1570 Virginia Way
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1570 Virginia Way

D

La Jolla, CA 92037

$5,750,000
NEW — 2d

Soft Appraisal Value: $5,436,600 · 5.8% above estimate

Beds

5

Baths

3.5

Sqft

3,500

Year Built

1915

Days on Market

2

Property Type

Single Family

HOA/mo

N/A

MLS ID

260013689SD

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

About This Property

An exceptional opportunity in the heart of La Jolla, this newly-designated historic American Lodge, built by the Helms family, has been approved for the Mills Act—an important tax benefit for buyers and a rare preservation incentive. Poised for thoughtful restoration or development, the property sits on a generous lot with inspiring 180° ocean views from the front including north shore views of the Shores, Scripps Pier, Blacks Beach, and Glider Port. The home exudes a timeless warmth and charm with its expansive redwood-lined living room, while additional picturesque seaside elements are found throughout the interior and exterior spaces. A large back deck is the perfect place to host family and friends while enjoying endless sunny days and Pacific and coastline views. Enjoy unparalleled walkability to the Village’s world-class restaurants and boutiques, the Museum of Contemporary Art San Diego (MCASD), and TripAdvisor’s recently rated #1 beach in the U.S., La Jolla Cove. Ideal for a buyer seeking a historic treasure with development potential and prime access to La Jolla’s cultural and coastal amenities.

Mortgage Calculator

Est. Monthly Payment

$36,502

Principal & Interest$29,075
Property Tax$5,750
Insurance$1,677
%($1,150,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$9,405
Monthly Cashflow

Rent − PITIA

$-27,097
Full Cashflow

Incl. vacancy, PM, maint, capex

$-34,052

Mortgage (P+I)
$29,075
Cap Rate
-1.04%
Cash-on-Cash
-35.53%
DSCR

Need ≥ 1.25 for DSCR loan

0.26
Break-even Rent
$53,628

NOI (Annual)
$-59,722
Price-to-Rent

Lower = better for investors

50.9

* 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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