
2435 Paseo Dorado
Dbottom 20%La Jolla, CA 92037
One license per person in San Diego: whether you can hold it depends on you, not only the home.
103 licensed short-term rentals within ½ mile (84 whole home), from the cities' license and permit lists of Nov 4, 2026.
Pass at asking: -$25,453/mo full cashflow at 20% down, 7.49% rate.
Works at $1,030,190 (76% under asking); even all cash loses money at asking.
Rent $10,319/mo from 10 leases of 3–5 bed houses within 0.5 mi, same school area ($11,093–$19,069).
Beds
4
Baths
3
Sqft
3,142
Year Built
1961
Days on Market
46
Property Type
Single Family
HOA/mo
N/A
MLS ID
260022987SD
This property is in La Jolla (92037). View neighborhood stats →
About This Property
COASTAL RARITY WITH EXTRAORDINARY POTENTIAL IN PRESTIGIOUS LA JOLLA SHORES. Experience an exceptional opportunity to create a true coastal masterpiece on a rare, approximately ½-acre flat lot in highly desirable La Jolla Shores. Offering a spectacular ocean view & an enviable location minutes from the beach, restaurants, shopping, & all that La Jolla has to offer, this property presents an extraordinary canvas for your single level dream home. The current 3,142-sq. ft. custom estate with plans for 4500 sq. ft. home, plus casita, pool, & outdoor shower creating luxurious living. Could have room for added ADU, a private office, or additional living space? Approved home & casita/pool plans will convey with the sale, allowing the next owner to move forward with an already envisioned design rather than starting from scratch. Imagine waking each morning to expansive ocean views and abundant natural light streaming through large picture windows. The home is thoughtfully positioned to embrace the coastal views, with indoor and outdoor spaces designed for relaxed Southern California living. Outdoor entertaining is equally inviting, with Trex decking, spa, & fire pit creating the perfect setting to unwind, entertain friends, or simply sit back & enjoy the ocean views & coastal atmosphere. Currently, the property includes a detached art studio and two additional storage structures, offering a glimpse of the possibilities that await. This is more than a property—it's an opportunity to create a distinctive costal retreat with your vision and finishes. Expecting approval by NOV. Proposed home based on plans currently submitted for permit approval. Buyer to verify all plans, dimensions, square footage, permits, and proposed improvements with the appropriate government agencies. Permits pending with estimated date for approval on November 2026.
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Est. Monthly Payment
$29,790
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.
Comparable Properties
5 comps foundThis Property
$10,319
Comp Average
$9,718
5860 Cactus Way
4bd / 3ba · 2,854 sqft · Single Family
$2.79M
Est. $9,820/mo
7546 Caminito Avola
4bd / 4ba · 3,258 sqft · Single Family
$4.50M
Est. $9,821/mo
2815 Caminito Merion
4bd / 2.5ba · 3,239 sqft · Single Family
$4.20M
Est. $9,113/mo

1406 La Jolla Knoll
4bd / 4ba · 3,054 sqft · Single Family
$4.00M
Est. $9,011/mo

1444 Rodeo Dr.
4bd / 2ba · 2,841 sqft · Single Family
$4.20M
Est. $10,824/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
10 leases of 3–5 bed houses within 0.5 mi, same school area · $11,093–$19,069
Blended 50/50 with the zip's market median ($8,023)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$25,453/mo short at 20% down; +$33,056/mo rent closes it.
- Break-even price
- $1,030,190
- Break-even rent
- $43,375/mo
- Cashflow at 35% down
- −$20,916/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
76% under asking
$33,056/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, 7.49% 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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