1820 Avenida Del Mundo #506
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1820 Avenida Del Mundo #506

Dbottom 20%

Coronado, CA 92118

$2,199,999

Pass at asking: -$14,857/mo full cashflow at 20% down, 7.43% rate.

Works at $265,675 (88% under asking); even all cash loses money at asking.

Rent $4,413/mo from 10 leases of studio–2 bed condos & townhomes within 2 mi, same school area ($4,119–$5,181).

Beds

1

Baths

1.5

Sqft

1,095

Year Built

1978

Days on Market

104

Property Type

Condo

HOA/mo

$1,358

MLS ID

PTP2605718

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

Virtual Tour

About This Property

Bay on one side. Ocean on the other. Own the middle. This fully renovated residence at El Mirador Tower sits high above the shore, framing the Coronado Bridge and the bay in sweeping, uninterrupted views. Every material was chosen without compromise. Every detail carries the weight of intention. The open layout stretches every inch of true square footage into sharp, usable space, no wasted corners, no compromise. Pocket doors slide the walls away entirely, dissolving the line between living room and balcony. Indoor outdoor isn't a feature here, it's the default setting. El Mirador Tower puts resort level living within 300 feet of your door: oceanfront pools, tennis courts, and the private Beach Club. Add an oceanfront clubhouse, fitness center, guard gated entry, private storage, and covered garage parking with quiet high speed elevators, and the building matches the unit, effortless in every direction. Steps to the bay. Steps to the beach. Steps to the iconic Hotel del Coronado. Coronado remains one of Southern California's most storied enclaves, a small town island feel with palm lined streets, a walkable downtown of boutique shops and acclaimed restaurants, and a slower pace that still sits minutes from downtown San Diego. Voted among the best beach towns in the country, it's a place people plan their whole lives around visiting, and here, you simply live. Wake up to the bay. Fall asleep to the ocean. Live the Coronado Island dreamlife.

Mortgage Calculator

Est. Monthly Payment

$16,422

Principal & Interest$12,222
Property Tax$2,200
Insurance$642
HOA$1,358
%($440,000)
%
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
$4,413

10 leases of studio–2 bed condos & townhomes within 2 mi, same school area · $4,119–$5,181

Monthly Cashflow

Rent − PITIA

-$12,009
Full Cashflow

Incl. vacancy, PM, maint, capex

-$14,857

What would make this work?

$14,857/mo short at 20% down; +$19,295/mo rent closes it.

Break-even price

88% under asking

$265,675
Break-even rent

$19,295/mo above the estimate

$23,708/mo
Cashflow at 35% down
−$12,566/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)
$12,222
Cap Rate
-1.32%
Cash-on-Cash
-40.52%
DSCR

Need ≥ 1.25 for DSCR loan

0.27

NOI (Annual)
-$28,976
Price-to-Rent

Lower = better for investors

41.5

* 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−$14,857/mo