1641 Crespo Drive
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1641 Crespo Drive

D

La Jolla, CA 92037

$4,495,000
NEW — 3d

Soft Appraisal Value: $4,324,800 · 3.9% above estimate

Beds

4

Baths

3.5

Sqft

2,839

Year Built

1990

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2605395

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

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About This Property

Perched above the Pacific with sweeping whitewater views stretching from the village and coast of La Jolla to distant snow-capped peaks, this meticulously renovated John Lloyd Wright residence is a rare convergence of architectural history and modern coastal living. One of just a handful of homes designed by the son of Frank Lloyd Wright, the property seamlessly blends organic design principles with thoughtful contemporary updates, including a two-bedroom wing addition, a chef's kitchen outfitted with Sub-Zero, Viking, and Miele appliances, and owned solar. Floor-to-ceiling windows frame every vista, whether it is a sunrise over the mountains or a glowing sunset over the open Pacific. With four bedrooms plus a lower-level studio, almost every living space captures unobstructed ocean views, and there are large outdoor living spaces both in front where the views are and in the back for privacy. Steps from the beach and the energy of La Jolla Village, this is a home designed to inspire as much as it is to impress. Priced to sell properties of this architectural significance, in a setting this spectacular, are truly once in a lifetime.

Mortgage Calculator

Est. Monthly Payment

$28,535

Principal & Interest$22,729
Property Tax$4,495
Insurance$1,311
%($899,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$8,097
Monthly Cashflow

Rent − PITIA

$-20,438
Full Cashflow

Incl. vacancy, PM, maint, capex

$-26,046

Mortgage (P+I)
$22,729
Cap Rate
-0.89%
Cash-on-Cash
-34.77%
DSCR

Need ≥ 1.25 for DSCR loan

0.28
Break-even Rent
$41,923

NOI (Annual)
$-39,806
Price-to-Rent

Lower = better for investors

46.3

* 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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