2879 Caminito Merion
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2879 Caminito Merion

Dbottom 20%

La Jolla, CA 92037

$4,395,000
STR: check · no permits in this complex · TOT 12.75%

1 licensed short-term rental within ½ mile (1 whole home), from the cities' license and permit lists of Nov 10, 2026.

No unit in this 25-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$27,991/mo full cashflow at 20% down, 7.43% rate.

Works at $750,566 (83% under asking); even all cash loses money at asking.

Rent $8,675/mo from 13 leases of 3–5 bed houses within 1 mi, same school area ($8,631–$11,345).

Beds

4

Baths

3.5

Sqft

2,753

Year Built

1977

Days on Market

90

Property Type

Single Family

HOA/mo

$915

MLS ID

260019575SD

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

Virtual Tour

About This Property

NOT JUST ANOTHER REMODEL. A STATEMENT. UNLIKE ANY OTHER HOME IN WINDEMERE. Prepare to be captivated. This extraordinary modern ocean and mountain view residence has been painstakingly transformed from top to bottom, with exceptional craftsmanship, uncompromising materials, and meticulous attention to every detail. A dramatic open-concept floor plan unfolds toward breathtaking views, while expansive walls of glass and disappearing bi-fold doors seamlessly connect the sophisticated interiors to spectacular outdoor living. The Architectural Magazine-worthy kitchen is a true showpiece, blending sculptural design, exceptional materials, refined finishes, and effortless functionality. Spa-inspired bathrooms create luxurious private retreats, while every room reflects an extraordinary level of design and craftsmanship. Automotive enthusiasts, take note. The exceptional garage features a car lift, transforming it into a private automotive showroom and enthusiast's dream. Outside, beautifully designed spaces create a resort-like setting for entertaining, relaxing, and enjoying spectacular ocean views. Beyond the residence, Windemere offers an unparalleled guard-gated lifestyle with a resort-style pool, tennis courts, spa, and beautifully manicured grounds. This is not simply a remodeled home. It is a complete design experience—where architecture meets artistry, the ocean becomes part of the interior, and everyday living feels like a five-star retreat. Welcome to a new standard of modern luxury in Windemere.

Mortgage Calculator

Est. Monthly Payment

$31,008

Principal & Interest$24,416
Property Tax$4,395
Insurance$1,282
HOA$915
%($879,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    La Jolla 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
$8,675

13 leases of 3–5 bed houses within 1 mi, same school area · $8,631–$11,345

Blended 50/50 with the zip's market median ($7,943)

Monthly Cashflow

Rent − PITIA

-$22,333
Full Cashflow

Incl. vacancy, PM, maint, capex

-$27,991

What would make this work?

$27,991/mo short at 20% down; +$36,352/mo rent closes it.

Break-even price

83% under asking

$750,566
Break-even rent

$36,352/mo above the estimate

$45,027/mo
Cashflow at 35% down
−$23,413/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)
$24,416
Cap Rate
-0.86%
Cash-on-Cash
-38.21%
DSCR

Need ≥ 1.25 for DSCR loan

0.28

NOI (Annual)
-$37,692
Price-to-Rent

Lower = better for investors

42.2

* 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−$27,991/mo