357 Playa Del Sur
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357 Playa Del Sur #3

D

La Jolla, CA 92037

$1,500,000
NEW — 3d

Soft Appraisal Value: $1,465,900 · 2.3% above estimate

Beds

2

Baths

2

Sqft

1,294

Year Built

1981

Days on Market

3

Property Type

Townhouse

HOA/mo

$250

MLS ID

260010127SD

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

About This Property

Looking for the best Value in La Jolla? Look no further. Welcome to a rare opportunity to own a fully reimagined coastal townhouse just one block from iconic Windansea Beach. Ideally located within walking distance to the Village of Bird Rock, the sand and the heart of La Jolla. This 2-bedroom, 2-bathroom residence offers the perfect blend of modern design, prime location, and exceptional value. Completely gutted to the studs and rebuilt in 2023, the home lives like new construction with thoughtfully curated finishes and upgraded systems throughout. The light-filled interior features a layout that seamlessly connects indoor and outdoor living spaces, creating a relaxed yet refined coastal atmosphere. Enjoy ocean views from your living and bedrooms or unwind on the expansive private deck—fully redone in 2023 and compliant with SB 326—offering a rare and oversized outdoor living space ideal for entertaining or soaking in the ocean breeze. Additional highlights include owned solar for energy efficiency, extremely low HOA dues, tankless hot water heater ,the opportunity to short term rent and two covered parking spaces providing both convenience, long-term savings and a superb investment opportunity. Just steps from the sand and a short stroll to local dining, coffee shops, and boutiques, this home delivers an unmatched walkable beach lifestyle. Priced at $1,500,000, this turnkey property represents outstanding value for a fully renovated home in one of La Jolla’s most sought-after coastal neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$9,772

Principal & Interest$7,585
Property Tax$1,500
Insurance$437
HOA$250
%($300,000)
%

Location

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Investment Score

4D
Est. Monthly Rent
$5,081
Monthly Cashflow

Rent − PITIA

$-4,691
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,109

Mortgage (P+I)
$7,585
Cap Rate
0.38%
Cash-on-Cash
-28.44%
DSCR

Need ≥ 1.25 for DSCR loan

0.52
Break-even Rent
$14,314

NOI (Annual)
$5,704
Price-to-Rent

Lower = better for investors

24.6

* 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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