7509 Draper Ave
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7509 Draper Ave #306

D

La Jolla, CA 92037

$915,500

Soft Appraisal Value: $905,900 · 1.1% above estimate

Beds

2

Baths

2

Sqft

938

Year Built

2000

Days on Market

109

Property Type

Condo

HOA/mo

$682

MLS ID

260003436SD

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

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About This Property

Single level 2 bedroom, 2 bath 938 square foot penthouse pied-a terre in the heart of La Jolla Village in Bella Capri with an assigned underground parking space and an interior private laundry. The efficient kitchen has stainless steel appliances and a gas stove top, custom maple cabinetry and granite counter tops. The master suite has a sliding door to the balcony with a view of the night lights from Mt. Soledad. The guest bedroom has a peek of the ocean and a walk-in closet. There are ceiling fans and lots of natural light throughout. This condo is ideal as a primary home, rental or second home. Come see for yourself.

Mortgage Calculator

Est. Monthly Payment

$6,494

Principal & Interest$4,629
Property Tax$916
Insurance$267
HOA$682
%($183,100)
%

Location

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Investment Score

16D
Est. Monthly Rent
$4,120
Monthly Cashflow

Rent − PITIA

$-2,374
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,084

Mortgage (P+I)
$4,629
Cap Rate
0.71%
Cash-on-Cash
-26.77%
DSCR

Need ≥ 1.25 for DSCR loan

0.63
Break-even Rent
$9,424

NOI (Annual)
$6,540
Price-to-Rent

Lower = better for investors

18.5

* 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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