205 Fern Glen
Dbottom 20%La Jolla, CA 92037
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 →
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.
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Est. Monthly Payment
$24,650
Location
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Comparable Properties
5 comps foundThis Property
$6,667
Comp Average
$8,154
5421 Linda Rosa
3bd / 3ba · 1,516 sqft · Single Family
$2.54M
Est. $8,183/mo
414 La Canada Street
3bd / 2ba · 1,540 sqft · Single Family
$2.89M
Est. $8,323/mo
7235 Fay Ave
3bd / 2ba · 1,718 sqft · Single Family
$2.85M
Est. $7,602/mo
370 Nautilus St
3bd / 3ba · 1,429 sqft · Single Family
$3.30M
Est. $7,613/mo
La Jolla
3bd / 2ba · 1,280 sqft · Single Family
$3.49M
Est. $9,049/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
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)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$22,516/mo short at 20% down; +$29,241/mo rent closes it.
- Break-even price
- $668,393
- Break-even rent
- $35,908/mo
- Cashflow at 35% down
- −$18,766/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
81% under asking
$29,241/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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