2320 Camino Del Collado
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2320 Camino Del Collado

Dbottom 20%

La Jolla, CA 92037

$6,499,000
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

49 licensed short-term rentals within ½ mile (44 whole home), from the cities' license and permit lists of Nov 14, 2026.

Pass at asking: -$41,373/mo full cashflow at 20% down, 7.36% rate.

Works at $1,085,284 (83% under asking); even all cash loses money at asking.

Rent $10,772/mo from 8 leases of 2–4 bed houses within 0.5 mi, same school area ($9,808–$11,730).

Beds

3

Baths

4

Sqft

3,160

Year Built

1993

Days on Market

136

Property Type

Single Family

HOA/mo

N/A

MLS ID

260015844SD

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

Virtual Tour

About This Property

Sand in your toes in less than five minutes! World-famous La Jolla Shores Beach is just steps away! Featured on the cover of San Diego Home & Garden when it was built, this three bedroom, four bath, two story warm Mediterranean contemporary residence is just what you have been looking for. Rare for La Jolla, this home has an extra large finished basement of approximately 1026 square feet. Located on a quiet cul-de-sac in La Jolla Shores, this sun-filled estate is walking distance to beautiful beaches, shops, fine dining and Torrey Pines Mesa, the epicenter of San Diego's multi-billion dollar biotech and medical research ecosystem. You know from the moment you enter the front door and gaze through to the lushly landscaped private front and back yard with pool and spa, that seasoned architect, J. David Hawkins AIA, thought through every detail in this masterpiece. Enjoy sunlight filled intimate family moments as well as flexible spaces that can accommodate small and large gatherings. There are two bedrooms on the main level. The second story features magnificent ocean views and is devoted exclusively to the master suite, a second living room or office/study, with large outdoor terraces filled with panoramic ocean views. The custom designed chef’s kitchen with a spacious center island is a gathering spot for family and features a Gaggenau oven, Wolf cooktop in an island that will become your go-to breakfast spot. 150 windows flood this warm home with natural light. Additionally, there is a wine cellar for 250 bottles. Other features include solar, an oversized 2+ car garage with plenty of built-in shelving and an additional Sub-Zero refrigerator, EV charger ready, security system, a wired surround sound with speakers in the living room and master bedroom, and a rooftop deck for entertaining with incredible ocean views. Enjoy sunlight filled two story ceilings accented by stunning custom Douglas fir beams and Saltillo tile. Ideal as a primary or second home, we invite you to come see for yourself.

Mortgage Calculator

Est. Monthly Payment

$44,251

Principal & Interest$35,856
Property Tax$6,499
Insurance$1,896
%($1,299,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Torrey Pines Elementary · grades K-5 · San Diego Unified

  • Middle

    Muirlands Middle · grades 6-8 · San Diego Unified

  • High

    La Jolla High · grades 9-12 · San Diego Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

0D
Est. Monthly Rent
$10,772

8 leases of 2–4 bed houses within 0.5 mi, same school area · $9,808–$11,730

Monthly Cashflow

Rent − PITIA

-$33,479
Full Cashflow

Incl. vacancy, PM, maint, capex

-$41,373

What would make this work?

$41,373/mo short at 20% down; +$53,731/mo rent closes it.

Break-even price

83% under asking

$1,085,284
Break-even rent

$53,731/mo above the estimate

$64,503/mo
Cashflow at 35% down
−$34,650/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)
$35,856
Cap Rate
-0.92%
Cash-on-Cash
-38.20%
DSCR

Need ≥ 1.25 for DSCR loan

0.24

NOI (Annual)
-$59,734
Price-to-Rent

Lower = better for investors

50.3

* Modelled at 20% down, 7.36% 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−$41,373/mo