747 Orange Ave #304
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747 Orange Ave #304

Dbottom 20%

Coronado, CA 92118

$3,266,000

Pass at asking: -$20,982/mo full cashflow at 20% down, 7.43% rate.

Works at $534,142 (84% under asking); even all cash loses money at asking.

Rent $6,432/mo from 9 leases of 2–4 bed condos & townhomes within 1 mi ($5,119–$7,872).

Beds

3

Baths

2.5

Sqft

1,633

Year Built

2026

Days on Market

123

Property Type

Condo

HOA/mo

$850

MLS ID

260016999SD

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

Virtual Tour

About This Property

Welcome to THE GRAND, the new definition of luxury living in Coronado. This penthouse residence is anchored by an extraordinary oversized entertaining terrace, a true extension of the living space, designed for al fresco dining, gatherings, and effortless indoor-outdoor living located in the rear of the building. Complete with two parking spaces and private storage, it is crafted to serve as both your serene retreat and the perfect setting for unforgettable entertaining. Perfectly positioned in the heart of Coronado, enjoy front-row views of the 4th of July and Christmas parades, steps from Spreckels concerts and the island’s finest dining and downtown. Inspired by the timeless grandeur of Coronado’s architecture, THE GRAND was designed by AIA award winning architect Christian Rice. Residents will have an option to enjoy exclusive membership access to one of the world’s most celebrated beachfront resorts, the Del Club at the Hotel Del Coronado, seamlessly paired with the Hotel Del’s resort-style amenities creating a natural extension of luxury living*. More than a residence. A private retreat. A lifestyle beyond compare. The Grand Coronado, a boutique collection of 12 luxury residences masterfully designed by AIA award winning architect Christian Rice. Each home offers its own unique features, allowing you to choose the residence that best fits your lifestyle. Each residence offers single-level living for exceptional comfort and ease. The building includes a central elevator, with three select residences enjoying direct, private elevator access. Additional conveniences include a trash chute, dedicated storage spaces, and thoughtfully planned parking. Each residence includes two parking spaces, with a mix of private two-car garages and tandem configurations. The floorplans are exceptionally well designed, with 11 of the 12 residences offering three bedrooms, and featuring 2, 2.5 or 3 bathrooms, all en-suite. Only three exclusive residences boast private rooftop decks, offering elevated outdoor living and captivating views. Every residence is turn-key, brand new, and impeccably appointed, showcasing a curated collection of elevated design elements…warm, sophisticated neutral palettes, premium quartz surfaces, polished nickel fixtures, heated bathroom floors for year-round indulgence, and customized designer-selected finishes throughout. HOA dues are estimated at $850 per month. Perfectly situated near everything that defines the Coronado lifestyle, The Grand offers a rare opportunity to enjoy luxury, convenience, and timeless design in one of the most desirable locations on the island. Materials, specifications, plans, pricing, designs, schedules, and delivery dates may change without prior notice. All renderings, photos, and illustrations are conceptual and may not reflect the final features or views. The information provided is not guaranteed to be accurate, complete, or suitable for any particular purpose. * Del Club membership is contingent upon approval by the Del Club and shall be at The Del Club’s discretion.

Mortgage Calculator

Est. Monthly Payment

$23,213

Principal & Interest$18,144
Property Tax$3,266
Insurance$953
HOA$850
%($653,200)
%
Loan Term

Location

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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
$6,432

9 leases of 2–4 bed condos & townhomes within 1 mi · $5,119–$7,872

Blended 50/50 with the zip's market median ($6,154)

Monthly Cashflow

Rent − PITIA

-$16,781
Full Cashflow

Incl. vacancy, PM, maint, capex

-$20,982

What would make this work?

$20,982/mo short at 20% down; +$27,249/mo rent closes it.

Break-even price

84% under asking

$534,142
Break-even rent

$27,249/mo above the estimate

$33,681/mo
Cashflow at 35% down
−$17,580/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)
$18,144
Cap Rate
-0.92%
Cash-on-Cash
-38.55%
DSCR

Need ≥ 1.25 for DSCR loan

0.28

NOI (Annual)
-$30,197
Price-to-Rent

Lower = better for investors

42.3

* 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−$20,982/mo