
241 F Avenue
Dbottom 20%Coronado, CA 92118
Pass at asking: -$21,597/mo full cashflow at 20% down, 7.43% rate.
Works at $762,980 (79% under asking); even all cash loses money at asking.
Rent $7,611/mo from 9 leases of houses within 0.5 mi, same school area, size-adjusted ($7,109–$9,076).
Beds
6
Baths
4
Sqft
2,426
Year Built
1943
Days on Market
271
Property Type
Single Family
HOA/mo
N/A
MLS ID
260003579SD
This property is in Coronado (92118). Browse neighborhood analytics →
About This Property
A rare offering in Coronado Village, 241–243 F Avenue presents two separate residences thoughtfully positioned on a generous 7,000 sq. ft. lot just moments from the Bay and the Ferry Landing. The front home, originally built in 1943, is a single-story 3-bedroom, 2-bath residence offering timeless character and everyday livability. Hardwood flooring, an inviting street presence, driveway parking, a one-car garage, and a private backyard create a comfortable setting in a highly desirable Village location. Positioned toward the rear of the property, the second residence is a two-story home built in 1971, also offering a three-bedroom, two-bath layout with one bedroom conveniently situated on the main level. The home features an inviting living space with sliding doors opening to a private backyard, along with a full bath and dedicated laundry. Upstairs are two additional bedrooms, including the primary bedroom with direct access to a private deck overlooking the downtown San Diego skyline. Three dedicated parking spaces further enhance functionality and ease of living. The generous 7,000 sq. ft. R1B-zoned parcel presents meaningful long-term potential, including possible redevelopment into two side-by-side residences, subject to buyer due diligence and City approvals. The property has also received a non-historic determination from the Historic Resource Commission, offering added clarity for those considering future renovation or reconfiguration. A unique and compelling opportunity in one of Coronado Village’s most sought-after locations, rich with possibility. Front House is 1,156 SF and Back House is 1,270 SF per Matterport. Matterports are available for both residences, see virtual tour links.
Mortgage Calculator
Est. Monthly Payment
$24,478
Location
Loading map...
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.
Comparable Properties
5 comps foundThis Property
$7,611
Comp Average
$11,122
46 Blue Anchor Cay Rd
4bd / 3.5ba · 2,862 sqft · Single Family
$3.58M
Est. $17,266/mo
52 Port Of Spain
4bd / 2.5ba · 2,293 sqft · Single Family
$2.40M
Est. $11,183/mo
814 F Avenue
4bd / 3.5ba · 2,664 sqft · Single Family
$2.88M
Est. $9,344/mo
825 9th Street
4bd / 3.5ba · 2,433 sqft · Single Family
$3.30M
Est. $8,672/mo
127 J Avenue
6bd / 4ba · 3,000 sqft · Single Family
$3.60M
Est. $9,145/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
9 leases of houses within 0.5 mi, same school area, size-adjusted · $7,109–$9,076
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$21,597/mo short at 20% down; +$28,048/mo rent closes it.
- Break-even price
- $762,980
- Break-even rent
- $35,659/mo
- Cashflow at 35% down
- −$17,873/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
79% under asking
$28,048/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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.
Open Full Calculator