7635 Eads Ave #306
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7635 Eads Ave #306

Dbottom 20%

La Jolla, CA 92037

$1,275,000
STR: check · no permits in this complex · TOT 12.75%

192 licensed short-term rentals within ½ mile (158 whole home), from the cities' license and permit lists of Nov 10, 2026.

No unit in this 24-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$7,064/mo full cashflow at 20% down, 7.43% rate.

Works at $355,274 (72% under asking), or at all cash.

Rent $4,339/mo from 1 lease in this building (±1 bed). Previously leased for $4,000.

Beds

2

Baths

2

Sqft

1,180

Year Built

1985

Days on Market

45

Property Type

Condo

HOA/mo

$612

MLS ID

260023481SD

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

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About This Property

Ideally positioned in the heart of the Village of La Jolla, this beautifully maintained two-bedroom, two-bathroom top-floor end unit offers a rare combination of privacy, natural light, ocean views, and an exceptional location. Enjoy sit-down Southwest-facing water views from the living area and private balcony, creating a serene setting to relax, entertain, and take in the coastal surroundings. The light-filled interior features an inviting and functional floor plan with porcelain tile flooring, laminate flooring in the bedrooms, plantation shutters, and abundant closet space throughout. The generous storage makes the home especially functional for both full-time living and a coastal getaway. A private balcony extends the living space outdoors and provides the perfect vantage point to enjoy the views and La Jolla’s coastal atmosphere. In-unit laundry adds everyday convenience. The residence includes one assigned underground parking space and an additional assigned storage locker in the garage, providing valuable space beach equipment, luggage, and personal belongings. Set just moments from La Jolla’s renowned beaches, restaurants, boutiques, galleries, and everyday conveniences, this prime Village location puts the best of La Jolla right outside your door. Whether enjoyed as a full-time residence, coastal retreat, or investment property. This is an exceptional opportunity to experience the quintessential La Jolla lifestyle in a highly desirable Village setting.

Mortgage Calculator

Est. Monthly Payment

$9,342

Principal & Interest$7,083
Property Tax$1,275
Insurance$372
HOA$612
%($255,000)
%
Loan Term

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

2D
Est. Monthly Rent
$4,339

Previously leased for $4,000

1 lease in this building (±1 bed)

Monthly Cashflow

Rent − PITIA

-$5,003
Full Cashflow

Incl. vacancy, PM, maint, capex

-$7,064

What would make this work?

$7,064/mo short at 20% down; 100% down or +$9,174/mo rent closes it.

Break-even price

72% under asking

$355,274
Break-even rent

$9,174/mo above the estimate

$13,513/mo
Cashflow at 35% down
−$5,736/mo
Down payment to break even

$1,275,000 cash

100%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$7,083
Cap Rate
0.22%
Cash-on-Cash
-33.24%
DSCR

Need ≥ 1.25 for DSCR loan

0.46

NOI (Annual)
$2,838
Price-to-Rent

Lower = better for investors

24.5

* Modelled at 20% down, 7.43% 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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DCashflow−$7,064/mo