1406 La Jolla Knoll
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1406 La Jolla Knoll

Dbottom 20%

La Jolla, CA 92037

$4,000,000
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.

110 licensed short-term rentals within ½ mile (84 whole home), from the cities' license and permit lists of Nov 11, 2026.

Pass at asking: -$23,791/mo full cashflow at 20% down, 7.43% rate.

Works at $902,422 (77% under asking); even all cash loses money at asking.

Rent $9,001/mo from 14 leases of 3–5 bed houses within 0.5 mi, same school area ($12,066–$14,966). Previously leased for $5,200.

Beds

4

Baths

4

Sqft

3,054

Year Built

1937

Days on Market

139

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2606068

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

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About This Property

Set in the heart of one of La Jolla's best neighborhoods, this Spanish Revival style home offers an enviable combination of ocean views, privacy and essentially single-level living, all just minutes from the Village. The main, entry level holds the primary bedroom, a second bedroom and a private office with fireplace, all with ocean views, while two additional bedrooms, laundry and the garage are tucked below. High ceilings, a beautiful fireplace and French doors that open the living room to the entry patio create a wonderful flow for both everyday living and entertaining, as does the spacious dining room with a butler's pantry. The kitchen has a charming built-in breakfast nook. The home sits on a large lot adjacent to a decommissioned City reservoir, which gives it an unusually open, expansive feeling rarely found this close to the coast. Believed to be a 1927/28 work of Lilian Rice, the home retains its original character: white stucco, clay tile, deeply recessed openings, an intimate courtyard, and interiors with the details of a master architect. The house creates a rare opportunity for a buyer looking to put their own stamp on a true La Jolla classic in one of the area's most desirable enclaves.

Mortgage Calculator

Est. Monthly Payment

$27,388

Principal & Interest$22,222
Property Tax$4,000
Insurance$1,167
%($800,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    La Jolla 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

0D
Est. Monthly Rent
$9,001

Previously leased for $5,200

14 leases of 3–5 bed houses within 0.5 mi, same school area · $12,066–$14,966

Monthly Cashflow

Rent − PITIA

-$18,388
Full Cashflow

Incl. vacancy, PM, maint, capex

-$23,791

What would make this work?

$23,791/mo short at 20% down; +$30,898/mo rent closes it.

Break-even price

77% under asking

$902,422
Break-even rent

$30,898/mo above the estimate

$39,899/mo
Cashflow at 35% down
−$19,625/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)
$22,222
Cap Rate
-0.34%
Cash-on-Cash
-35.69%
DSCR

Need ≥ 1.25 for DSCR loan

0.33

NOI (Annual)
-$13,434
Price-to-Rent

Lower = better for investors

37.0

* 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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DCashflow−$23,791/mo