$1,900,000
●
House -
For Sale
848 Olive Avenue
Coronado, CA 92118
2 Beds
1 Bath,
1
Half Bath
1,071 Ft²
$9,330
Est. Monthly
About This Property
Opportunity Knocks in Coronado! This charming Coronado cottage is
ready for a new owner or investor with the vision to restore its
character and bring it back to life! Offering 2 bedrooms, 1.5
bathrooms, and 1,071 square feet on a 4,069-square-foot lot, the
property presents an opportunity to renovate, reimagine, or explore
future possibilities. Touches of old-world charm remain, including
some windows and a built-in china cabinet in the dining room.
Additional features include a basement area and a detached garage
converted to living space without permits. Tax records indicate R-3
zoning; buyers to verify zoning, permitted uses, and development
possibilities. Ideally situated west of Orange Avenue in an
established residential neighborhood, away from the busy tourist
areas, yet about ½ mile from Coronado's beautiful beaches. Bring
your imagination and explore the possibilities!
Unit Size
1,071 Ft²
Days on Market
12 days
Land Size
0.09 acres
Price per sqft
$1,774
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1920
Listed By
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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: 9 days ago (SDMLS #PTP2607608)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 7, 2026 | Listed by Willis Allen Real Estate | $1,900,000 | |
| Listed by Willis Allen Real Estate | |||
Property Highlights
Fireplace
Parking Details
Has Garage
Garage Spaces: 1
Open Parking Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: BedroomOnMainLevel
Laundry Features: Laundry Room
Has Fireplace
Fireplace Features: Living Room
Exterior Details
Square Footage: 1071
Square Footage Source: $0
Year Built: 1920
Levels: One
Pool Features: None
Lot Features: Level
Lot Size Area: 4069
Lot Size Units: Square Feet
Lot Size Acres: 0.0934
Lot Size Square Feet: 4069
Utilities Details
Cooling Type: None
Heating Type: None
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Coronado
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Listed by: Terri Pontzious, Willis Allen Real Estate
Last Updated: 9 days ago
Data Source: CRMLS, MLS# PTP2607608
Last Updated: 9 days ago
Data Source: CRMLS, MLS# PTP2607608
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