312 Sea Ridge Drive
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312 Sea Ridge Drive

Ctop 80%

La Jolla, CA 92037

$5,275,000
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

79 licensed short-term rentals within ½ mile (53 whole home), from the cities' license and permit lists of Nov 9, 2026.

Pass at asking: -$28,754/mo full cashflow at 20% down, 7.43% rate.

Works at $1,531,243 (71% under asking), or at 99% down.

Rent $15,274/mo from 17 leases of 4–6 bed houses within 1 mi, same school area ($12,654–$17,573).

Beds

5

Baths

4.5

Sqft

3,745

Year Built

1980

Days on Market

47

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023329SD

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

Virtual Tour

About This Property

An exceptional opportunity to reside in your dream coastal retreat in the highly desirable Sun Gold Point enclave of Bird Rock with a coveted La Jolla address. Set against the stunning backdrop of mesmerizing ocean & white water views, this prime location offers unmatched scenery and serene coastal living. Architectural sophistication meets the Pacific in this design-driven coastal estate, where warm, natural materials, impeccable attention to detail and ocean vistas converge to create a residence of extraordinary character. Thoughtfully reimagined with a refined modern aesthetic, the home, through a series of light filled spaces, is framed by the ocean in the background. The dramatic upstairs great room opens to an expansive ocean-view terrace suspended above the coastline, while a series of private outdoor environments, including a secluded courtyard lounge and entertaining deck offer multiple settings for gathering, dining and relaxation. A rare expression of modern coastal architecture, this exceptional residence captures the essence of contemporary Bird Rock living. Elevated, effortless and deeply connected to landscape and the sea.

Mortgage Calculator

Est. Monthly Payment

$36,118

Principal & Interest$29,305
Property Tax$5,275
Insurance$1,539
%($1,055,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Bird Rock 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

3C
Est. Monthly Rent
$15,274

17 leases of 4–6 bed houses within 1 mi, same school area · $12,654–$17,573

Monthly Cashflow

Rent − PITIA

-$20,845
Full Cashflow

Incl. vacancy, PM, maint, capex

-$28,754

What would make this work?

$28,754/mo short at 20% down; 99% down or +$37,342/mo rent closes it.

Break-even price

71% under asking

$1,531,243
Break-even rent

$37,342/mo above the estimate

$52,616/mo
Cashflow at 35% down
−$23,259/mo
Down payment to break even

$5,222,250 cash

99%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$29,305
Cap Rate
0.30%
Cash-on-Cash
-32.71%
DSCR

Need ≥ 1.25 for DSCR loan

0.42

NOI (Annual)
$15,778
Price-to-Rent

Lower = better for investors

28.8

* 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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CCashflow−$28,754/mo