633 Fern Glen

633 Fern Glen

Dbottom 20%

La Jolla, CA 92037

$3,250,000

Pass at asking: -$19,404/mo full cashflow at 20% down, 7.49% rate.

Works at $734,362 (77% under asking); even all cash loses money at asking.

Rent $7,356/mo from 9 leases of 2-bed houses within 0.5 mi ($6,384–$15,752).

Beds

2

Baths

3

Sqft

2,506

Year Built

2005

Days on Market

—

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026116SD

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

About This Property

Welcome to The Sanctuary. Beyond the gated entrance, soaring two-story ceilings create a dramatic sense of space and light, while an open, thoughtfully designed interior strikes the perfect balance between sophistication and relaxed coastal living. Beautiful French doors throughout the home invite natural light and create a seamless connection to the outdoors. The primary suite, overlooking the expansive living area below, opens onto a spacious balcony, offering an inviting retreat. Lush palms, a secluded patio, and garden evoke a Zen-like sense of tranquility, providing peaceful spaces to entertain or simply enjoy Southern California's coveted lifestyle. Ideally situated just moments from La Jolla Village, the ocean, scenic coastal paths, and the beloved farmers market, the home offers an exceptional opportunity to enjoy the best of this seaside community. Whether enjoyed as a full-time residence or an idyllic coastal escape, this exceptional home captures the essence of La Jolla living, where natural beauty and understated luxury come together.

Mortgage Calculator

Est. Monthly Payment

$22,360

Principal & Interest$18,162
Property Tax$3,250
Insurance$948
%($650,000)
%
Loan Term

Location

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Investment Score

0D
Est. Monthly Rent
$7,356

9 leases of 2-bed houses within 0.5 mi · $6,384–$15,752

Blended 50/50 with the zip's market median ($5,867)

Monthly Cashflow

Rent − PITIA

-$15,004
Full Cashflow

Incl. vacancy, PM, maint, capex

-$19,404

What would make this work?

$19,404/mo short at 20% down; +$25,200/mo rent closes it.

Break-even price

77% under asking

$734,362
Break-even rent

$25,200/mo above the estimate

$32,556/mo
Cashflow at 35% down
−$15,999/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)
$18,162
Cap Rate
-0.32%
Cash-on-Cash
-35.82%
DSCR

Need ≥ 1.25 for DSCR loan

0.33

NOI (Annual)
-$10,493
Price-to-Rent

Lower = better for investors

36.8

* Modelled at 20% down, 7.49% 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−$19,404/mo