1640 El Paso Real

1640 El Paso Real

D

La Jolla, CA 92037

$3,750,000

Beds

4

Baths

3

Sqft

3,432

Year Built

1970

Days on Market

56

Property Type

Single Family

HOA/mo

N/A

MLS ID

2600192SD

Description

First time on the market in 47 years! Estate like privacy can be found in this Spanish influenced single level four bedroom, three bath 3432 square foot home on close to a half acre in the prestigious Old Muirlands. Enter through an enclosed courtyard and delight in the mature landscaping and the fact that window curtains are not needed for privacy. Multiple sliding glass doors will take you to the front courtyard or to the pool and deck with its ocean view and large two tiered backyard, perfect for child’s play or gardening. The house has been recently repainted outside and there is a glass windbreak behind the pool. The very sensible floorplan has the primary bedroom and study on one wing of the house and the additional three bedrooms on the other wing. The kitchen was redone in 2007 and features Maytag and GE appliances, a gas stove and a movable island. The kitchen is adjacent to a family room with gas fireplace and the two could easily become a great room. Additionally there is a security system, saltillo tile and parquet floors, a dedicated laundry room, and flagstone patio. The living room is flooded with sunlight and overlooks the pool. If you are looking for a special home on a cul de sac in an established La Jolla neighborhood, this home will resonate with you.

Mortgage Calculator

Est. Monthly Payment

$23,806

Principal & Interest$18,962
Property Tax$3,750
Insurance$1,094
%($750,000)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$7,777
Monthly Cashflow

Rent − PITI − HOA

$-16,029
Full Cashflow

Incl. vacancy, PM, maint, capex

$-20,943

Mortgage (P+I)
$18,962
Cap Rate
-0.63%
Cash-on-Cash
-25.65%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.41
Break-even Rent
$23,806

NOI (Annual)
$-23,769
Price-to-Rent

Lower = better for investors

40.2

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

Get Expert AnalysisOpen Full Calculator