1830 Avenida Del Mundo #605
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1830 Avenida Del Mundo #605

Dbottom 20%

Coronado, CA 92118

$3,850,000

Pass at asking: -$27,114/mo full cashflow at 20% down, 7.43% rate.

Works at $319,721 (92% under asking); even all cash loses money at asking.

Rent $4,742/mo from 12 leases of 1–3 bed condos & townhomes within 2 mi, same school area ($4,386–$5,990).

Beds

2

Baths

2

Sqft

1,213

Year Built

1974

Days on Market

99

Property Type

Condo

HOA/mo

$1,196

MLS ID

260018458SD

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

Virtual Tour

About This Property

Oceanfront living, fully reimagined. This corner unit at the Coronado Shores was rebuilt from the studs to maximize its views of the Pacific, the Coronado Islands, the iconic Hotel del Coronado, and the sand just below. The corner position opens sightlines in multiple directions and fills the interior with light. The renovation went beyond finishes to the floor plan itself, widening hallways and reconfiguring both bedrooms for better flow. Wide-plank wood flooring, updated windows and doors, and sleek custom cabinetry run throughout. The kitchen centers on stone countertops and a large island with seating, with an ice maker, wine cooler, and microwave concealed behind appliance bay doors. The primary suite was opened up to merge the bath and closet into one spa-like retreat with a dual vanity and glass-enclosed marble shower, while the ocean-facing second bedroom offers built-ins and a Murphy bed for flexible use. A laundry closet with stacked Miele units adds convenience, and sliding glass walls open the living room onto a covered patio made for sunset watching. Ownership includes two parking spaces and the full Coronado Shores lifestyle: 24-hour concierge and security, four beachfront pools, tennis and pickleball courts, a health club with spa and sauna, the Beach Club, and direct access to 1,800 feet of sand. Across Orange Avenue, Glorietta Bay puts public and private marinas within reach, including the Coronado Yacht Club, and the 27-mile Bayshore Bikeway runs nearby. Lock-and-leave living at the water's edge, moments from the shops and restaurants of Coronado Village.

Mortgage Calculator

Est. Monthly Payment

$27,557

Principal & Interest$21,388
Property Tax$3,850
Insurance$1,123
HOA$1,196
%($770,000)
%
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
$4,742

12 leases of 1–3 bed condos & townhomes within 2 mi, same school area · $4,386–$5,990

Monthly Cashflow

Rent − PITIA

-$22,815
Full Cashflow

Incl. vacancy, PM, maint, capex

-$27,114

What would make this work?

$27,114/mo short at 20% down; +$35,213/mo rent closes it.

Break-even price

92% under asking

$319,721
Break-even rent

$35,213/mo above the estimate

$39,955/mo
Cashflow at 35% down
−$23,104/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)
$21,388
Cap Rate
-1.71%
Cash-on-Cash
-42.26%
DSCR

Need ≥ 1.25 for DSCR loan

0.17

NOI (Annual)
-$65,867
Price-to-Rent

Lower = better for investors

67.7

* 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−$27,114/mo