8870 Villa La Jolla Dr

8870 Villa La Jolla Dr

D

La Jolla, CA 92037

$949,000

Beds

3

Baths

2

Sqft

1,426

Year Built

1985

Days on Market

11

Property Type

Condo

HOA/mo

$742

MLS ID

260006406SD

Description

A rare opportunity to own a single-level 3-bedroom corner unit in La Jolla 92037 under $1M, a combination seldom available in this coastal market. Privately positioned within the sought-after Boardwalk community, this home offers long-term ownership flexibility. The open living and dining great room flows to a private balcony with serene, tree-lined views. The updated kitchen features double ovens, ample storage, and a functional layout. Three well-sized bedrooms provide options for guests, workspace, or additional living needs. Wide plank flooring, upgraded features, and in-unit laundry add convenience. Enjoy secure, gated underground parking with two assigned spaces, two storage units, elevator access to your floor, secure building entry, trash chute access on each level, and nearby guest parking. HOA dues include water, gas, and trash. The community offers lush tropical landscaping and amenities including pool, spa, tennis/pickleball courts, sauna, clubroom, and EV charging stations. Located near UCSD, the biotech corridor, major tech employers, leading medical centers, and iconic beaches. Directly across the street is one of La Jolla’s favorite shopping centers featuring Whole Foods, dining, shopping, and a movie theatre. Walkable to the trolley with direct access to Little Italy and Mission Valley. Opportunities to secure a true three-bedroom, single-level residence in La Jolla at this price point are limited

Mortgage Calculator

Est. Monthly Payment

$6,766

Principal & Interest$4,799
Property Tax$949
Insurance$277
HOA$742
%($189,800)
%

Investment Score

13D
Est. Monthly Rent
$7,064
Monthly Cashflow

Rent − PITI − HOA

+$297
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,118

Mortgage (P+I)
$4,799
Cap Rate
3.39%
Cash-on-Cash
-13.39%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

1.04
Break-even Rent
$9,815

NOI (Annual)
$32,165
Price-to-Rent

Lower = better for investors

11.2

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

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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