3116 Via Alicante

3116 Via Alicante

D

La Jolla, CA 92037

$609,000

Soft Appraisal Value: $910,000 · 33.1% below estimate

Beds

1

Baths

1

Sqft

691

Year Built

1972

Days on Market

12

Property Type

Condo

HOA/mo

$399

MLS ID

260005746SD

Description

Welcome to this upstairs retreat located in Villa La Jolla. This charming condo is in turnkey condition and offers an inviting space for those seeking to live, work and play in La Jolla. This condo features dual-pane windows, granite countertops, custom carpet, mirrored closet doors, large bedroom closet with closet organizers, modern paint, recessed lighting, modern baseboards, large balcony and more. Villa La Jolla offers 2 swimming pools and spas, clubhouse and fitness center. In proximity to shopping, I-5 freeway, UCSD and minutes to La Jolla Shores beach. The open upstairs layout is perfect for both relaxation and entertainment, with all essential living areas within one convenient room. For those who love to enjoy the outdoors, the property offers access to a clubhouse, two large below-ground pools, 2 spas, community BBQ's and fitness center. These amenities provide endless opportunities for leisure and social gatherings, making it easy to unwind and connect with neighbors. Easy access to I-5 and SR-56 via Gilman Drive. Just minutes to UCSD and La Jolla Shores beach.

Mortgage Calculator

Est. Monthly Payment

$4,265

Principal & Interest$3,079
Property Tax$609
Insurance$178
HOA$399
%($121,800)
%

Investment Score

7D
Est. Monthly Rent
$2,956
Monthly Cashflow

Rent − PITI − HOA

$-1,309
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,497

Mortgage (P+I)
$3,079
Cap Rate
1.15%
Cash-on-Cash
-12.90%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.69
Break-even Rent
$4,265

NOI (Annual)
$6,991
Price-to-Rent

Lower = better for investors

17.2

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

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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