821 Coast
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821 Coast

Dbottom 20%

La Jolla, CA 92037

$6,200,000
STR: check · HOA rules unknown · TOT 12.75%

12 licensed short-term rentals within ½ mile (7 whole home), from the cities' license and permit lists of Nov 10, 2026.

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$41,599/mo full cashflow at 20% down, 7.43% rate.

Works at $783,636 (87% under asking); even all cash loses money at asking.

Rent $7,817/mo from 14 leases of 3-bed condos & townhomes within 2 mi ($6,519–$8,475).

Beds

3

Baths

3.5

Sqft

2,185

Year Built

2026

Days on Market

105

Property Type

Condo

HOA/mo

N/A

MLS ID

260018317SD

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

Virtual Tour

About This Property

The Dorothy Cottage at 821 Coast Blvd South is one of two historic bungalows at 800 Coast, part of the Village of La Jolla's first ground-up new, and uber-luxurious residential development in more than 40 years. Built c. 1904, Dorothy retains Victorian-era beach bungalow details: a hip roof, board-and-batten frame, horizontal clapboards, and single-hung windows with diamond-shaped glass. This single-family detached residence offers 3 bedrooms, 3 baths + powder bath, a 2-car garage, and 2,185 SF, finished with the finest quality materials by Hall of Fame builder and renowned designer, Dawn Davidson. Leave the car behind and stroll to the Village's world-class restaurants, along with chic boutiques, an acclaimed contemporary art museum, and exceptional beaches. This is coastal living, elevated. Originally built in 1904, The Dorothy Cottage is tucked into the picturesque La Jolla coastline. Reflective of beach bungalows from the Victorian era, this home features notable architectural elements including a hip roof, board and batten frame, horizontal clapboards, and single hung windows adorned with diamond-shaped lights. “Dorothy” holds a special place in La Jolla’s historical, cultural, social, economic, aesthetic, and architectural development. This rare beach bungalow is one of the few remaining homes from this period. It’s deep history offers a unique glimpse into the past. The fully-restored Dorothy Cottage is designed to embrace current lifestyles while preserving the charm and rich character of early 20th century coastal living. The Dorothy Cottage has been meticulously tailored to reinvigorate and restore with its stunning balanced architectural detailing including authentic beach siding, cobblestone, shingles and white trim, custom wood clad doors and windows, custom stairs and railing, wood flooring throughout, rift cut oak and white custom cabinetry, a gas fireplace, and more. Live the authentic La Jolla coastal lifestyle while enjoying ocean breezes from captivating outdoor spaces that compliment luxurious interiors. Features include a private gated entry, private garage, BBQ terrace and courtyards, lush landscaping, and more. The innovative and fully-connected kitchen is open and inviting with state-of-the-art detailing, including Professional Monogram appliances, entertainers sink, rift oak and white custom cabinetry, Italian porcelain slab countertops, a social island, and an under counter wine refrigerator. The en-suite bath sanctuaries include customized designer elements with luxurious finishes and fixtures including crisp white custom cabinetry, stone and Italian porcelain slab surfaces, designer plumbing fixtures and smart toilets in the primary bath.

Mortgage Calculator

Est. Monthly Payment

$42,452

Principal & Interest$34,444
Property Tax$6,200
Insurance$1,808
%($1,240,000)
%
Loan Term

Location

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Comparable Properties

2 comps found

This Property

$7,817

vs

Comp Average

$12,016

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent
$7,817

14 leases of 3-bed condos & townhomes within 2 mi · $6,519–$8,475

Monthly Cashflow

Rent − PITIA

-$34,635
Full Cashflow

Incl. vacancy, PM, maint, capex

-$41,599

What would make this work?

$41,599/mo short at 20% down; +$54,025/mo rent closes it.

Break-even price

87% under asking

$783,636
Break-even rent

$54,025/mo above the estimate

$61,842/mo
Cashflow at 35% down
−$35,141/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$34,444
Cap Rate
-1.31%
Cash-on-Cash
-40.26%
DSCR

Need ≥ 1.25 for DSCR loan

0.18

NOI (Annual)
-$81,177
Price-to-Rent

Lower = better for investors

66.1

* 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−$41,599/mo