8477 El Paseo Grande #Share #3
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8477 El Paseo Grande #Share #3

Atop 10%

La Jolla, CA 92037

$1,184,000

Pass at asking: -$1,708/mo full cashflow at 20% down, 7.43% rate.

Works at $961,606 (19% under asking), or at 41% down.

Rent $9,591/mo from 8 leases of 3–5 bed houses within 0.5 mi ($10,484–$11,910).

Beds

4

Baths

3

Sqft

3,116

Year Built

2016

Days on Market

236

Property Type

Single Family

HOA/mo

N/A

MLS ID

260003591SD

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

Virtual Tour

About This Property

New co-ownership opportunity: Own one-eighth of this professionally managed, turnkey home by Pacaso. Discover refined seaside living at its best with this architectural gem just steps from the sands of La Jolla Shores. Currently undergoing a full remodel and redesign, this home is being transformed with fresh, modern finishes to elevate its already striking coastal presence. Clean lines and expansive glass seamlessly connect indoor spaces with the vibrant ocean ambiance, while wide decks on both levels provide sweeping views of surf and parkland—perfect for sunsets or enjoying the rhythm of the waves. Entertain effortlessly in the great room anchored by a glowing fireplace and flowing into a chef-ready kitchen with premium appliances and an open-plan layout. A second fireplace in the primary suite adds warmth and intimacy. Evenings extend outdoors where a poolside terrace and fire pit create an inviting space, enhanced by the sounds of coastal breezes and distant surf. With a thoughtful layout, high-end finishes including wood and tile flooring, central air for year-round comfort, and a two-car attached garage, this home delivers the ultimate California coastal experience. Professionally managed by Pacaso, it offers turnkey ownership where you can live simply, lounge luxuriously, and enjoy La Jolla’s coastal charm every day—now reimagined through its stunning remodel and redesign.

Mortgage Calculator

Est. Monthly Payment

$8,107

Principal & Interest$6,578
Property Tax$1,184
Insurance$345
%($236,800)
%
Loan Term

Location

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Investment Score

72A
Est. Monthly Rent
$9,591

8 leases of 3–5 bed houses within 0.5 mi · $10,484–$11,910

Blended 50/50 with the zip's market median ($7,943)

Monthly Cashflow

Rent − PITIA

+$1,484
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,708

What would make this work?

$1,708/mo short at 20% down; 41% down or +$2,218/mo rent closes it.

Break-even price

19% under asking

$961,606
Break-even rent

$2,218/mo above the estimate

$11,809/mo
Cashflow at 35% down
−$475/mo
Down payment to break even

$485,440 cash

41%
Rate to break even

at 20% down

4.62%

Mortgage (P+I)
$6,578
Cap Rate
5.42%
Cash-on-Cash
-8.66%
DSCR

Need ≥ 1.25 for DSCR loan

1.18

NOI (Annual)
$64,187
Price-to-Rent

Lower = better for investors

10.3

* 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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ACashflow−$1,708/mo