801 C Avenue #23
Dbottom 20%Coronado, CA 92118
Pass at asking: -$6,607/mo full cashflow at 20% down, 7.49% rate.
Works at $333,464 (72% under asking), or at all cash.
Rent $3,879/mo from 8 leases of 1–3 bed condos & townhomes within 0.5 mi ($3,777–$4,229).
Beds
2
Baths
1.5
Sqft
960
Year Built
1970
Days on Market
0
Property Type
Condo
HOA/mo
$415
MLS ID
260026297SD
This property is in Coronado (92118). Browse neighborhood analytics →
About This Property
Back On Market - Same Great LOCATION! Great new price! Experience the coastal charm of 801 C Avenue, Unit 23 at Le Martinique! Located a short distance from Coronado's best, its finest restaurants, vibrant shops and all the eclectic attractions on Orange Avenue are at your feet. This is your chance to embrace the charm of this special island's lifestyle. This 2-bedroom, 1-1/2-bath upstairs unit offers 960 sq. ft. of tranquil living space, perfect for your next home, seasonal retreat, or investment. Step into a bright living room, filled with natural light, that connects to the dining area and kitchen. Enjoy spacious bedrooms with large custom closets for all your storage needs. Durable tile flooring in the common areas, and cozy carpet in the bedrooms. Each room enjoys the comfort of air conditioning. One assigned parking space conveys with the unit. Must see in person to feel the magic.
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Est. Monthly Payment
$8,602
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.
Comparable Properties
4 comps foundThis Property
$3,879
Comp Average
$4,029
1052 Isabella Avenue
2bd / 1ba · 900 sqft · Condo
$1.10M
Est. $4,504/mo
730 E Avenue
2bd / 2ba · 805 sqft · Condo
$1.05M
Est. $3,552/mo
1820 Avenida Del Mundo
1bd / 1.5ba · 1,100 sqft · Condo
$1.50M
Est. $4,377/mo
1810 Avenida Del Mundo
1bd / 1ba · 778 sqft · Condo
$1.55M
Est. $3,681/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
8 leases of 1–3 bed condos & townhomes within 0.5 mi · $3,777–$4,229
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$6,607/mo short at 20% down; 100% down or +$8,580/mo rent closes it.
- Break-even price
- $333,464
- Break-even rent
- $12,459/mo
- Cashflow at 35% down
- −$5,360/mo
- Down payment to break even
- 100%
- Rate to break even
- Not reachable
72% under asking
$8,580/mo above the estimate
$1,190,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% 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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