2434 Ridgegate Row

2434 Ridgegate Row

D

La Jolla, CA 92037

$2,488,000
NEW — 6d on market

Beds

4

Baths

3.5

Sqft

2,350

Year Built

1998

Days on Market

6

Property Type

Single Family

HOA/mo

$300

MLS ID

260004432SD

Description

The single-level, seamless indoor-outdoor lifestyle you’ve been looking for! A rare 4 bedroom, 3.5 bathroom home on a 6691sf lot in La Jolla’s coveted gated Ridgegate community. The main level features 3 bedrooms, all the living spaces, and backyard access from the kitchen as well as a private downstairs guest bedroom with a full ensuite bath. Less driving than you thought possible on Mt Soledad: across the street from the pool/jacuzzi, and a short stroll to the Mt Soledad schools, Mt Soledad Memorial, a charming restaurant, and a market. An expansive and luxurious open concept with a stunning pendant chandelier adorning your formal entry foyer and under-counter lights highlighting your kitchen. Custom upgrades include a sandroom off the garage, new appliances and kitchen windows, custom curtains, a new pergola, Tesla battery, solar panels, EV charger, and two sets of washer/dryer hookups to give you options. A fireplace, built-in ceiling speakers, and a gorgeous water fountain delight the senses. The playset, pergola, and built-in grill make your private, fully fenced backyard a perfect place to play, relax, cook, or host as you soak up the sun and enjoy the gorgeous greenbelt behind your property. Fruit trees and decorative plants abound: plum, fig, Meyer lemon, pomegranate, avocado, princess flowers, drought resistant creeping thyme and silver carpet, birds of paradise, bougainvillea, and raised planter boxes waiting for your herb or flower garden! Low HOA dues covers pool, trash, and curbside maintenance. La Jolla is not just a location, it’s a lifestyle!

Mortgage Calculator

Est. Monthly Payment

$16,094

Principal & Interest$12,581
Property Tax$2,488
Insurance$726
HOA$300
%($497,600)
%

Investment Score

1D
Est. Monthly Rent

Market Rent Estimate

$7,902
Monthly Cashflow

Rent − PITI − HOA

$-8,193
Full Cashflow

Incl. vacancy, PM, maint, capex

$-12,083

Mortgage (P+I)
$12,581
Cap Rate
0.24%
Cash-on-Cash
-19.76%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.63
Break-even Rent
$16,095

NOI (Annual)
$5,966
Price-to-Rent

Lower = better for investors

26.2

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

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