1406 La Jolla Knoll
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1406 La Jolla Knoll

C

La Jolla, CA 92037

$4,000,000
NEW — 3d

Soft Appraisal Value: $3,829,000 · 4.5% above estimate

Beds

4

Baths

4

Sqft

3,054

Year Built

1937

Days on Market

3

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

$25,393

Principal & Interest$20,226
Property Tax$4,000
Insurance$1,167
%($800,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$7,983
Monthly Cashflow

Rent − PITIA

$-17,410
Full Cashflow

Incl. vacancy, PM, maint, capex

$-22,580

Mortgage (P+I)
$20,226
Cap Rate
-0.71%
Cash-on-Cash
-33.87%
DSCR

Need ≥ 1.25 for DSCR loan

0.31
Break-even Rent
$37,307

NOI (Annual)
$-28,241
Price-to-Rent

Lower = better for investors

41.8

* Defaults: 20% down, 6.5% rate, 30yr.

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

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