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1820 Avenida Del Mundo #706

Dbottom 20%

Coronado, CA 92118

$1,495,000

STR closed · Coronado: 26-night minimum

Pass at asking: -$9,434/mo full cashflow at 20% down, 7.43% rate.

Works at $266,582 (82% under asking); even all cash loses money at asking.

Rent $4,423/mo from 10 leases of studio–2 bed condos & townhomes within 2 mi, same school area ($4,128–$5,193).

Beds

Baths

1.5

Sqft

1,100

Year Built

1977

Days on Market

Property Type

Condo

HOA/mo

$1,358

MLS ID

260021869SD

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

Virtual Tour

About This Property

Exceptionally spacious and full of possibility, this nearly 1,100-square-foot Coronado Shores residence offers beautiful Bay views, an expanded floor plan and the flexibility to enjoy it today or make it completely your own. The enclosed balcony creates additional interior living space, while newer windows bring plenty of natural light into the large living and dining areas. Updates include a primary bath with dual sinks and a newer shower, along with the addition of a convenient full half bath room. The kitchen has been refreshed with painted cabinetry and newer countertops and is comfortable as-is, with plenty of opportunity for future updates. The unusually large floor plan gives the next owner options—make a few cosmetic changes and enjoy it, or start fresh and create something entirely their own. With nearly 1,100 square feet, this is an opportunity to own considerably more space at the Shores while still leaving room to make it your own.

Mortgage Calculator

Est. Monthly Payment

$11,594

Principal & Interest$8,305

Property Tax$1,495

Insurance$436

HOA$1,358

Down Payment

%($299,000)

Interest Rate

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.

Renovation math

Flagged Light Value-Add from the listing remarks — “as-is”, “make it your own”.

Asking now: $1.50M
Worth finished: $1.36M
Already above finished value: −$131,458

Comparable finished homes nearby suggest this is worth about $1.36M — below the asking price. A renovation here has to be funded out of the purchase, not the spread.

Rent once renovated

Rent at par: $4,587/mo
Cashflow at that rent: −$9,308/mo

Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.

Based on 5 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.

Comparable Properties

5 comps found

This Property

$4,423

Comp Average

$4,103

1052 Isabella Avenue

2bd / 1ba · 900 sqft · Condo

$1.10M

Est. $4,084/mo

333 Orange Ave

2bd / 2ba · 1,087 sqft · Condo

$1.20M

Est. $4,295/mo

801 C Avenue

2bd / 1.5ba · 960 sqft · Condo

$1.19M

Est. $4,003/mo

1820 Avenida Del Mundo

1bd / 1.5ba · 1,095 sqft · Condo

$2.20M

Est. $4,413/mo

1810 Avenida Del Mundo

1bd / 1ba · 778 sqft · Condo

$1.55M

Est. $3,720/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Short-term not available here. Coronado bans stays of 25 days or less in residential zones. See the rules

Investment Score

Est. Monthly Rent

$4,423

10 leases of studio–2 bed condos & townhomes within 2 mi, same school area · $4,128–$5,193

Monthly Cashflow

Rent − PITIA

-$7,171

Full Cashflow

Incl. vacancy, PM, maint, capex

-$9,434

What would make this work?

$9,434/mo short at 20% down; +$12,253/mo rent closes it.

Break-even price: $266,582
Break-even rent: $16,676/mo
Cashflow at 35% down: −$7,877/mo
Down payment to break even: Not reachable
Rate to break even: Not reachable

Mortgage (P+I)

$8,305

Cap Rate

-0.73%

Cash-on-Cash

-37.86%

DSCR

Need ≥ 1.25 for DSCR loan

0.38

NOI (Annual)

-$10,896

Price-to-Rent

Lower = better for investors

28.2

* 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−$9,434/mo