7227 Olivetas Ave

7227 Olivetas Ave

D

La Jolla, CA 92037

$3,998,000
NEW — 1d on market

Beds

4

Baths

3

Sqft

2,278

Year Built

1930

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260004844SD

View on MLS

Description

Immaculate and charming Spanish gem located on one of the best streets in the Beach and Barber Tract. This storybook residence sits on a large corner lot with exquisite gardens, lush planters, colorful blooms and is fondly called the neighborhood’s “Butterfly House.” This quintessential jewel epitomizes coastal living. In a world where privacy is becoming increasingly elusive, this property offers an opportunity for ultra-anonymity - a rare luxury near the waterfront. Bright and beachy interiors are both relaxed and refined in the 3 bed, 2 bath main residence, and 1 bed, 1 bath guest house. Well-proportioned rooms look to the ocean and mingle with salty air. Historic specimen trees dot the organic paradise. Seaside living has never looked so chic. Immaculate and charming Spanish gem located on one of the best streets in the Beach and Barber Tract. This storybook residence sits on a large corner lot with exquisite gardens, lush planters, colorful blooms and is fondly called the neighborhood’s “Butterfly House.” This quintessential jewel epitomizes coastal living. In a world where privacy is becoming increasingly elusive, this property offers an opportunity for ultra-anonymity - a rare luxury near the waterfront. Bright and beachy interiors are both relaxed and refined in the 3 bed, 2 bath main residence, and 1 bed, 1 bath guest house. Well-proportioned rooms look to the ocean and mingle with salty air. Historic specimen trees dot the organic paradise. Seaside living has never looked so chic.

Mortgage Calculator

Est. Monthly Payment

$25,380

Principal & Interest$20,216
Property Tax$3,998
Insurance$1,166
%($799,600)
%

Investment Score

0D
Est. Monthly Rent

Estimated Rent

$4,882
Monthly Cashflow

Rent − PITI − HOA

$-20,498
Full Cashflow

Incl. vacancy, PM, maint, capex

$-24,953

Mortgage (P+I)
$20,216
Cap Rate
-1.42%
Cash-on-Cash
-30.76%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.24
Break-even Rent
$25,380

NOI (Annual)
$-56,838
Price-to-Rent

Lower = better for investors

68.2

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

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