5664 Abalone Pl San Diego

5664 Abalone Pl San Diego

D

La Jolla, CA 92037

$3,299,000

Beds

4

Baths

2

Sqft

1,504

Year Built

1950

Days on Market

40

Property Type

Single Family

HOA/mo

N/A

MLS ID

260001764SD

Description

Located a block away from the ocean on the quieter side of Bird Rock, this delightful beach cottage is just steps to the water. Enjoy Pacific sunsets and the sound of breaking waves from your home. Ideally suitable as a primary or secondary home or investment property in an incredible location. Architectural plans have been submitted to the City of San Diego; no approvals have been granted. Conceptual architectural renderings for a potential roof deck with ocean and sunset views are available. Property is subject to recorded CC&Rs limiting the residence to one story. Buyer to independently verify all development potential and height limitations.

Mortgage Calculator

Est. Monthly Payment

$20,943

Principal & Interest$16,682
Property Tax$3,299
Insurance$962
%($659,800)
%

Investment Score

0D
Est. Monthly Rent

Estimated Rent

$4,289
Monthly Cashflow

Rent − PITI − HOA

$-16,654
Full Cashflow

Incl. vacancy, PM, maint, capex

$-20,389

Mortgage (P+I)
$16,682
Cap Rate
-1.35%
Cash-on-Cash
-30.29%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.26
Break-even Rent
$20,943

NOI (Annual)
$-44,492
Price-to-Rent

Lower = better for investors

64.1

* Defaults: 20% down, 6.5% rate, 30yr.

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