832 San Luis Rey, Coronado, California 92118, Coronado, 92118 - 4 bed, 4 bath
832 San Luis Rey
Coronado, California 92118
Property Price
SUMMARY
Analysis of 832 San Luis Rey, Coronado, California 92118 reveals a Prime Investment Opportunity with a current list price of $4,050,000—significantly undercutting the $4,200,000 Fair Market Value by 3%. This valuation gap indicates a +$150,000 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Coronado Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 832 San Luis Rey Subject | $4,050,000* List Price | 4 | 4 | 2,823 | $1,488 | - |
A 853 C Avenue Sold | $2,850,000 | 4 | 2 | 1,997 | $1,427 | 0.3 mi |
B 1220 Alameda Blvd Sold | $4,200,000 | 4 | 4 | 2,384 | $1,762 | 0.8 mi |
C 624 J Ave Sold | $3,600,000 | 4 | 3 | 2,511 | $1,434 | 1.0 mi |
D 20 Pine Ct Sold | $5,215,000 | 5 | 5 | 3,457 | $1,509 | 0.9 mi |
E 1405 10th Street Pending | $3,495,000 List Price | 4 | 4 | 2,304 | $1,517 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is well-maintained and clean, but the interior finishes are significantly dated, reflecting its 1970s expansion. The kitchen features older tile countertops and dated cabinetry, while the bathrooms retain vintage tiling and fixtures from previous decades. While functional and move-in ready, the home requires cosmetic modernization throughout to meet current luxury standards, consistent with the 'fair' criteria for aged homes with regular upkeep but outdated major components.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Coronado Middle School (9/10). High School: Coronado High School (10/10).
- Prime 'Golden Triangle' Location
Situated in one of Coronado’s most coveted pockets, the property offers unparalleled access to the Coronado Golf Course, Tennis Center, and multiple local parks, ensuring a premium coastal lifestyle.
- Versatile Multigenerational Layout
The floor plan features primary suites on both the first and second floors, along with a private exterior entrance for the upper level, making it ideal for hosting guests or multi-generational living.
CONSRISKS & DEFICIENCIES
- Dated Interior Potential
With the original 1930s structure last expanded in the 1970s, the home likely requires significant cosmetic or structural updates to meet the expectations of modern luxury buyers at this price point.
- High Price-to-Renovation Ratio
Listed at $4.2 million, the additional capital required to modernize the 'classic charm' and 1970s additions may challenge the total investment value compared to turnkey properties in the area.
About 832 San Luis Rey
832 San Luis Rey Ave offers a rare blend of classic Coronado charm and generous coastal living. Originally a quaint Spanish bungalow, the home was thoughtfully expanded in the 1970s into a spacious two-story residence featuring 4 bedrooms and 3.5 baths, including primary suites on both the first and second floors—an ideal layout for multigenerational living or hosting guests. The second level also includes a private exterior entrance for added flexibility. Upstairs, a bright and oversized family room opens to a large sun deck with sweeping views of the Coronado Golf Course and the bay. This elevated space is perfect for relaxing, entertaining, and enjoying the island breeze. The backyard is a true Coronado gem, offering a lush retreat with mature grapefruit, tangerine, orange, and Meyer lemon trees. Located in one of the island’s most desirable pockets—the “Golden Triangle”—the home is just blocks from the Coronado Tennis Center, Coronado Golf Course, and both Mathewson and Vetter Park. A detached garage provides additional convenience and storage. A unique opportunity to enjoy space, character, and an exceptional Coronado location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1930
- Lot Size
- 6,600 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 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 • 0.8 mi
Coronado Middle School
Grades 6-8 • 0.7 mi
Coronado High School
Grades 9-12 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.5 | 50% |
| Square foot | 2,823 | 2,469.5 | 67% |
| Lot Size | 6,600 | 3,482 | 77% |
| Price | $4.05M | $3.45M | 67% |
| Price per sq ft | $1.4K | $1.4K | 53% |
| Built year | 1930 | 1989 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 170 | 13% |
Pricing History
Listed for Sale
Mar 2, 2026
$4,050,000
$4,200,000
-4% Price Drop
Initial Listing
Price Change
Feb 16, 2026
$4,200,000
Initial Listing