1750 Avenida Del Mundo #908
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1750 Avenida Del Mundo #908

Dbottom 20%

Coronado, CA 92118

$2,485,000

Pass at asking: -$17,137/mo full cashflow at 20% down, 7.43% rate.

Works at $253,824 (90% under asking); even all cash loses money at asking.

Rent $4,672/mo from 11 leases of 1–3 bed condos & townhomes within 1 mi, same school area ($4,397–$6,056).

Beds

2

Baths

2

Sqft

1,158

Year Built

1974

Days on Market

161

Property Type

Condo

HOA/mo

$1,648

MLS ID

260013342SD

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

Virtual Tour

About This Property

Sold turnkey, with sweeping ocean views and approximately 1,450 sq.ft. of living spaces including the balcony.  La Princesa #908 is offered fully furnished, so you can arrive with nothing more than a suitcase and spend your first afternoon on the sand instead of shopping for furniture. The Pacific Ocean is visible from every room, and the generous balcony feels like a true extension of the living space, a place to linger over morning coffee, unwind with a good book, or host friends as the sun sets over the water. Inside, the split floor plan places each bedroom on its own side of the home. Thoughtfully maintained and with ample storage, the unit is great for everyday comfort with the ease of a lock and leave home. La Princesa, the 10th and final tower built at The Shores, enjoys a central location within the community that keeps every amenity close at hand, while Coronado Beach and the iconic Hotel del Coronado seconds away. For anyone who has been waiting for the right home at The Shores, one that's ready the moment you receive the keys, this is a rare opportunity worth seeing in person. *Some photos have been digitally altered.

Mortgage Calculator

Est. Monthly Payment

$18,663

Principal & Interest$13,805
Property Tax$2,485
Insurance$725
HOA$1,648
%($497,000)
%
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
$4,672

11 leases of 1–3 bed condos & townhomes within 1 mi, same school area · $4,397–$6,056

Monthly Cashflow

Rent − PITIA

-$13,991
Full Cashflow

Incl. vacancy, PM, maint, capex

-$17,137

What would make this work?

$17,137/mo short at 20% down; +$22,255/mo rent closes it.

Break-even price

90% under asking

$253,824
Break-even rent

$22,255/mo above the estimate

$26,927/mo
Cashflow at 35% down
−$14,548/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)
$13,805
Cap Rate
-1.50%
Cash-on-Cash
-41.38%
DSCR

Need ≥ 1.25 for DSCR loan

0.25

NOI (Annual)
-$37,174
Price-to-Rent

Lower = better for investors

44.3

* 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−$17,137/mo