457 Coast #302
1 / 20

457 Coast #302

Dbottom 20%

La Jolla, CA 92037

$2,289,000
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.

This parcel holds a short-term rental license: Tier 3 (whole home), through Apr 2027. It doesn’t transfer: a buyer applies for their own.

121 licensed short-term rentals within ½ mile (105 whole home), from the cities' license and permit lists of Nov 9, 2026.

9 short-term rental licenses on file in this 12-unit complex, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).

The listing remarks say short-term rentals are allowed: “SHORT TERM RENTALS ALLOWED!!” That's the agent's claim, not the city’s rule.

Pass at asking: -$13,952/mo full cashflow at 20% down, 7.43% rate.

Works at $472,404 (79% under asking); even all cash loses money at asking.

Rent $6,124/mo from 13 leases of 2-bed condos & townhomes within 0.5 mi, same school area ($5,586–$6,966).

Beds

2

Baths

2

Sqft

975

Year Built

1970

Days on Market

46

Property Type

Condo

HOA/mo

$1,087

MLS ID

260022031SD

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

Virtual Tour

About This Property

INCREDIBLE OCEANFRONT LIVING IN THE HEART OF LA JOLLA. SHORT TERM RENTALS ALLOWED!! The ocean is the backdrop to everyday life at this property with panoramic Pacific Ocean views stretching along the coastline & waves crashing on the shore below. Fall asleep to the soothing rhythm of the ocean waves & wake to the crisp, refreshing air of coastal living. Set above the road for added privacy & an elevated perspective, the home captures views throughout the main living spaces. Enjoy the scenery from the eat-in kitchen, spacious living room, dining area, or private balcony—the perfect spot to take in unforgettable sunsets & coastal breezes. Thoughtfully appointed with newer luxury plank vinyl flooring, updated trim with stylish baseboards & crown molding, dual-pane vinyl windows/slider, newer water heater, private in-unit combination washer/dryer, & a surround sound system. Both bedrooms feature mirrored wardrobe closets. A rare opportunity to own an oceanfront residence with the ability to short-term rent, offering an attractive opportunity for those seeking a highly desirable coastal investment or a second home. Well-maintained building offers secure access, an elevator, additional full-size laundry facilities, 2 private storage lockers, & an assigned, oversized parking space in the rear of the building. Unbeatable location just a short stroll to the Village of La Jolla, pristine beaches, coastal walking paths, renowned restaurants, shopping/entertainment. Experience the best of La Jolla with the Pacific Ocean at your doorstep.

Mortgage Calculator

Est. Monthly Payment

$16,760

Principal & Interest$12,716
Property Tax$2,289
Insurance$668
HOA$1,087
%($457,800)
%
Loan Term

Location

Loading map...

Zoned Schools

  • Elementary

    La Jolla 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.

Comparable Properties

3 comps found

This Property

$6,124

vs

Comp Average

$6,121

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent
$6,124

13 leases of 2-bed condos & townhomes within 0.5 mi, same school area · $5,586–$6,966

Monthly Cashflow

Rent − PITIA

-$10,636
Full Cashflow

Incl. vacancy, PM, maint, capex

-$13,952

What would make this work?

$13,952/mo short at 20% down; +$18,120/mo rent closes it.

Break-even price

79% under asking

$472,404
Break-even rent

$18,120/mo above the estimate

$24,244/mo
Cashflow at 35% down
−$11,568/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$12,716
Cap Rate
-0.49%
Cash-on-Cash
-36.57%
DSCR

Need ≥ 1.25 for DSCR loan

0.37

NOI (Annual)
-$11,158
Price-to-Rent

Lower = better for investors

31.1

* 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.

Open Full Calculator
DCashflow−$13,952/mo