4065 Porte La Paz #155
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4065 Porte La Paz #155

Ctop 80%

San Diego, CA 92122

$649,000
STR: check · no permits in this complex · TOT 12.75%

7 licensed short-term rentals within ½ mile (2 whole home), from the cities' license and permit lists of Nov 10, 2026.

No unit in this 34-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: -$2,998/mo full cashflow at 20% down, 7.43% rate.

Works at $258,621 (60% under asking), or at 87% down.

Rent $3,257/mo from 11 leases of 2-bed condos & townhomes within 0.5 mi ($3,319–$3,458).

Beds

2

Baths

2

Sqft

966

Year Built

1987

Days on Market

45

Property Type

Condo

HOA/mo

$522

MLS ID

260023251SD

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

Virtual Tour

About This Property

TURNKEY LA JOLLA COLONY CORNER UNIT! Beautifully renovated and move-in ready, this spacious 2-bedroom, 2-bath condo in the desirable La Paz community offers comfort, privacy, and convenience. The oversized split-bedroom floor plan provides excellent separation between bedrooms, while expansive windows and luxury wood-look vinyl plank flooring create a bright, inviting atmosphere. The remodeled kitchen features quartz countertops, shaker cabinetry, stainless steel appliances, and a contemporary tile backsplash, flowing seamlessly into the living and dining areas. Both bathrooms have been tastefully updated with modern finishes. The spacious primary suite includes an en-suite bath and walk-in closet, and a full-size washer and dryer are conveniently located inside the unit. Enjoy the private second floor corner unit location, perfect for relaxing or entertaining. Two assigned, covered parking spaces are included. Ideally located near UTC, UCSD, La Jolla beaches, shopping, dining, parks, schools, and I-5 and SR-52. An exceptional opportunity for a primary residence, second home, or investment property in one of San Diego's most desirable locations. The HOA covers water, sewer, trash, exterior and roof maintenance, landscaping, limited insurance, pest control, termite treatment,community, as well as pool and spa. Pet restrictions apply.

Mortgage Calculator

Est. Monthly Payment

$4,966

Principal & Interest$3,605
Property Tax$649
Insurance$189
HOA$522
%($129,800)
%
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

34C
Est. Monthly Rent
$3,257

11 leases of 2-bed condos & townhomes within 0.5 mi · $3,319–$3,458

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

Monthly Cashflow

Rent − PITIA

-$1,708
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,998

What would make this work?

$2,998/mo short at 20% down; 87% down or +$3,894/mo rent closes it.

Break-even price

60% under asking

$258,621
Break-even rent

$3,894/mo above the estimate

$7,151/mo
Cashflow at 35% down
−$2,322/mo
Down payment to break even

$564,630 cash

87%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,605
Cap Rate
1.42%
Cash-on-Cash
-27.72%
DSCR

Need ≥ 1.25 for DSCR loan

0.66

NOI (Annual)
$9,239
Price-to-Rent

Lower = better for investors

16.6

* 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−$2,998/mo