8524 Via Mallorca #G
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8524 Via Mallorca #G

Atop 10%

La Jolla, CA 92037

$450,000
NEW — 1d
STR: check · no permits in this complex · TOT 12.75%

15 licensed short-term rentals within ½ mile (9 whole home), from the cities' license and permit lists of Nov 13, 2026.

No unit in this 72-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$1,536/mo full cashflow at 20% down, 7.36% rate.

Works at $248,865 (45% under asking), or at 70% down.

Rent $2,990/mo from 1 lease in this building.

Beds

1

Baths

1

Sqft

691

Year Built

1972

Days on Market

1

Property Type

Condo

HOA/mo

$400

MLS ID

260022436SD

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

About This Property

Centrally located in La Jolla Village minutes from UCSD campus, Nobel Drive Trolley Station, some of the highest rated beaches in the world and shopping centers. This blank canvas unit is ready for your imagination and is an excellent opportunity to build in your own equity for years to come. Great community amenities including heated pool & spa, fitness center & clubhouse. The location also provides a strong long term rental investment in a high demand area.

Mortgage Calculator

Est. Monthly Payment

$3,464

Principal & Interest$2,483
Property Tax$450
Insurance$131
HOA$400
%($90,000)
%
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

66A
Est. Monthly Rent
$2,990

1 lease in this building

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$474
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,536

What would make this work?

$1,536/mo short at 20% down; 70% down or +$1,995/mo rent closes it.

Break-even price

45% under asking

$248,865
Break-even rent

$1,995/mo above the estimate

$4,985/mo
Cashflow at 35% down
−$1,071/mo
Down payment to break even

$315,000 cash

70%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,483
Cap Rate
2.92%
Cash-on-Cash
-20.49%
DSCR

Need ≥ 1.25 for DSCR loan

0.86

NOI (Annual)
$13,150
Price-to-Rent

Lower = better for investors

12.5

* Modelled at 20% down, 7.36% 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−$1,536/mo