8305 Calle Del Cielo
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8305 Calle Del Cielo

Dbottom 20%

La Jolla, CA 92037

$8,500,000
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

104 licensed short-term rentals within ½ mile (89 whole home), from the cities' license and permit lists of Nov 11, 2026.

Pass at asking: -$55,448/mo full cashflow at 20% down, 7.43% rate.

Works at $1,280,571 (85% under asking); even all cash loses money at asking.

Rent $12,773/mo from 13 leases of 3–5 bed houses within 0.5 mi, same school area ($11,549–$20,638).

Beds

4

Baths

3.5

Sqft

3,731

Year Built

1954

Days on Market

229

Property Type

Single Family

HOA/mo

N/A

MLS ID

260007171SD

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

Virtual Tour

About This Property

Outstanding ocean-view showplace awaits construction in prestigious La Jolla Shores cul-de-sac. This rare Shores opportunity to build a 6-bed, 7-bath, 1/2-half bath, 11,754-SF masterpiece with exceptional views, first-rate walkability, and a fully-approved, shovel-ready CDP, is an opportunity of a lifetime. Permits and school fees have been paid for, you can begin building tomorrow! Architectural plans include a contemporary stunner with floor-to-ceiling windows, dramatic two-story great room, wonderful indoor-outdoor flow, and sophisticated water features. With its perfect blend of privacy, near-beach location, stunning neighboring properties, and the ability to customize finishes in an already superbly-designed home, this is your chance to live a most exceptional coastal lifestyle.

Mortgage Calculator

Est. Monthly Payment

$58,200

Principal & Interest$47,221
Property Tax$8,500
Insurance$2,479
%($1,700,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Torrey Pines 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

0D
Est. Monthly Rent
$12,773

13 leases of 3–5 bed houses within 0.5 mi, same school area · $11,549–$20,638

Monthly Cashflow

Rent − PITIA

-$45,427
Full Cashflow

Incl. vacancy, PM, maint, capex

-$55,448

What would make this work?

$55,448/mo short at 20% down; +$72,011/mo rent closes it.

Break-even price

85% under asking

$1,280,571
Break-even rent

$72,011/mo above the estimate

$84,784/mo
Cashflow at 35% down
−$46,594/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)
$47,221
Cap Rate
-1.07%
Cash-on-Cash
-39.14%
DSCR

Need ≥ 1.25 for DSCR loan

0.22

NOI (Annual)
-$91,062
Price-to-Rent

Lower = better for investors

55.5

* 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−$55,448/mo