$1,525,000
●
House -
Off Market
508 8th Street
Coronado, CA 92118
2 Beds
1 Bath
658 Ft²
$6,384
Est. Monthly
About This Property
Charming Coronado Island Bungalow – Incredible Location &
Potential! Welcome to this adorable 2-bedroom, 1-bathroom
bungalow nestled in the heart of beautiful Coronado Island! Just a
few short blocks from Orange Avenue's vibrant shopping and dining
scene and the serene Spreckels Park, this home offers the perfect
balance of convenience and island charm. This well-maintained
home is full of character and charm, with tons of potential to make
it your own. While it's in great shape, a few updates could
transform it into a true dream home. Whether you're looking for a
cozy retreat, an investment opportunity, or a place to expand, this
property is a rare find in one of San Diego's most desirable
locations. Living on Coronado Island means enjoying pristine
beaches, world-class golf courses, top-rated schools, and the
iconic Hotel del Coronado-all just minutes away! With easy access
to the ferry landing, scenic bike paths, and a welcoming small-town
feel, this is the perfect place to call home. Don't miss out
on this rare opportunity to own a piece of paradise with endless
potential!
Unit Size
658 Ft²
Days on Market
24 days
Land Size
0.05 acres
Price per sqft
$1,976
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1924
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #PTP2501823)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 11, 2025 | Sold | ||
| Sold | |||
| Feb 28, 2025 | Listed by eXp Realty of California, Inc. | $1,300,000 | |
| Listed by eXp Realty of California, Inc. | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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Sold On
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HOA + Taxes
About Coronado
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Listed by: Donald Betts, eXp Realty of California, Inc.
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PTP2501823
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PTP2501823
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