8799 Gilman Drive

8799 Gilman Drive

D

La Jolla, CA 92037

$999,999

Beds

2

Baths

2

Sqft

1,241

Year Built

1980

Days on Market

145

Property Type

Condo

HOA/mo

$624

MLS ID

NDP2509689

Description

Perfectly situated near UCSD, this upstairs La Jolla Terrace residence offers 2 bedrooms and 2 full bathrooms with vaulted ceilings in the living and dining areas. The layout provides privacy between the bedrooms, with the primary suite’s spacious bathroom and walk-in closet creating separation from the second bedroom. The primary suite also features dual vanities, a jetted soaking tub, and a private water closet. From both the primary bedroom and the living room, step out to a private balcony with serene pool views. A sleek black-tiled fireplace adds warmth and character to the living space. The kitchen is finished with granite countertops and stainless-steel appliances, and the laundry is conveniently located in the hall bathroom. The oversized two-car garage is just steps from the entry, with guest parking ideally placed on the balcony side of the building. An excellent opportunity for faculty, professionals, or anyone seeking a well-located La Jolla home close to UTC, shopping, dining, and the best of coastal living.

Mortgage Calculator

Est. Monthly Payment

$6,972

Principal & Interest$5,057
Property Tax$1,000
Insurance$292
HOA$624
%($200,000)
%

Investment Score

2D
Est. Monthly Rent

Market Rent Estimate

$3,920
Monthly Cashflow

Rent − PITI − HOA

$-3,053
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,787

Mortgage (P+I)
$5,057
Cap Rate
0.32%
Cash-on-Cash
-18.32%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.78
Break-even Rent
$6,973

NOI (Annual)
$3,229
Price-to-Rent

Lower = better for investors

21.3

* Defaults: 20% down, 6.5% rate, 30yr.

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