205 Fern Glen

205 Fern Glen

Dbottom 20%

La Jolla, CA 92037

$3,600,000
NEW — 0d

Pass at asking: -$22,516/mo full cashflow at 20% down, 7.43% rate.

Works at $668,393 (81% under asking); even all cash loses money at asking.

Rent $6,667/mo from 21 leases of 1–3 bed houses within 0.5 mi ($6,537–$10,951).

Beds

2

Baths

2.5

Sqft

1,448

Year Built

1984

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2610082

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

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About This Property

Ideally located across the street from the sand and surf, in La Jolla's storied Beach-Barber Tract, 205 Fern Glen captures the essence of relaxed coastal luxury. A short stroll along Neptune leads to the legendary Windansea surf break, one of Southern California's most iconic coastal settings. Designed to embrace the indoor-outdoor lifestyle, the residence features an inviting open floor plan and expansive folding patio doors that seamlessly connect the living areas to the outdoors. The front patio offers a delightful setting for morning coffee or evening relaxation, complete with peek ocean views. Conveniently located gas barbecue just outside the kitchen makes casual entertaining effortless. The primary suite is a coastal sanctuary, featuring a dramatic wall of windows framing magnificent ocean views and opening directly onto an expansive balcony. Cool Pacific breezes and the soothing rhythm of the surf create a serene retreat, equally enchanting by day and night. Above it all, the spectacular rooftop spa deck commands panoramic ocean and coastline views—an extraordinary setting for soaking in the sun, enjoying coastal sunsets, or simply savoring the magic of life by the Pacific. A rare offering in one of La Jolla's most coveted coastal neighborhoods, 205 Fern Glen combines an exceptional beachside lifestyle with investment potential. Offered for sale subject to an existing lease expiring July 31, 2028, with scheduled rent increases, the property presents an appealing option for a 1031 exchange buyer seeking a premier coastal location with established rental income.

Mortgage Calculator

Est. Monthly Payment

$24,650

Principal & Interest$20,000
Property Tax$3,600
Insurance$1,050
%($720,000)
%
Loan Term

Location

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Investment Score

0D
Est. Monthly Rent
$6,667

21 leases of 1–3 bed houses within 0.5 mi · $6,537–$10,951

Blended 50/50 with the zip's market median ($5,669)

Monthly Cashflow

Rent − PITIA

-$17,983
Full Cashflow

Incl. vacancy, PM, maint, capex

-$22,516

What would make this work?

$22,516/mo short at 20% down; +$29,241/mo rent closes it.

Break-even price

81% under asking

$668,393
Break-even rent

$29,241/mo above the estimate

$35,908/mo
Cashflow at 35% down
−$18,766/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)
$20,000
Cap Rate
-0.73%
Cash-on-Cash
-37.53%
DSCR

Need ≥ 1.25 for DSCR loan

0.27

NOI (Annual)
-$26,197
Price-to-Rent

Lower = better for investors

45.0

* 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−$22,516/mo