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6653 Neptune Unit Share B
F Composite 32.47
Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Appreciation +8.1/10.0
  • ARV discount +7.5/15.0
  • Condition / age +4.8/5.0
  • Livability +3.8/5.0
  • Rent growth +3.1/5.0
  • Cash flow +2.9/30.0
  • Schools +2.5/10.0
  • 1% rule +0.0/10.0
  • DSCR +0.0/10.0

$1,335,000

6653 Neptune Unit Share B · San Diego, CA 92037
3 bd · 4.5 ba · 3,124 sqft · SingleFamily · 284 Days on market
Built 2012 Excellent condition 2-car garage $427/sqft · 64% below area ↓ 1% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Own one-eighth of this professionally managed, turnkey home. This is multi-tasking, La Jolla style: Catch the perfect sunset as you splash in the ocean waves or sip a cool drink in the rooftop saltwater pool. The surf breaks just steps from this 3-bedroom, 4½ bath custom home. Everything is designed to make the most of the Pacific views. Vanishing window walls transform indoor spaces into open-air living at its finest. The open plan living space has a gas fireplace and a sleek kitchen with a curved island and a space for formal dining. Unique materials and touchable textures are used throughout the home, including a back-lit Brazilian granite steam room.

Key facts

  • Wet bar
  • Private balcony
  • 8-person spa

Tags

ROOFTOP SALTWATER POOLVANISHING WINDOW WALLSPRIVATE BALCONYROOFTOP INFINITY POOL8-PERSON SPAWET BAR

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/4.5-bath single-family listed at $1.33M. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-4k ($-53k/yr) — negative.
  • To cash-flow at today's rent, offer at most $697k (47.8% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $609k (54.4% below list).
  • Recommended offer: $609k (54.4% below list) — sets the bar for 1% rule.

Location & tenants

  • Location reads 75/100 on livability (#123 in CA, #4,206 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: health & safety C-, crime D+, cost of living F.
  • San Diego Unified (urban): math 19% / reading 29% proficiency, ranked #393 of 517 in CA (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
  • Zoned schools: La Jolla Elementary (489 students, 18% FRL); Muirlands Middle (math 24% / reading 24%, grade F, #277 of 498 statewide, top 73%, 696 students, 25% FRL); La Jolla High (1,227 students, 26% FRL) — zoned schools average 23% FRL vs 52% district-wide (29 pts lower); this property's tenant base skews higher-income than the district average.
  • Market conditions: Rents rising (+2.4%/yr); 355 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals lingering (median 69d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 11,759 units permitted in San Diego County in 2024 (7,244 in 5+ unit buildings).
  • At $6,093/mo this rent would consume 50% of the median local household income ($147k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • In year one you build about $91k of equity ($9k loan paydown + $81k appreciation (6.1% local appreciation)).
  • San Diego County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • By year 2, paydown + projected appreciation supports a ~$145k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 284 days — a 12% lower offer ($1.17M) is reasonable based on typical stale-listing flexibility.
Recommended offer $609,339 (54.4% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 284 days. Have you received any prior offers? Is the seller open to a 54% concession, seller financing, or rate buy-down credit?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
0.46%
Cap rate
2.33%
Cash-on-cash
-14.16%
DSCR
0.37
GRM
18.3

CMA / ARV

ARV (median comp)
$3,757,098
List price
$1,335,000
Delta
-64.47%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
6653 Neptune 0.00mi 3/6.0 3,124 (0%) 16mo $1,335,000 $427 81
7076 Neptune Pl 0.39mi 3/4.5 3,323 (+6%) 7mo $22,250,000 $6,696 66
6675 Neptune Pl 0.03mi 4/4.0 (+1) 2,697 (-14%) 11mo $5,605,000 $2,078 60
746 Bonair St 0.47mi 3/3.5 2,901 (-7%) 11mo $3,350,000 $1,155 53
335 Fern Gln 0.39mi 4/3.0 (+1) 2,946 (-6%) 11mo $5,740,000 $1,948 52
5912 La Jolla Blvd 0.72mi 3/4.0 2,855 (-9%) 4mo $3,200,000 $1,121 46
6011 Vista De La Mesa 0.61mi 4/4.0 (+1) 3,424 (+10%) 3mo $5,850,000 $1,709 46
6510 Avenida Manana 0.58mi 4/3.5 (+1) 2,911 (-7%) 10mo $4,721,902 $1,622 45
6502 Manana Pl 0.49mi 3/2.5 2,704 (-13%) 4mo $4,200,000 $1,553 43
621 Mira Monte 0.58mi 4/4.0 (+1) 2,784 (-11%) 10mo $4,250,000 $1,527 39
7253 Monte Vista Ave 0.55mi 3/4.5 3,577 (+14%) 13mo $6,200,000 $1,733 39
315 Mira Monte 0.55mi 4/3.5 (+1) 2,762 (-12%) 11mo $3,800,000 $1,376 37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

6.1% appreciation · 2.41% rent growth · sell at horizon

5-year hold
IRR
4.2%
Equity multiple
1.29×
Total profit
$108,992
Equity at exit
$847,812
10-year hold
IRR
6.8%
Equity multiple
2.42×
Total profit
$531,548
Equity at exit
$1,544,921

Cash invested: $373,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
18 Strongly Tenant-Friendly
State California
18 Strongly Tenant-Friendly · D+13
County
— inherits STATE
City
— inherits STATE
AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
10 active · 3 under contract
Months of supply
5.0 mo (20%/mo absorbed)
Median asking
$4,042,500 ($1261/sqft)
Median days on market
117 d
This list price
20% of active listings are priced below it
ARV vs active asking
-4.6% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 92037

Home prices YoY
1.5%
Rents YoY
2.4%
Active inventory
355
Price-to-rent
18.3×

Monthly cashflow live

Estimated rent
$6,093 medium interval (Pro) →
Mortgage (P&I)
$7,001
Tax est. 1.5%
$1,669 /mo · $20,025/yr
Insurance
$556
HOA
$0
Vacancy / Maint / Mgmt
$1,280
Net cashflow
$-4,412

Break-even live

Break-even rent $11,678
Max offer price $696,561
Occupancy floor

Sensitivity live

Price -10% $-3,490 -5% $-3,951 +0% $-4,412 +5% $-4,873 +10% $-5,335
Rent -10% $-4,893 -5% $-4,653 +0% $-4,412 +5% $-4,171 +10% $-3,931
Rate -1.0pp $-3,740 -0.5pp $-4,073 base $-4,412 +0.5pp $-4,758 +1.0pp $-5,110

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$333,750
Closing costs
$40,050
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 30 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
6515 Neptune Pl La Jolla, CA 4.0 5.5 4007 $35,000 $8.73 73d 1 0.10mi
298 Playa del Sur La Jolla, CA 4.0 4.5 2370 $20,000 $8.44 73d 1 0.11mi
6429 Dowling Dr La Jolla, CA 4.0 3.0 3200 $20,000 $6.25 73d 1 0.36mi
7135 Olivetas Ave La Jolla, CA 4.0 3.0 2231 $20,000 $8.96 73d 1 0.48mi
438 Sea Ln La Jolla, CA 3.0 3.5 2778 $20,000 $7.20 73d 1 0.58mi
7337 Olivetas Ave La Jolla, CA 4.0 4.0 2786 $20,000 $7.18 73d 1 0.63mi
6011 Vista de la Mesa La Jolla, CA 4.0 4.0 3424 $16,500 $4.82 48d 1 0.63mi
7211 Eads Ave Unit 1335163P La Jolla, CA 3.0 3.0 2292 $10,728 $4.68 73d 1 0.69mi
7303 Eads Ave La Jolla, CA 3.0 3.0 2103 $7,800 $3.71 73d 1 0.73mi
1110 W Muirlands Dr La Jolla, CA 3.0 3.0 3340 $13,500 $4.04 47d 1 0.76mi
6131 Terryhill Dr La Jolla, CA 3.0 3.0 2500 $13,500 $5.40 54d 1 0.86mi
1375 Muirlands Vista Way La Jolla, CA 3.0 2.5 2367 $7,995 $3.38 7d 1 0.98mi
464 Prospect St Unit 101 La Jolla, CA 2.0 2.5 3283 $12,250 $3.73 13d 1 1.00mi
5606 Dolphin Pl La Jolla, CA 3.0 3.5 2171 $11,995 $5.53 19d 1 1.09mi
5606 Dolphin Pl La Jolla, CA 3.0 3.5 2171 $11,995 $5.53 17d 1 1.09mi
1348 Rhoda Dr La Jolla, CA 4.0 3.0 4500 $11,495 $2.55 30d 1 1.17mi
5556 Calumet Ave La Jolla, CA 3.0 3.5 2624 $30,000 $11.43 73d 1 1.18mi
5618 Bellevue Ave La Jolla, CA 4.0 3.5 3093 $11,500 $3.72 11d 1 1.20mi
5610 Bellevue Ave La Jolla, CA 4.0 3.5 3323 $18,995 $5.72 73d 1 1.22mi
7720 Ivanhoe Ave La Jolla, CA 4.0 4.0 2391 $11,000 $4.60 36d 1 1.24mi
7729 Ivanhoe Ave La Jolla, CA 3.0 2.5 2530 $20,000 $7.91 54d 1 1.27mi
7201 Country Club Dr La Jolla, CA 4.0 3.0 2758 $35,000 $12.69 73d 1 1.31mi
5940 La Jolla Mesa Dr La Jolla, CA 3.0 3.0 3100 $12,750 $4.11 22d 1 1.32mi
5940 La Jolla Mesa Dr La Jolla, CA 3.0 3.0 2976 $15,000 $5.04 69d 1 1.32mi
5662 Ladybird Ln La Jolla, CA 3.0 3.0 3450 $16,900 $4.90 73d 1 1.33mi
1357 Olivet St La Jolla, CA 3.0 3.5 2507 $13,000 $5.19 73d 1 1.34mi
309 Colima Ct La Jolla, CA 4.0 3.0 2786 $26,500 $9.51 30d 1 1.38mi
1586 Crespo Dr La Jolla, CA 3.0 3.5 2892 $15,000 $5.19 59d 1 1.45mi
1935 Nautilus St La Jolla, CA 3.0 3.5 2685 $15,580 $5.80 73d 1 1.46mi
7768 Prospect Pl La Jolla, CA 3.0 2.5 2900 $19,900 $6.86 38d 1 1.49mi

Property features AI

Finance

Other
Property is on the oceanfront and allows pets with breed restrictions
HOA & community
Community sidewalks

Exterior

Parking
4 total parking spacesAttached 2-car garage with garage door opener
Utilities
Local public water and sewer (standard connections)Power information not provided
Home design
Detached residential homeLocated in La JollaFacing information not provided
Construction
Construction year not providedConstruction materials and foundation not providedRoof information not provided
Exterior features
Covered patio/porchPartial fencingAbove-ground poolOceanfront waterfrontPublic-maintained road accessSidewalks

Interior

Kitchen
DishwasherDisposalMicrowaveRefrigeratorRangeOven
Bathrooms
4 full bathrooms1 half bathroom
Heating & cooling
Central air conditioningNatural gas heating
Interior features
Fireplace in the family roomBalcony
Laundry & utility
WasherDryer

Listing history 50 events

  1. 2026-08-08
    days on market $1,335,000 Active 284 DOM
  2. 2026-08-06
    days on market $1,335,000 Active 282 DOM
  3. 2026-08-05
    days on market $1,335,000 Active 281 DOM
  4. 2026-08-04
    days on market $1,335,000 Active 280 DOM
  5. 2026-08-03
    days on market $1,335,000 Active 279 DOM
  6. 2026-07-31
    days on market $1,335,000 Active 276 DOM
  7. 2026-07-30
    days on market $1,335,000 Active 275 DOM
  8. 2026-07-30
    days on market $1,335,000 Active 274 DOM
  9. 2026-07-28
    days on market $1,335,000 Active 273 DOM
  10. 2026-07-24
    days on market $1,335,000 Active 269 DOM
  11. 2026-07-23
    days on market $1,335,000 Active 268 DOM
  12. 2026-07-22
    days on market $1,335,000 Active 267 DOM
  13. 2026-07-21
    days on market $1,335,000 Active 266 DOM
  14. 2026-07-20
    days on market $1,335,000 Active 265 DOM
  15. 2026-07-18
    days on market $1,335,000 Active 263 DOM
  16. 2026-07-16
    days on market $1,335,000 Active 261 DOM
  17. 2026-07-15
    days on market $1,335,000 Active 260 DOM
  18. 2026-07-14
    days on market $1,335,000 Active 259 DOM
  19. 2026-07-13
    days on market $1,335,000 Active 258 DOM
  20. 2026-07-13
    days on market $1,335,000 Active 257 DOM
  21. 2026-07-11
    days on market $1,335,000 Active 256 DOM
  22. 2026-07-10
    days on market $1,335,000 Active 255 DOM
  23. 2026-07-09
    days on market $1,335,000 Active 254 DOM
  24. 2026-07-07
    days on market $1,335,000 Active 252 DOM
  25. 2026-07-06
    days on market $1,335,000 Active 251 DOM
  26. 2026-07-06
    days on market $1,335,000 Active 250 DOM
  27. 2026-07-05
    days on market $1,335,000 Active 249 DOM
  28. 2026-07-03
    days on market $1,335,000 Active 248 DOM
  29. 2026-07-02
    days on market $1,335,000 Active 247 DOM
  30. 2026-07-01
    days on market $1,335,000 Active 246 DOM
  31. 2026-06-30
    days on market $1,335,000 Active 245 DOM
  32. 2026-06-29
    days on market $1,335,000 Active 244 DOM
  33. 2026-06-28
    days on market $1,335,000 Active 243 DOM
  34. 2026-06-27
    days on market $1,335,000 Active 242 DOM
  35. 2026-06-26
    days on market $1,335,000 Active 241 DOM
  36. 2026-06-24
    days on market $1,335,000 Active 239 DOM
  37. 2026-06-22
    days on market $1,335,000 Active 237 DOM
  38. 2026-06-21
    days on market $1,335,000 Active 236 DOM
  39. 2026-06-18
    days on market $1,335,000 Active 233 DOM
  40. 2026-06-17
    days on market $1,335,000 Active 232 DOM
  41. 2026-06-16
    days on market $1,335,000 Active 231 DOM
  42. 2026-06-15
    days on market $1,335,000 Active 230 DOM
  43. 2026-06-13
    days on market $1,335,000 Active 228 DOM
  44. 2026-06-09
    days on market $1,335,000 Active 224 DOM
  45. 2026-06-08
    days on market $1,335,000 Active 223 DOM
  46. 2026-06-07
    days on market $1,335,000 Active 222 DOM
  47. 2026-06-04
    days on market $1,335,000 Active 219 DOM
  48. 2026-06-03
    days on market $1,335,000 Active 218 DOM
  49. 2026-06-01
    days on market $1,335,000 Active 216 DOM
  50. 2026-05-31
    days on market $1,335,000 Active 215 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 2/10 Low 6 d/yr ≥84°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$73,121
− Mortgage interest
−$74,781
− Property taxes
−$20,025
− Insurance
−$6,675
− Repairs & maintenance
−$5,850
− Management
−$5,850
− Depreciation
−$38,836
Taxable loss
−$78,896
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$18,935
After-tax cash flow
$-34,010/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 9 photos

Excellent 95/100 None rehab

This stunning, turnkey home in La Jolla is in excellent condition with modern amenities and breathtaking ocean views. It is ready for immediate occupancy and would be a great investment.

Components & finishes AI

Roof tile · good Flooring tile

Deferred maintenance Est. $2,000–$8,000 screening

  • Minor Roof (roof) — No visible signs of damage or wear on the roof.
  • Minor Windows (windows) — No visible signs of damage or wear on the windows.
  • Minor Electrical (electrical) — No visible signs of damage or wear on the electrical components.
  • Minor Plumbing (plumbing) — No visible signs of damage or wear on the plumbing.

Value-add opportunities

  • Both Landscaping and pool maintenance — Maintaining the pool and landscaping will keep the property looking its best and attract potential buyers or renters.
  • Both Regular cleaning and maintenance of the interior — Keeping the interior clean and well-maintained will ensure the property looks its best and attract potential buyers or renters.
F Composite school gradezoned avg 24/100

Zoned Schools

Elementary La Jolla Elementary Middle Muirlands Middle F CA #277/498 Nat'l #10,474/14,009 High La Jolla High

Schools (NCES district)

District
San Diego Unified
NCES district ID
0634320
Math proficiency
19% ▼ -29.00%
Reading proficiency
29% ▼ -28.00%
Median HH income
$61,673
Composite
22.31/100
National rank
#8135
State rank
#393 of 517 in CA
B Composite livability gradescore 75/100

Livability — San Diego

Score
75/100
State rank
#123
US rank
#4206

Category grades

Amenities A+ Commute A+ Cost of living F Crime D+ Employment A+ Housing C+ Health & safety C- User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
San Diego, CA
County
San Diego County · 3,678,185 people
City population
1,397,612
Metro
San Diego-Chula Vista-Carlsbad, CA
Population (ZIP)
40,717
Household income
$147,230
Rent vs Own
38.5% rent · 61.5% own
Severe rent burden
10% of renters

Population outlook (San Diego County) Hauer SSP2

Today (2025)
3,678,185 people
By 2030
3,856,546 · +4.8%
By 2040
4,171,407 · +13.4%
By 2050
4,421,607 · +20.2%
By 2075
4,831,599 · +31.4%
By 2100
4,832,502 · +31.4%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (67%)
Race & ethnicity
White 67% Hispanic / Latino 13% Asian 12% Two or more races 12% Black 1%
Hispanic origin (detail)
Mexican 8%
Common ancestry
Scotch-Irish 3% Romanian 3% Lithuanian 3%
Foreign-born
22% · Canada, China, South Korea
Languages at home
75% English-only · Spanish 8% Other Indo-European 4% Chinese 4%

Political lean MEDSL · San Diego

2024 margin
D (+16.8) · D 56.9% · R 40.1% · Other 2.9%
2008→2024 swing
+6.6pp toward D · 2008: 10.2pp · 2024: 16.8pp
All cycles
2024: D+16.8 2020: D+22.8 2016: D+17.8 2012: D+5.1 2008: D+10.2

Not yet ingested

Civics

Price history

-1.5% since first listed
2 events — show timeline
  • 2026-03-31 Price Changed $1,335,000 SDMLS
  • 2025-10-28 Listed $1,355,000 SDMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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