$10,115,000
●
House -
Off Market
8470 El Paseo Grande
La Jolla, CA 92037
3 Beds
3 Baths
2,719 Ft²
$16,039,575
RealtyHop Estimate
46.08%
Since Aug 1, 2020
CA-San Diego
Primary Model
About This Property
Oceanfront beach home providing a rare opportunity to own 1 of just
22 highly coveted parcels on La Jolla Shores Beach. Recently
refreshed including refinished hardwood flooring, freshly painted
interior and exterior, new carpet and new appliances. A gated entry
opens onto a private courtyard with a detached 1BR/1BA guest house.
The single-level, 2BR/2BA main home showcases voluminous vaulted
ceilings, an expansive oceanfront deck, and extraordinary views
overlooking the ocean, surf, sand and sunsets..
Neighborhoods: La Jolla Shores Equipment: Dryer,Garage
Door Opener, Washer Other Fees: 0 Sewer: Sewer Connected
Topography: GSL Frontage: Ocean/Sand
Unit Size
2,719 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$4,038
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (SDMLS #200030880)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 7, 2020 | Sold | ||
| Sold | |||
| Jul 3, 2020 | Listed by Berkshire Hathaway HomeService | $10,980,000 | |
| Listed by Berkshire Hathaway HomeService | |||
| Apr 7, 2017 | Sold | ||
| Sold | |||
| Jun 1, 2016 | Listed by Pacific Sotheby's Int'l Realty | $10,800,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
| | |||
|
Steps to the Sand! One of only 22 oceanfront homes in La Jolla Shores. Surf out your front door. Cottage living now with incredible potential for development. Single level home includes 2 bedroom/2 bath main house with bleached hardwood floors and vaulted ceilings. The fantastic great room opens onto a large ocean front terrace overlooking the Pacific Ocean. Private courtyard leads to 1 bedroom, 1 bath guest house. 11,770 square foot lot; off street parking; irreplaceable seawall; 61' beach front! Neighborhoods: La Jolla Shores Equipment: Dryer,Garage Door Opener, Range/Oven, Washer Other Fees: 0 Sewer: Sewer Connected Topography: LL
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Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Northern San Diego
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Listed by: Maxine Gellens, Berkshire Hathaway HomeService
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 200030880
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 200030880
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