7301 Encelia Drive

7301 Encelia Drive

D

La Jolla, CA 92037

$9,950,000

Beds

4

Baths

4

Sqft

5,004

Year Built

1950

Days on Market

36

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2600802

Description

SEALED BID SALE | BIDS TO BE DELIVERED TO: The Regents of the University of California Real Estate Services & Strategies 1111 Franklin St, 7th Floor Oakland, CA 94607-5200 ATTENTION: JULIE WONG NO LATER THAN 5PM PST ON APRIL 15, 2026 Perched high above the Pacific with panoramic views suspended between sea and sky, the former home of Theodor Seuss Geisel—known globally as Dr. Seuss, the most famous children’s author in the world—comes to market as one of La Jolla’s most storied residential offerings. Today, the property is widely regarded as one of the best view lots in all of Southern California, celebrated for its extraordinary elevation and sweeping coastal vistas. Originally designed in 1950 by master architect Thomas L. Shepherd, the estate was thoughtfully built around a pre-existing Spanish Revival observation tower dating back to 1923–1924, created to showcase the site’s remarkable outlook. From this hillside retreat, Geisel wrote 42 of his 68 published works, with the tower and adjoining office and study standing as enduring symbols of the property’s creative legacy. Both the observation tower and the office/study have been formally recognized for designation under the City of San Diego’s Historical Resource Board Criterion B and must remain. Extensively renovated while preserving its historic core, the 5,000+ square-foot estate sits on approximately 1.51 acres and includes a separate pool house, all positioned to capture breathtaking ocean, coastline, and sunset views. Located moments from the La Jolla Country Club, La Jolla Beach & Tennis Club, and the shops and dining of La Jolla Village, this is a truly rare opportunity where history, architecture, and setting converge. IMPORTANT NOTE: For all developers or potential buyers out there who are looking to do a lot split, tear down or complete renovation, the office and observation tower must remain.

Mortgage Calculator

Est. Monthly Payment

$63,165

Principal & Interest$50,313
Property Tax$9,950
Insurance$2,902
%($1,990,000)
%

Investment Score

0D
Est. Monthly Rent

Estimated Rent

$5,541
Monthly Cashflow

Rent − PITI − HOA

$-57,624
Full Cashflow

Incl. vacancy, PM, maint, capex

$-67,190

Mortgage (P+I)
$50,313
Cap Rate
-2.04%
Cash-on-Cash
-34.75%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.11
Break-even Rent
$63,165

NOI (Annual)
$-202,525
Price-to-Rent

Lower = better for investors

149.6

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

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