7231 Rue Michael
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7231 Rue Michael

D

La Jolla, CA 92037

$3,999,000

Soft Appraisal Value: $3,820,300 · 4.7% above estimate

Beds

3

Baths

2

Sqft

2,378

Year Built

1980

Days on Market

9

Property Type

Single Family

HOA/mo

N/A

MLS ID

260011428SD

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

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About This Property

Checks all the boxes….This three bedroom, two bath single level 2378 square foot home with a one bedroom, one bath plus kitchenette casita has everything you have been looking for. A breathtaking north shore white water ocean view awaits you when you walk into the living room with its open beam cathedral ceiling. There is a two-sided fireplace that separates the living room from the dedicated dining room, and a very large eat in kitchen with Subzero and Dacor appliances and more storage than you ever imagined. The third bedroom is currently being used as an office with built-ins, but could easily revert to a bedroom, and the oversized extended master provides sunrise and sunset views. The very spacious master bath with a stand alone tub and shower has been recently remodeled. There is an exercise resistance pool in a very private backyard patio overlooking vast undisturbed open spaces, a sheltered patio for outdoor entertaining between the house and the casita, and ample parking in both the front and the rear of the house. Fast possession is possible. We think it will check all the boxes for you.

Mortgage Calculator

Est. Monthly Payment

$25,386

Principal & Interest$20,221
Property Tax$3,999
Insurance$1,166
%($799,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$7,840
Monthly Cashflow

Rent − PITIA

$-17,546
Full Cashflow

Incl. vacancy, PM, maint, capex

$-22,682

Mortgage (P+I)
$20,221
Cap Rate
-0.74%
Cash-on-Cash
-34.03%
DSCR

Need ≥ 1.25 for DSCR loan

0.31
Break-even Rent
$37,297

NOI (Annual)
$-29,528
Price-to-Rent

Lower = better for investors

42.5

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

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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