242 G, Coronado, California 92118, Coronado, 92118 - 3 bed, 1 bath
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242 G
Coronado, California 92118
ACTIVE
CONDITION: POOR
3Beds
1Baths
1,052Sq Ft
5,603Lot Size
Property Price
LIST PRICE$2,600,000
EST. MARKET VALUE
$2,792,765
6% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $2,600,000—positioned well below the $2,792,765 Fair Market Value by 6%. This valuation gap offers $192,765 in Instant Equity for buyers. Featuring a 5,603 sqft lot in a prestigious location, the home has a Condition Rating of 5, signaling a need for modernization. With proximity to Top-Rated Schools like Coronado High (10/10), this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build significant long-term wealth.
Estimated Market Value
$2,792,765+$192,765 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Coronado.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 242 G Subject 3 bd · 1 ba · 1,052 sqft · $2,655 | $2,600,000* List Price | 3 | 1 | 1,052 | $2,655 | - |
A 540 H Avenue Sold 2 bd · 1 ba · 820 sqft · $3,195 · 0.3 mi | $2,620,000 | 2 | 1 | 820 | $3,195 | 0.3 mi |
B 450 J Pending 2 bd · 2 ba · 1,007 sqft · $2,105 · 0.3 mi | $2,120,000 List Price | 2 | 2 | 1,007 | $2,105 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1944 and described as an 'original' home, this property is 80 years old with no significant renovations. The kitchen features cabinetry and appliances that appear 30-50 years old, and the listing explicitly suggests remodeling or expanding, indicating a need for a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Coronado Middle School (9/10). High School: Coronado High School (10/10).
- Elite School District
The property is ideally located within walking distance of top-tier schools, including Coronado High (10/10) and Coronado Middle (9/10), providing exceptional educational value.
- Significant Development Potential
Situated on a generous 5,603 sqft lot, this original 1944 cottage offers a rare opportunity for a custom remodel or a substantial expansion in the prestigious Coronado Village.
CONSRISKS & DEFICIENCIES
- Dated Infrastructure
As an original 1944 home with only one bathroom, the property likely requires extensive modernization of its systems and finishes to meet contemporary luxury standards.
- High Price per Square Foot
At a $2.6M valuation for 1,052 sqft of living space, the purchase price is primarily for the land, which may be a barrier for buyers not looking for a major construction project.
About 242 G
Sweet Original 'Palmer' home on a 40 by 140 ft lot located on a lovely quiet tree lined location. This home has been in the same family since it was purchased as a new home in 1944. This 3 bed 1 bath cottage is in nice condition and could be rented or lived in as you make your plans to remodel or expand the square footage.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1944
- Lot Size
- 5,603 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Coronado Unified Schools
Village Elementary School
Grades K-5 • 0.4 mi
8/10
Coronado Middle School
Grades 6-8 • 0.3 mi
9/10
Coronado High School
Grades 9-12 • 0.5 mi
10/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.7 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,052 | 2,441.633 |
| Lot Size | 5,603 | 5,143.816 |
| Price | $2.60M | $3.30M |
| Price per sq ft | $2.5K | $1.5K |
| Built year | 1944 | 1981 |
| HOA | $0 | $290 |
| Days on market | 12 | 57 |
Pricing History
Listed for Sale
Oct 13, 2026
$2,600,000
Initial Listing