8238 Paseo Del Ocaso
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8238 Paseo Del Ocaso

C

La Jolla, CA 92037

$4,850,000

Soft Appraisal Value: $4,643,000 · 4.5% above estimate

Beds

4

Baths

3

Sqft

2,021

Year Built

1977

Days on Market

93

Property Type

Single Family

HOA/mo

N/A

MLS ID

260007207SD

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

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About This Property

Compelling price adjustment on the quintessential beach cottage! This fully reimagined 4 bed, 3 bath coastal cottage was taken down to the studs and rebuilt in 2022, blending fresh design with effortless California charm. Wholly owned solar, inground swimming pool, spa and grassy turf make this a home that lives inside and out. Vaulted ceilings + warm hardwood floors set the vibe, and the open floor plan flows like ocean air through every sunlit space. Turnkey and move-in ready - don't miss this opportunity to call the Shores home - just in time for Summer!!! Turn-key and design forward this home includes three breezy decks, a sparkling pool with Baja ledge, and a spa made for sunset unwinding. Got toys? There’s a flat grassy play area for fun, a 2-car garage with EV charger, and fully owned solar keeping things bright and efficient. And the best part? You’re just steps from the Pacific—morning surf, golden hour strolls, and sandy toes included. This isn’t just a home… it’s a whole mood and just outside your door are the conveniences of La Jolla Shores shops and restaurants, steps to the beach, the shopping and easy access to UCSD and the freeway. Airports, public and private, 30 minutes away.

Mortgage Calculator

Est. Monthly Payment

$30,789

Principal & Interest$24,524
Property Tax$4,850
Insurance$1,415
%($970,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$8,285
Monthly Cashflow

Rent − PITIA

$-22,504
Full Cashflow

Incl. vacancy, PM, maint, capex

$-28,451

Mortgage (P+I)
$24,524
Cap Rate
-0.97%
Cash-on-Cash
-35.20%
DSCR

Need ≥ 1.25 for DSCR loan

0.27
Break-even Rent
$45,235

NOI (Annual)
$-47,127
Price-to-Rent

Lower = better for investors

48.8

* 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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