302 Prospect St

302 Prospect St

D

La Jolla, CA 92037

$2,995,000

Beds

3

Baths

2.5

Sqft

2,714

Year Built

2000

Days on Market

50

Property Type

Condo

HOA/mo

$1,341

MLS ID

2600882SD

Description

Be the first to live in this completely reimagined coastal residence, ideally situated in one of La Jolla’s most ultra-prime, walkable seaside locations—just steps from oceanfront parks, sandy beaches, award-winning schools, the San Diego Museum of Contemporary Art, and the boutiques and celebrated dining of the Village. Meticulously renovated from top to bottom, the home blends fresh modern elegance with inviting comfort. The main level features an open-concept design anchored by a chef’s kitchen with a dramatic waterfall island, custom cabinetry, and premium stainless-steel appliances, flowing seamlessly into the formal dining area and a light-filled living room with soaring ceilings and a fireplace. New electric shades, an AV system, and smart TVs are in place, while multiple balconies invite year-round enjoyment of ocean breezes. The lower level is dedicated to privacy and retreat. The primary suite offers soaring ceilings, two generous walk-in closets, and a spa-inspired bath with soaking tub, walk-in shower, and dual vanities. A hidden bonus room—ideal as a media lounge, office, gym, or library—adds flexibility. Two additional bedrooms, a beautifully appointed bath, and a laundry room complete the level. Outdoors, a private side yard provides a serene setting for morning coffee, entertaining, or simply enjoying the sun and soothing sounds of the surf. This is a rare opportunity to own a pristine, never-lived-in residence in one of La Jolla Village’s most coveted locations. ***Seller carry-back partial financing available.***

Mortgage Calculator

Est. Monthly Payment

$20,354

Principal & Interest$15,144
Property Tax$2,995
Insurance$874
HOA$1,341
%($599,000)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$7,991
Monthly Cashflow

Rent − PITI − HOA

$-12,363
Full Cashflow

Incl. vacancy, PM, maint, capex

$-16,697

Mortgage (P+I)
$15,144
Cap Rate
-0.62%
Cash-on-Cash
-24.77%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.53
Break-even Rent
$20,354

NOI (Annual)
$-18,633
Price-to-Rent

Lower = better for investors

31.2

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

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