4040 Porte La Paz #71
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4040 Porte La Paz #71

Ctop 80%

San Diego, CA 92122

$679,999
NEW — 0d
STR: check · no permits in this complex · TOT 12.75%

11 licensed short-term rentals within ½ mile (4 whole home), from the cities' license and permit lists of Nov 6, 2026.

No unit in this 42-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: -$3,253/mo full cashflow at 20% down, 7.43% rate.

Works at $256,433 (62% under asking), or at 89% down.

Rent $3,236/mo from 21 leases of 2-bed condos & townhomes within 0.5 mi ($3,225–$3,412).

Beds

2

Baths

2

Sqft

966

Year Built

1986

Days on Market

0

Property Type

Condo

HOA/mo

$522

MLS ID

260026384SD

This property is in San Diego (92122). View neighborhood stats →

About This Property

TOP FLOOR, CORNER UNIT WITH TONS OF NATURAL LIGHT! Enjoy the best of coastal San Diego living in this beautifully updated 2-bedroom, 2-bath condominium offering 966 square feet in the desirable La Paz community of La Jolla Colony. The home features vaulted ceilings providing an open and spacious feel, and an abundance of windows that fill the home with natural sunlight throughout the year. The desirable south-facing orientation provides exceptional natural light, while peaceful views of the beautifully landscaped community create a welcoming atmosphere. Interior highlights include a renovated kitchen with newer appliances and countertops, updated bathrooms, newer flooring, and recessed lighting in the living room. The community offers two heated pools, and two hot tubs. Conveniently located in a quiet, interior location within the community, the property also includes two assigned carport parking spaces and an additional storage closet. Located directly across the street from Rose Canyon, enjoy convenient access to scenic walking, hiking, and biking trails. As part of the master-planned La Jolla Colony community, residents also enjoy a large private park and beautifully maintained landscaping. Ideally situated near La Jolla’s beautiful beaches, UCSD, the trolley, multiple shopping centers, and numerous biotech and healthcare offices, this home offers an exceptional combination of comfort, convenience, and coastal lifestyle. A fantastic opportunity to enjoy one of San Diego’s sought-after communities!

Mortgage Calculator

Est. Monthly Payment

$5,178

Principal & Interest$3,778
Property Tax$680
Insurance$198
HOA$522
%($136,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Doyle Elementary · grades K-5 · San Diego Unified

  • Middle

    Standley Middle · grades 6-8 · San Diego Unified

  • High

    University City 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

30C
Est. Monthly Rent
$3,236

21 leases of 2-bed condos & townhomes within 0.5 mi · $3,225–$3,412

Blended 50/50 with the zip's market median ($3,151)

Monthly Cashflow

Rent − PITIA

-$1,942
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,253

What would make this work?

$3,253/mo short at 20% down; 89% down or +$4,224/mo rent closes it.

Break-even price

62% under asking

$256,433
Break-even rent

$4,224/mo above the estimate

$7,460/mo
Cashflow at 35% down
−$2,544/mo
Down payment to break even

$605,199 cash

89%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,778
Cap Rate
1.21%
Cash-on-Cash
-28.70%
DSCR

Need ≥ 1.25 for DSCR loan

0.62

NOI (Annual)
$8,242
Price-to-Rent

Lower = better for investors

17.5

* 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−$3,253/mo