1402 Rodeo Drive
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1402 Rodeo Drive

Ctop 80%

La Jolla, CA 92037

$4,495,000
NEW — 0d
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

21 licensed short-term rentals within ½ mile (10 whole home), from the cities' license and permit lists of Nov 8, 2026.

Pass at asking: -$24,358/mo full cashflow at 20% down, 7.43% rate.

Works at $1,323,571 (71% under asking), or at 99% down.

Rent $13,202/mo from 29 leases of 4–6 bed houses within 1 mi ($10,914–$15,763).

Beds

5

Baths

3.5

Sqft

2,798

Year Built

2000

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026643SD

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

About This Property

Perfectly situated on a breathtaking private canyon greenspace with direct ocean views and epic year-round sunsets, this completely turn-key modern Muirlands home is sure to impress. Built brand new down to the studs in 2017 and just completed another major remodel this year, this house was a second home and has very rarely been used since being completely rebuilt. Features high end materials throughout, including imported materials from Europe, and highest-quality appliances. Main home features 4 bedrooms and 3.5 bathrooms. There's also a roughly 240 square-foot semi-attached office/bedroom built into the canyon with beautiful ocean views, surrounded by lush mature vegetation. The home shows as if it is brand new and never been lived in. Extremely well-maintained and upgraded property. Owners just added a solar panel system that has eliminated any electric bills. Also upgraded to electric heat pump which offers free heating and winter. Relax in the ocean view hot tub that and built into the gorgeous, wraparound deck. Very rare, single-level ocean view home with some of the most privacy of any home you will find in La Jolla. Outback on the deck is like your own private sanctuary it's so serene and peaceful. Still however, you are just minutes from Bird Rock, and in the other direction Windansea and the village. Oversized 13,300 square-foot lot gives you the opportunity to more than double the current square footage in the future.

Mortgage Calculator

Est. Monthly Payment

$30,778

Principal & Interest$24,972
Property Tax$4,495
Insurance$1,311
%($899,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Bird Rock Elementary · grades K-5 · San Diego Unified

  • Middle

    Muirlands Middle · grades 6-8 · San Diego Unified

  • High

    La Jolla High · grades 9-12 · San Diego Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

3C
Est. Monthly Rent
$13,202

29 leases of 4–6 bed houses within 1 mi · $10,914–$15,763

Monthly Cashflow

Rent − PITIA

-$17,576
Full Cashflow

Incl. vacancy, PM, maint, capex

-$24,358

What would make this work?

$24,358/mo short at 20% down; 99% down or +$31,634/mo rent closes it.

Break-even price

71% under asking

$1,323,571
Break-even rent

$31,634/mo above the estimate

$44,836/mo
Cashflow at 35% down
−$19,676/mo
Down payment to break even

$4,450,050 cash

99%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$24,972
Cap Rate
0.34%
Cash-on-Cash
-32.51%
DSCR

Need ≥ 1.25 for DSCR loan

0.43

NOI (Annual)
$15,286
Price-to-Rent

Lower = better for investors

28.4

* Modelled at 20% down, 7.43% 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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CCashflow−$24,358/mo