8308 Calle Del Cielo

8308 Calle Del Cielo

Dbottom 20%

La Jolla, CA 92037

$12,988,000
NEW — 1d

Pass at asking: -$85,683/mo full cashflow at 20% down, 7.43% rate.

Works at $1,832,002 (86% under asking); even all cash loses money at asking.

Rent $18,273/mo from 9 leases of 5-bed houses within 1 mi ($13,503–$30,837).

Beds

5

Baths

5

Sqft

6,433

Year Built

1990

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2610160

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

About This Property

Ocean views, expansive grounds, totally renovated Modern Mediterranean 4++ bedroom home ideally located at the end of the cul de sac. Offering privacy yet walkable to all that the Shores has to offer: beaches, restaurants, La Jolla Beach and Tennis Club! A comprehensive, permitted renovation transformed the approximately 6,433-square-foot home inside and out, with finishes thoughtfully selected throughout. Soaring ceilings, generous windows, and ocean vistas create an airy backdrop for interiors layered with new wood flooring, custom cabinetry, stone and marble surfaces, and a beautifully redesigned fireplace. Expansive living spaces flow to outdoor terraces, inviting open-air dining, sunset gatherings, and an exciting living experience. The massive gourmet kitchen is complemented by new appliances and abundant custom storage, while newly renovated baths and custom closets carry the same meticulous attention to detail. Beyond its visible transformation, the renovation includes a new roof, windows and exterior doors, HVAC systems, lighting, and extensive infrastructure improvements. The result is an exciting move-in-ready ocean view home. The grounds offer an equally compelling distinction: room to truly live outdoors. Completely redesigned, the backyard pairs a new infinity-edge pool and generous spa with broad recreation areas, dining and lounging terraces, a spacious grass yard, and mature privacy hedges. There is space for an intimate evening by the pool, a lively celebration, or an unhurried day with everyone at home. The property also offers room for a potential ADU with an outlook toward La Jolla Cove, subject to applicable approvals. Beyond the property, the Shores becomes an extension of everyday life. Walk to the sand, meet friends for dinner, and return to the calm of an established residential street where homes often remain in the same hands for decades. Convenient access to surrounding La Jolla and the freeway adds practicality to an exceptional coastal setting. It is understandable why so many call this the Best location in La Jolla. For those seeking an ocean-view home in La Jolla Shores, 8308 Calle Del Cielo offers something especially difficult to find: a fully rebuilt ocean view estate with generous usable land walkable to all amenities.

Mortgage Calculator

Est. Monthly Payment

$88,930

Principal & Interest$72,154
Property Tax$12,988
Insurance$3,788
%($2,597,600)
%
Loan Term

Location

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Investment Score

0D
Est. Monthly Rent
$18,273

9 leases of 5-bed houses within 1 mi · $13,503–$30,837

Monthly Cashflow

Rent − PITIA

-$70,657
Full Cashflow

Incl. vacancy, PM, maint, capex

-$85,683

What would make this work?

$85,683/mo short at 20% down; +$111,277/mo rent closes it.

Break-even price

86% under asking

$1,832,002
Break-even rent

$111,277/mo above the estimate

$129,550/mo
Cashflow at 35% down
−$72,154/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)
$72,154
Cap Rate
-1.17%
Cash-on-Cash
-39.58%
DSCR

Need ≥ 1.25 for DSCR loan

0.21

NOI (Annual)
-$151,386
Price-to-Rent

Lower = better for investors

59.2

* 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−$85,683/mo