1500 Orange Ave
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1500 Orange Ave

Dbottom 20%

Coronado, CA 92118

$3,698,000

Pass at asking: -$26,791/mo full cashflow at 20% down, 7.43% rate.

Works at $209,835 (94% under asking); even all cash loses money at asking.

Rent $4,698/mo from 11 leases of 1–3 bed condos & townhomes within 1 mi, same school area ($4,421–$6,090).

Beds

2

Baths

2

Sqft

1,171

Year Built

2022

Days on Market

103

Property Type

Condo

HOA/mo

$2,006.04

MLS ID

260018593SD

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

About This Property

Experience refined coastal living at Shore House at The Del in Residence 35, a beautifully appointed 2-bedroom, 2-bath residence on Coronado's iconic shoreline. Filled with natural light, this elegant retreat features an open-concept floor plan, sophisticated finishes, a well-appointed kitchen, and a spacious living area that opens to a private terrace, creating the perfect setting for seamless indoor-outdoor living. Owners enjoy exclusive access to the world-class amenities of the legendary Hotel del Coronado, including resort-style pools, a full-service spa, state-of-the-art fitness center, and acclaimed dining, all just steps from the sand. Offered as a Whole Ownership, Limited Use residence, this property provides the benefits of full ownership with the opportunity to generate rental income through the resort's professionally managed rental program when not in residence. Whether you're seeking a luxurious beachfront retreat or an exceptional investment, Residence 35 offers a rare opportunity to own within one of Southern California's most coveted oceanfront destinations.

Mortgage Calculator

Est. Monthly Payment

$27,327

Principal & Interest$20,544
Property Tax$3,698
Insurance$1,079
HOA$2,006
%($739,600)
%
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
$4,698

11 leases of 1–3 bed condos & townhomes within 1 mi, same school area · $4,421–$6,090

Monthly Cashflow

Rent − PITIA

-$22,629
Full Cashflow

Incl. vacancy, PM, maint, capex

-$26,791

What would make this work?

$26,791/mo short at 20% down; +$34,794/mo rent closes it.

Break-even price

94% under asking

$209,835
Break-even rent

$34,794/mo above the estimate

$39,492/mo
Cashflow at 35% down
−$22,939/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)
$20,544
Cap Rate
-1.95%
Cash-on-Cash
-43.47%
DSCR

Need ≥ 1.25 for DSCR loan

0.17

NOI (Annual)
-$72,148
Price-to-Rent

Lower = better for investors

65.6

* 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−$26,791/mo