1500 Orange Ave #42
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1500 Orange Ave #42

Dbottom 20%

Coronado, CA 92118

$3,498,000
NEW — 0d

Pass at asking: -$25,287/mo full cashflow at 20% down, 7.43% rate.

Works at $205,537 (94% under asking); even all cash loses money at asking.

Rent $5,277/mo from 13 leases of 1–3 bed condos & townhomes within 1 mi ($4,804–$6,445).

Beds

2

Baths

2

Sqft

1,507

Year Built

2022

Days on Market

0

Property Type

Condo

HOA/mo

$2,484.63

MLS ID

260026795SD

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

About This Property

One of six bay-oriented residences within Shore House, Residence 42 features a 1,507 square-foot layout oriented toward panoramic water vistas. A formal entry gallery creates a private arrival sequence, leading into an open-concept living and dining area filled with natural light. The primary suite includes a spa-inspired 5-piece bath with dual vanities, a walk-in shower, and a soaking tub. Sliding glass doors open to a covered terrace with an exterior gas fireplace, framing views of Glorietta Bay, the Coronado Bridge, and the downtown San Diego skyline. A secondary lock-off suite features an autonomous entrance, sitting area, dual queen beds, and a private bath. Shore House marks the final residential phase of the Hotel del Coronado master plan. Community amenities include a private oceanfront pool, sun terrace, lounge, dedicated arrival lobby, and access to resort dining, spa facilities, and beach services. This full-ownership, limited-use property offers ultimate slice of coastal paradise. A truly rare and special milestone in the history of an icon, Shore House is The Del’s final new real estate offering and the last piece of its $400 million Master Plan. Shore House is an intimate, boutique like ownership opportunity designed to enliven and enchant your senses. With panoramic views of the San Diego Skyline, Iconic Coronado Bridge and Glorietta Bay, this two bedroom, two bath residence offers a soothing retreat to soul-filled days along the Coronado shoreline. This Shore House Residence is not be available for long due to its unique use and income opportunity. Full Ownership, Limited Use.

Mortgage Calculator

Est. Monthly Payment

$26,436

Principal & Interest$19,433
Property Tax$3,498
Insurance$1,020
HOA$2,485
%($699,600)
%
Loan Term

Location

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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
$5,277

13 leases of 1–3 bed condos & townhomes within 1 mi · $4,804–$6,445

Blended 50/50 with the zip's market median ($5,312)

Monthly Cashflow

Rent − PITIA

-$21,158
Full Cashflow

Incl. vacancy, PM, maint, capex

-$25,287

What would make this work?

$25,287/mo short at 20% down; +$32,841/mo rent closes it.

Break-even price

94% under asking

$205,537
Break-even rent

$32,841/mo above the estimate

$38,118/mo
Cashflow at 35% down
−$21,644/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)
$19,433
Cap Rate
-1.92%
Cash-on-Cash
-43.37%
DSCR

Need ≥ 1.25 for DSCR loan

0.20

NOI (Annual)
-$67,086
Price-to-Rent

Lower = better for investors

55.2

* 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−$25,287/mo