1500 Orange Ave #Res 17
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1500 Orange Ave #Res 17

Dbottom 20%

Coronado, CA 92118

$3,195,000

Pass at asking: -$22,933/mo full cashflow at 20% down, 7.43% rate.

Works at $209,092 (93% 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

89

Property Type

Condo

HOA/mo

$2,011.53

MLS ID

260019810SD

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

About This Property

Experience exceptional beachfront ownership at Shore House at The Del in beautifully appointed Residence 17, a stunning 2-bedroom, 2-bath retreat along Coronado's legendary shoreline. Thoughtfully designed with an open-concept floor plan, this light-filled residence showcases sophisticated finishes, a well-appointed kitchen, and spacious living and dining areas that create an inviting setting for everyday living or entertaining. A private balcony provides the perfect place to enjoy morning coffee, evening sunsets, and the refreshing ocean breeze. Owners enjoy exclusive access to The Del's renowned resort amenities, including multiple pools, spa, fitness center, exceptional dining, and one of Southern California's most celebrated beaches just steps away. Residence 17 is offered as a Whole Ownership, Limited Use property, providing full ownership with the flexibility of structured personal use and the opportunity to generate rental income through The Del's professionally managed rental program when not in residence. A rare opportunity to own a luxury residence at one of California's most iconic beachfront resorts.

Mortgage Calculator

Est. Monthly Payment

$23,888

Principal & Interest$17,750
Property Tax$3,195
Insurance$932
HOA$2,012
%($639,000)
%
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
$4,698

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

Monthly Cashflow

Rent − PITIA

-$19,190
Full Cashflow

Incl. vacancy, PM, maint, capex

-$22,933

What would make this work?

$22,933/mo short at 20% down; +$29,783/mo rent closes it.

Break-even price

93% under asking

$209,092
Break-even rent

$29,783/mo above the estimate

$34,481/mo
Cashflow at 35% down
−$19,605/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)
$17,750
Cap Rate
-1.86%
Cash-on-Cash
-43.07%
DSCR

Need ≥ 1.25 for DSCR loan

0.20

NOI (Annual)
-$59,384
Price-to-Rent

Lower = better for investors

56.7

* 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−$22,933/mo