8361 Calle Del Cielo
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8361 Calle Del Cielo

Dbottom 20%

La Jolla, CA 92037

$6,950,000
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.

101 licensed short-term rentals within ½ mile (87 whole home), from the cities' license and permit lists of Nov 10, 2026.

Pass at asking: -$44,105/mo full cashflow at 20% down, 7.43% rate.

Works at $1,207,495 (83% under asking); even all cash loses money at asking.

Rent $12,044/mo from 12 leases of 3–5 bed houses within 0.5 mi, same school area ($10,833–$20,160).

Beds

4

Baths

5

Sqft

3,327

Year Built

1953

Days on Market

43

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023536SD

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

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About This Property

Situated on a nearly half-acre lot in one of La Jolla's most coveted neighborhoods, 8361 Calle Del Cielo presents a rare opportunity to own a truly special property in La Jolla Shores. The property offers ocean views, a single-level residence, privacy, a pool and an exceptional location just a few blocks from La Jolla Shores Beach. The floor plan offers expansive living spaces with vaulted ceilings and ocean views from each of the four bedrooms and throughout the home. The spacious primary suite enjoys panoramic ocean and garden views, dual bathrooms and walk-in closets and a private patio. The home opens beautifully to its private grounds through French doors, revealing expansive patios, lush landscaping and a sparkling pool and spa, an ideal setting for enjoying La Jolla’s year-round climate. The property provides a sense of space and privacy that is rare in La Jolla Shores, with ample off street parking and owned solar. The substantial lot offers possibilities, including the potential to add a second story and further capture ocean views. For the buyer waiting for the right La Jolla Shores property on an exceptional lot, this is a chance to bring their vision to a truly irreplaceable setting. Nearby is the La Jolla Beach and Tennis Club, La Jolla Cove, Birch Aquarium, Torrey Pines Golf Course, La Jolla Playhouse and world-class dining. Whether preserving its timeless coastal character, refreshing the existing home, or creating an entirely new vision, 8361 Calle Del Cielo is a rare La Jolla jewel; offering a combination of location, land, views, and unlimited potential.

Mortgage Calculator

Est. Monthly Payment

$47,587

Principal & Interest$38,610
Property Tax$6,950
Insurance$2,027
%($1,390,000)
%
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
$12,044

12 leases of 3–5 bed houses within 0.5 mi, same school area · $10,833–$20,160

Monthly Cashflow

Rent − PITIA

-$35,543
Full Cashflow

Incl. vacancy, PM, maint, capex

-$44,105

What would make this work?

$44,105/mo short at 20% down; +$57,279/mo rent closes it.

Break-even price

83% under asking

$1,207,495
Break-even rent

$57,279/mo above the estimate

$69,323/mo
Cashflow at 35% down
−$36,866/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)
$38,610
Cap Rate
-0.84%
Cash-on-Cash
-38.08%
DSCR

Need ≥ 1.25 for DSCR loan

0.25

NOI (Annual)
-$58,711
Price-to-Rent

Lower = better for investors

48.1

* 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−$44,105/mo