7444 Draper Ave
Dbottom 20%La Jolla, CA 92037
One license per person in San Diego: whether you can hold it depends on you, not only the home.
This parcel holds a short-term rental license: Tier 3 (whole home), through Jan 2027. It doesn’t transfer: a buyer applies for their own.
197 licensed short-term rentals within ½ mile (157 whole home), from the cities' license and permit lists of Nov 3, 2026.
Pass at asking: -$8,295/mo full cashflow at 20% down, 7.49% rate.
Works at $324,496 (77% under asking); even all cash loses money at asking.
Rent $3,251/mo from 16 leases of studio–2 bed houses within 1 mi ($2,846–$5,335).
Beds
1
Baths
1
Sqft
440
Year Built
1948
Days on Market
—
Property Type
Single Family
HOA/mo
N/A
MLS ID
260026198SD
This property is in La Jolla (92037). View neighborhood stats →
About This Property
The cutest La Jolla Beach cottage! Amazing location! Close to restaurants, shops, schools, the beach and all that the village of La Jolla has to offer. On a level 2,430 sq ft lot with alley access, this offering provides opportunity to enhance. Adjacent property 7446 Draper Ave (APN#350-601-15-00) also for sale. Adjacent property 7446 Draper Ave (APN#350-601-15-00) also for sale.
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Est. Monthly Payment
$9,632
Location
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Zoned Schools
Elementary
La Jolla Elementary · grades K-5 · San Diego Unified
Middle
Muirlands Middle · grades 6-8 · San Diego Unified
High
La Jolla High · grades 9-12 · San Diego Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Investment Score
16 leases of studio–2 bed houses within 1 mi · $2,846–$5,335
Blended 50/50 with the zip's market median ($3,009)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$8,295/mo short at 20% down; +$10,773/mo rent closes it.
- Break-even price
- $324,496
- Break-even rent
- $14,024/mo
- Cashflow at 35% down
- −$6,828/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
77% under asking
$10,773/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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