1810 Avenida Del Mundo #609
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1810 Avenida Del Mundo #609

Dbottom 20%

Coronado, CA 92118

$2,550,000

Pass at asking: -$15,454/mo full cashflow at 20% down, 7.43% rate.

Works at $537,843 (79% under asking); even all cash loses money at asking.

Rent $6,887/mo from 1 lease in this building (±1 bed).

Beds

2

Baths

2

Sqft

1,250

Year Built

1977

Days on Market

193

Property Type

Condo

HOA/mo

$1,172

MLS ID

PTP2603330

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

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About This Property

Experience the ultimate in coastal luxury in this spacious split 2-bedroom, 2-bath residence located in the highly sought-after Coronado Shores community. This thoughtfully designed floor plan offers privacy and comfort, with breathtaking ocean views from the expansive main balcony the perfect place to relax and take in the sea breeze and stunning sunsets. A unique enclosed second balcony extends the guest bedroom, creating additional versatile living space ideal for guests, a home office, or a cozy retreat. Inside, the unit is equipped with a convenient stackable washer and dryer, generous walk-in closets, and abundant storage throughout. Residents of Coronado Shores enjoy an unmatched resort lifestyle with exclusive amenities including four oceanfront pools, six tennis courts, two pickleball courts, a state-of-the-art fitness center, and a private beach club. Ideally situated within walking distance to the iconic Hotel del Coronado, as well as world-class dining, shopping, and the sparkling sands of Coronado Beach. This is your opportunity to own a slice of paradise in one of Coronado’s most coveted beachfront communities!

Mortgage Calculator

Est. Monthly Payment

$18,632

Principal & Interest$14,166
Property Tax$2,550
Insurance$744
HOA$1,172
%($510,000)
%
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
$6,887

1 lease in this building (±1 bed)

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$11,745
Full Cashflow

Incl. vacancy, PM, maint, capex

-$15,454

What would make this work?

$15,454/mo short at 20% down; +$20,071/mo rent closes it.

Break-even price

79% under asking

$537,843
Break-even rent

$20,071/mo above the estimate

$26,958/mo
Cashflow at 35% down
−$12,798/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)
$14,166
Cap Rate
-0.44%
Cash-on-Cash
-36.36%
DSCR

Need ≥ 1.25 for DSCR loan

0.37

NOI (Annual)
-$11,324
Price-to-Rent

Lower = better for investors

30.9

* 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−$15,454/mo