8308 Calle Del Cielo
Dbottom 20%La Jolla, CA 92037
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.
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Est. Monthly Payment
$88,930
Location
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Comparable Properties
5 comps foundThis Property
$18,273
Comp Average
$20,020
1718 Valdes
4bd / 6ba · 6,380 sqft · Single Family
$9.50M
Est. $30,171/mo
9090 La Jolla Shores Ln.
5bd / 6.5ba · 6,130 sqft · Single Family
$10.65M
Est. $13,506/mo
3013 Woodford Drive
5bd / 6.5ba · 6,777 sqft · Single Family
$9.87M
Est. $14,759/mo
2082 Via Casa Alta
5bd / 7ba · 6,930 sqft · Single Family
$13.95M
Est. $18,911/mo
1515 El Camino Del Teatro
5bd / 6ba · 7,590 sqft · Single Family
$17.50M
Est. $22,755/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 5-bed houses within 1 mi · $13,503–$30,837
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$85,683/mo short at 20% down; +$111,277/mo rent closes it.
- Break-even price
- $1,832,002
- Break-even rent
- $129,550/mo
- Cashflow at 35% down
- −$72,154/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
86% under asking
$111,277/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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