7716 Lookout Drive

7716 Lookout Drive

C

La Jolla, CA 92037

$5,250,000

Beds

3

Baths

3

Sqft

3,186

Year Built

1937

Days on Market

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2606728

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

About This Property

The iconic Lowry McClanahan/Thomas Shepherd Residence is available — an architectural jewel and historically designated landmark (HRB No. 710), complete with a Mills Act agreement for significant property tax savings. Tucked away on a quiet street in the esteemed La Jolla Hills and designed in 1936 by Master Architect, Thomas Shepherd, this Colonial Revival estate has been lovingly restored, offering timeless elegance across a generous .33-acre lot framed by lush privacy hedges and manicured gardens. Every detail of this home speaks to its pedigree — from the original oak flooring, intricate millwork, and built-ins, to the natural light that fills each carefully curated space. The main level offers a versatile layout ideal for modern living and entertaining. The grand living room features classic wainscoting, an original masonry fireplace, and French doors that open to a serene loggia with views of the expansive backyard. A charming formal dining room with bay window and corner built-ins flows into a beautifully updated chef’s kitchen and butler’s pantry, complete with creamy white cabinetry, Corian countertops, paneled appliances, and a walnut-topped center island. Step onto the elevated entertaining deck or enjoy alfresco dining surrounded by roses below. Upstairs, three spacious bedrooms and two full baths include a private primary suite with dual walk-in closets and a sun-drenched en-suite bath. A cozy den, powder room, and rare basement/utility space add to the home’s function and charm. 7716 Lookout Drive is more than just a residence — it’s a legacy. A rare offering to own a masterwork of La Jolla’s architectural heritage and create the next chapter in its storied history.

Mortgage Calculator

Est. Monthly Payment

$33,328

Principal & Interest$26,547
Property Tax$5,250
Insurance$1,531
%($1,050,000)
%

Investment Score

0D
Est. Monthly Rent
$7,898
Monthly Cashflow

Rent − PITIA

$-25,430
Full Cashflow

Incl. vacancy, PM, maint, capex

$-31,621

Mortgage (P+I)
$26,547
Cap Rate
-1.16%
Cash-on-Cash
-36.14%
DSCR

Need ≥ 1.25 for DSCR loan

0.24
Break-even Rent
$48,965

NOI (Annual)
$-60,894
Price-to-Rent

Lower = better for investors

55.4

* 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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