838 C Ave.
1 / 20

838 C Ave.

Dbottom 20%

Coronado, CA 92118

$2,300,000

Pass at asking: -$13,099/mo full cashflow at 20% down, 7.43% rate.

Works at $594,566 (74% under asking); even all cash loses money at asking.

Rent $5,930/mo from 12 leases of 3-bed houses within 0.5 mi ($5,348–$6,268).

Beds

3

Baths

3

Sqft

1,206

Year Built

2026

Days on Market

95

Property Type

Single Family

HOA/mo

N/A

MLS ID

260017538SD

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

Virtual Tour

About This Property

Built in the Spanish Revival architectural style, this beautiful New Construction home is compact and practical. Features include 3 beds, 3 baths, 2 person elevator, private garage & off-alley parking, GE Profile appliances, solar, EV charger, fireplace, fully sprinklered, private courtyard, water softener, and CAT6 pre wired throughout to utilize new fiber optic cable available in this area of Coronado. Fire pit and stand-up gardening options. Seller will consider buyer credits for finance or closing costs with right offer. Inspired by the light and color of the windows in the Sagrada Familia in Barcelona, the women builders of this home created stained glass windows that shine through the clear 2 person private elevator. Situated in perhaps the best location in Coronado, the central approach welcomes guests, while the home is just steps from the best dining, theatre, services, beach, bay and parks.

Mortgage Calculator

Est. Monthly Payment

$15,748

Principal & Interest$12,777
Property Tax$2,300
Insurance$671
%($460,000)
%
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
$5,930

12 leases of 3-bed houses within 0.5 mi · $5,348–$6,268

Monthly Cashflow

Rent − PITIA

-$9,818
Full Cashflow

Incl. vacancy, PM, maint, capex

-$13,099

What would make this work?

$13,099/mo short at 20% down; +$17,012/mo rent closes it.

Break-even price

74% under asking

$594,566
Break-even rent

$17,012/mo above the estimate

$22,942/mo
Cashflow at 35% down
−$10,703/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)
$12,777
Cap Rate
-0.01%
Cash-on-Cash
-34.17%
DSCR

Need ≥ 1.25 for DSCR loan

0.38

NOI (Annual)
-$301
Price-to-Rent

Lower = better for investors

32.3

* 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−$13,099/mo