters, drain systems & water shut-off vales, New turf and concrete pavers in the backyard. All landscaping, including trees, refreshed 2024-25. Automatic drip irrigation and landscape lighting, 2024-25. 4 large outdoor sail sunshades, 2 rectangles and 2 triangles. Spacious outdoor shed approx 15x8 sits on a compacted base with retaining sides (shed purchased 2025. Shed + compacted base w/ retaining sides approx. cost $4500). Kitchen remodel in 2024. New microwave, oven & refrigerator, New subway tile backsplash, All new quartz countertops, New hi-output quiet run Insinkerator garbage disposal installed in 2024, Storage and electrical added under the large kitchen island, Soft close cabinets, Soft close pull out drawers, Kohler white farmhouse sink & kohler faucet, Blinds installed on the skylight. Bathroom remodel in 2024. Toto toilet, Kohler sink & Kohler soaking tub, Hansgrohe sink & shower fixtures, New quartz countertops and new cabinet doors, New tile flooring and tile in the shower, Garage has epoxy coated flooring, Brazilian redwood laminate flooring throughout, Fresh paint throughout, New lighting throughout including lighting in both bedroom closets, All newer window blinds and ceiling fans, including garage. All exterior door handles/locks are new as of 2023-24 and were just rekeyed (one key fits all) Tankless water heater is only 3 years old & it was inspected, flushed, and serviced in 2026. HVAC system just inspected for the season, Washer/dryer installed 2024 plus additional cabinets added above the laundry. When the current owner’s purchased the home, they were advised it was re-plumbed in 2012. The PEX plumbing can be seen in the attic. New insulation in the house & garage attics. House - R38 / Garage R34-R38 - completed 2026. Furnishings, patio set, and TV’s can all be included. This home offers a 1-car garage with a second parking space just outside of the garage. In addition, you can park 2 additional cars in the back, through the secure white gated fence.

Mortgage Calculator

Est. Monthly Payment

$10,948

Principal & Interest$8,883
Property Tax$1,599
Insurance$466
%($319,800)
%
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

5C
Est. Monthly Rent
$4,968

21 leases of 1–3 bed houses within 1 mi, same school area · $4,363–$5,436

Monthly Cashflow

Rent − PITIA

-$5,980
Full Cashflow

Incl. vacancy, PM, maint, capex

-$8,455

What would make this work?

$8,455/mo short at 20% down; 97% down or +$10,981/mo rent closes it.

Break-even price

69% under asking

$498,103
Break-even rent

$10,981/mo above the estimate

$15,949/mo
Cashflow at 35% down
−$6,790/mo
Down payment to break even

$1,551,030 cash

97%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$8,883
Cap Rate
0.51%
Cash-on-Cash
-31.73%
DSCR

Need ≥ 1.25 for DSCR loan

0.45

NOI (Annual)
$8,115
Price-to-Rent

Lower = better for investors

26.8

* 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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CCashflow−$8,455/mo