636 Wrelton Dr

636 Wrelton Dr

Dbottom 20%

La Jolla, CA 92037

$5,495,000
NEW — 0d

Pass at asking: -$31,206/mo full cashflow at 20% down, 7.49% rate.

Works at $1,449,166 (74% under asking); even all cash loses money at asking.

Rent $14,517/mo from 9 leases of 4-bed houses within 1 mi ($13,615–$17,779).

Beds

4

Baths

4.5

Sqft

4,335

Year Built

2007

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026206SD

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

About This Property

An absolutely remarkable opportunity to own a flawless Bird Rock home at a truly unbelievable value! Located just a few homes from the ocean, this custom 2007-built Mediterranean villa captures rare south-facing panoramic whitewater views from Pacific Beach to the Coronado Islands in Mexico. Set on an unusually large, flat and usable 9,000 sq ft lot, this elevator-accessible two-story home was designed with a reverse floor plan and soaring 10ft ceilings to maximize its breathtaking ocean views from the kitchen, dining, family room, primary suite, and multiple view decks. The chef's kitchen features dual islands, high-end appliances and flows seamlessly to the main living spaces. The ground level offers three en-suite bedrooms, including a secondary primary suite, a bedroom with separate exterior entrance and bar/kitchenette - ideal as a private guest suite, or dream home office. A separate living area with hidden bar and custom 200-bottle temperature-controlled wine cellar opens directly to an expansive backyard that bears endless possibilities. Mature tropical landscaping, a covered patio, outdoor kitchen, large natural gas fire pit, and low-maintenance hand-laid mosaic and paver hardscape create a private resort-like setting. Located on a quiet, seldom traveled Cul-De-Sac setting, just steps away from Tourmaline Beach, restaurants, shopping, the boardwalk, Pacific Beach Point, Calumet Park, and much more. This home offers scale, privacy, walkability, panoramic views and now irreplaceable value. This is the best deal you will find on a Bird Rock custom home! Don't miss it!

Mortgage Calculator

Est. Monthly Payment

$37,805

Principal & Interest$30,707
Property Tax$5,495
Insurance$1,603
%($1,099,000)
%
Loan Term

Location

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Investment Score

0D
Est. Monthly Rent
$14,517

9 leases of 4-bed houses within 1 mi · $13,615–$17,779

Monthly Cashflow

Rent − PITIA

-$23,288
Full Cashflow

Incl. vacancy, PM, maint, capex

-$31,206

What would make this work?

$31,206/mo short at 20% down; +$40,528/mo rent closes it.

Break-even price

74% under asking

$1,449,166
Break-even rent

$40,528/mo above the estimate

$55,045/mo
Cashflow at 35% down
−$25,449/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)
$30,707
Cap Rate
0.05%
Cash-on-Cash
-34.07%
DSCR

Need ≥ 1.25 for DSCR loan

0.38

NOI (Annual)
$2,721
Price-to-Rent

Lower = better for investors

31.5

* 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.

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DCashflow−$31,206/mo