920 Balboa Avenue
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920 Balboa Avenue

Dbottom 20%

Coronado, CA 92118

$8,690,000

Pass at asking: -$56,660/mo full cashflow at 20% down, 7.43% rate.

Works at $1,312,826 (85% under asking); even all cash loses money at asking.

Rent $13,095/mo from 8 leases of houses within 0.5 mi, same school area, size-adjusted ($11,178–$22,944).

Beds

6

Baths

4.5

Sqft

4,254

Year Built

1989

Days on Market

57

Property Type

Single Family

HOA/mo

N/A

MLS ID

260022521SD

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

About This Property

Exquisite Coastal Cape Cod residence on an expansive 9,000-square-foot lot, ideally situated on a quiet street in Coronado’s coveted Country Club Estates. Offering over 4,200 square feet of living space, this sophisticated coastal home provides a rare sense of scale, with generous indoor and outdoor spaces rarely found in Coronado. A large enclosed front yard and idyllic front porch create a private and welcoming setting. Inside, the spacious floor plan features six bedrooms, a dedicated office, and 4.5 bathrooms, with beautiful oak hardwood floors, custom tilework, and beautifully appointed baths. The gourmet kitchen with top-of-the-line appliances, spacious great room with fireplace, and dining room open seamlessly to the beautifully landscaped private backyard, creating an ideal setting for entertaining and alfresco dining. The spacious primary suite offers a private retreat with fireplace, spa-like bathroom, walk-in built-in closet, and private balcony. Multiple additional living spaces include a downstairs media lounge and an upstairs lounge, offering exceptional flexibility for family and guests. Zoned air conditioning, a two-car garage, and outdoor shower add comfort and convenience. With its exceptional lot, abundant living space, sophisticated coastal design, and peaceful Country Club Estates setting, this is a rare opportunity to enjoy a level of space, privacy, and relaxed coastal living that is truly unique to Coronado.

Mortgage Calculator

Est. Monthly Payment

$59,501

Principal & Interest$48,277
Property Tax$8,690
Insurance$2,535
%($1,738,000)
%
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
$13,095

8 leases of houses within 0.5 mi, same school area, size-adjusted · $11,178–$22,944

Monthly Cashflow

Rent − PITIA

-$46,407
Full Cashflow

Incl. vacancy, PM, maint, capex

-$56,660

What would make this work?

$56,660/mo short at 20% down; +$73,585/mo rent closes it.

Break-even price

85% under asking

$1,312,826
Break-even rent

$73,585/mo above the estimate

$86,680/mo
Cashflow at 35% down
−$47,608/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)
$48,277
Cap Rate
-1.07%
Cash-on-Cash
-39.12%
DSCR

Need ≥ 1.25 for DSCR loan

0.22

NOI (Annual)
-$92,745
Price-to-Rent

Lower = better for investors

55.3

* 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−$56,660/mo