800 3rd St, Coronado, California 92118, Coronado, 92118 - 2 bed, 1 bath
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Coronado, California 92118
This property presents a Strong Value Opportunity with a List Price of $1,999,000—positioned well below the $2,122,748 Fair Market Value by 5%. This valuation gap offers $123,748 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home includes architectural plans for a two-story expansion to capture skyline views. Located in a top-tier district with 10/10 rated schools, this is a Value-Add Investor asset ideal for Owner-Occupants seeking to customize a prime Coronado location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 800 3rd St Subject | $1,999,000* List Price | 2 | 1 | 964 | $2,202 | - |
A 622 Margarita Sold | $2,495,000 | 2 | 1 | 1,064 | $2,345 | 0.7 mi |
B 201 C Ave Active | $1,425,000 List Price | 2 | 2 | 874 | $1,630 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1938, the home shows evidence of cosmetic interior updates including hardwood flooring, recessed lighting, and a modern fireplace surround. However, the property is rated 'Fair' because it is being marketed primarily as a renovation/expansion project with architectural plans included. The small 1-bath footprint, presence of a wall-mounted AC unit rather than central HVAC, and lack of modern kitchen/bath imagery suggest the home is dated and requires significant updates to meet modern standards for the area.
Middle School: Coronado Middle School (9/10). High School: Coronado High School (10/10).
The property includes architectural plans by renowned architect Kevin Rugee for a two-story expansion designed to capture spectacular San Diego skyline views, offering a clear path to value appreciation.
Situated in a prime Coronado Village location, the home is served by top-rated schools, including Coronado High (10/10) and Coronado Middle (9/10), all within a half-mile radius.
With only 964 square feet and a single bathroom, the existing 1938 structure is undersized for the $1.999M price point, essentially serving as a teardown or major renovation project.
The list price reflects a significant premium for the location and potential, as the 3,102 square foot lot is relatively small for a luxury residential investment in this price bracket.
This home offers a rare opportunity to expand and customize. Plans are available for a single-level, two-bedroom, 2.5-bath en-suite layout featuring open indoor/outdoor living. For those desiring a larger home with spectacular views of the San Diego skyline, there is also a two-story design by renowned architect Kevin Rugee. Assumable VA loan—inquire for details.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.5 |
| Baths | 1.0 | 3.0 |
| Square foot | 964 | 2,796.5 |
| Lot Size | 3,102 | 5,723 |
| Price | $2.00M | $3.37M |
| Price per sq ft | $2.1K | $1.4K |
| Built year | 1938 | 1989 |
| HOA | $0 | $209 |
| Days on market | 40 | 60 |
Jun 12, 2026
$1,999,000
Initial Listing
Nov 22, 2023
$1,890,000
Public Record
Aug 8, 2022
$1,550,000
Public Record