1299 Virginia Way

1299 Virginia Way

Dbottom 20%

La Jolla, CA 92037

$4,600,000
NEW — 0d

Pass at asking: -$28,529/mo full cashflow at 20% down, 7.49% rate.

Works at $901,336 (80% under asking); even all cash loses money at asking.

Rent $9,029/mo from 16 leases of 2–4 bed houses within 0.5 mi ($7,576–$11,530).

Beds

3

Baths

2.5

Sqft

2,515

Year Built

1990

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2609997

This property is in La Jolla (92037). View neighborhood stats →

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About This Property

Ideally situated in the heart of La Jolla Village, this beautifully remodeled residence offers an exceptional blend of refined design, effortless comfort, and an enviable walkable lifestyle. Just moments from the beaches, boutiques, and celebrated restaurants, the home has been impeccably transformed by its current owner, with thoughtful attention to every detail. The inviting open floor plan seamlessly connects the living room, dining area, and kitchen, where gleaming hardwood floors, beautiful original stained-glass windows, and a crisp all-white aesthetic create a timeless yet contemporary ambiance. The kitchen is beautifully appointed with quartz countertops and premium Thermador appliances. A private rear patio provides the perfect setting for al fresco dining, weekend barbecues, or a quiet morning coffee. The thoughtfully designed floor plan encompasses three bedrooms, a den, and two-and-a-half baths. A separate primary retreat is a true sanctuary, showcasing beautiful views, a fireplace, a generous walk-in closet, and a luxurious bath featuring a soaking tub and steam shower. Two additional bedrooms and a bath are conveniently positioned just off the entry, accessed by a separate staircase. Perhaps the home’s most captivating feature is the spectacular rooftop deck, where unobstructed ocean and Village views provide an extraordinary backdrop for entertaining or simply unwinding. Complete with comfortable sectional seating and a fire pit, it’s a setting that invites you to linger long after the sun goes down. Additional amenities include a welcoming putting green, abundant storage, a dedicated laundry room, and a two-car garage with an adjoining exercise room that could easily be reimagined as a private wine room. Beautifully appointed throughout, this is a home that captures the essence of La Jolla living—elegant yet relaxed, thoughtfully curated, and perfectly suited to enjoying the very best of the Village and the coast.

Mortgage Calculator

Est. Monthly Payment

$31,648

Principal & Interest$25,706
Property Tax$4,600
Insurance$1,342
%($920,000)
%
Loan Term

Location

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Investment Score

0D
Est. Monthly Rent
$9,029

16 leases of 2–4 bed houses within 0.5 mi · $7,576–$11,530

Blended 50/50 with the zip's market median ($7,244)

Monthly Cashflow

Rent − PITIA

-$22,619
Full Cashflow

Incl. vacancy, PM, maint, capex

-$28,529

What would make this work?

$28,529/mo short at 20% down; +$37,051/mo rent closes it.

Break-even price

80% under asking

$901,336
Break-even rent

$37,051/mo above the estimate

$46,080/mo
Cashflow at 35% down
−$23,709/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$25,706
Cap Rate
-0.62%
Cash-on-Cash
-37.21%
DSCR

Need ≥ 1.25 for DSCR loan

0.29

NOI (Annual)
-$28,459
Price-to-Rent

Lower = better for investors

42.5

* Modelled at 20% down, 7.49% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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DCashflow−$28,529/mo