8511 Avenida De Las Ondas
Dbottom 20%La Jolla, CA 92037
One license per person in San Diego: whether you can hold it depends on you, not only the home.
50 licensed short-term rentals within ½ mile (44 whole home), from the cities' license and permit lists of Nov 11, 2026.
Pass at asking: -$45,767/mo full cashflow at 20% down, 7.43% rate.
Works at $991,131 (86% under asking); even all cash loses money at asking.
Rent $9,886/mo from 10 leases of 2–4 bed houses within 0.5 mi, same school area ($9,098–$10,894).
Beds
3
Baths
3
Sqft
2,411
Year Built
1955
Days on Market
144
Property Type
Single Family
HOA/mo
N/A
MLS ID
260014906SD
This property is in La Jolla (92037). View neighborhood stats →
About This Property
Ocean views abound on a quiet, coveted cul-de-sac in La Jolla Shores! This special .4-acre property delivers immediate coastal serenity the moment you arrive. The first thing you notice is the sound of waves lapping the shore, a daily reminder that you’re steps from the ocean. With no CC&Rs, the property presents a rare opportunity to refresh, reimagine, or build your ocean-view dream home in one of La Jolla’s most desirable pockets. The existing residence wraps gracefully around a private courtyard, creating easy indoor/outdoor living. Enjoy a cozy library/office for focused work or reading, a breakfast nook for morning coffee, and an ocean-view living room anchored by a fireplace — perfect for relaxing evenings with sunset views in sight. A discreet street, expansive lot, and excellent potential make this property a unique opportunity to create a sublime coastal residence.
Mortgage Calculator
Est. Monthly Payment
$47,587
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.
Comparable Properties
5 comps foundThis Property
$9,886
Comp Average
$9,767
8338 La Jolla Shores Dr
4bd / 3.5ba · 2,357 sqft · Single Family
$7.85M
Est. $10,152/mo
1299 Virginia Way
3bd / 2.5ba · 2,515 sqft · Single Family
$4.60M
Est. $9,153/mo
7857 Eads Ave
3bd / 3ba · 2,548 sqft · Single Family
$9.75M
Est. $9,985/mo
351 Fern Glen
3bd / 3ba · 1,925 sqft · Single Family
$5.79M
Est. $8,412/mo
6621 Neptune Place
3bd / 3ba · 2,172 sqft · Single Family
$10.70M
Est. $11,133/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
10 leases of 2–4 bed houses within 0.5 mi, same school area · $9,098–$10,894
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$45,767/mo short at 20% down; +$59,437/mo rent closes it.
- Break-even price
- $991,131
- Break-even rent
- $69,323/mo
- Cashflow at 35% down
- −$38,527/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
86% under asking
$59,437/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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