9603 La Jolla Farms
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9603 La Jolla Farms

C

La Jolla, CA 92037

$13,300,000
NEW — 1d

Beds

6

Baths

5.5

Sqft

5,175

Year Built

1967

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260013902SD

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

About This Property

A rare opportunity in La Jolla Farms has come on the market for the first time in over 60 years. Built by renowned developer Craig Scott, we are proud to offer this sprawling single level 5175 square foot home with 6 bedrooms and 3 ½ baths, a 928 square foot guest house and a 40x20 pool on a 1.1 acre site of 47,916 square feet with the potential for a lot split and two building sites. The property is ideal for a multigenerational family or those with many hobbies and a penchant for entertaining. The floor covering consists of wood plank, ceramic tile, carpet and vinyl plank and there are wood plantation style shutters and louvered blinds or draperies. The master suite includes built-in bookshelves, customized walk-in closets plus three additional closets. Special features include three separate garages which can accommodate six cars plus space nearby for four additional cars and a circular driveway with space for four to six cars, an upgraded alarm system, state of the art wi-fi, and two zone heating system. One of the garages has a 100-amp electrical subpanel and would be ideal as a workshop and the building could accommodate a second story ADU. Enjoy the resort-size swimming pool with diving board and ample patio space and grass for play and entertaining plus a 144 square foot cabana which could be developed into a one bedroom studio ADU. The ocean view guest house consists of 1 bedroom, 1 bath, living room, dining room and kitchen and a 390 square foot view deck with ocean views. There is potential to enlarge the guest house if desired. The home includes unlimited access to Black’s Beach on a private access road and the coveted “Keys to Blacks Beach” as well as patrolled security service 7 days a week in La Jolla Farms. Nearby attractions include The Birch Aquarium, The Estancia Hotel, Torrey Pines Golf Course and Lodge at Torrey Pines, UCSD and The La Jolla Playhouse, and the YMCA. University Town Center with its myriad of shops and restaurants and a theater complex is a short drive away. With quality construction, generous room sizes, potential for expansion and development and marry it to La Jolla’s prime location with estates on acre plus lots, you’ve got the best that La Jolla has to offer.

Mortgage Calculator

Est. Monthly Payment

$84,431

Principal & Interest$67,252
Property Tax$13,300
Insurance$3,879
%($2,660,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$21,886
Monthly Cashflow

Rent − PITIA

$-62,545
Full Cashflow

Incl. vacancy, PM, maint, capex

$-78,662

Mortgage (P+I)
$67,252
Cap Rate
-1.03%
Cash-on-Cash
-35.49%
DSCR

Need ≥ 1.25 for DSCR loan

0.26
Break-even Rent
$124,045

NOI (Annual)
$-136,921
Price-to-Rent

Lower = better for investors

50.6

* 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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