5431 Candlelight Drive

5431 Candlelight Drive

Dbottom 20%

La Jolla, CA 92037

$4,995,000
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

114 licensed short-term rentals within ½ mile (74 whole home), from the cities' license and permit lists of Nov 14, 2026.

Pass at asking: -$28,605/mo full cashflow at 20% down, 7.36% rate.

Works at $1,252,016 (75% under asking); even all cash loses money at asking.

Rent $12,426/mo from 16 leases of 3–5 bed houses within 0.5 mi, same school area ($10,943–$16,281).

Beds

4

Baths

4

Sqft

3,619

Year Built

1965

Days on Market

—

Property Type

Single Family

HOA/mo

N/A

MLS ID

260027112SD

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

About This Property

This exquisite, centrally located, La Jolla jewel is perched atop the highly sought-after La Jolla Palisades with unbelievable views and easy accessibility to coastal La Jolla, Birdrock, Pacific Beach, Mission Bay, Mission Beach and walk-ability to most areas. This architectural gem delivers an unmatched coastal lifestyle where dramatic, whitewater ocean and bay views meet the lights of downtown San Diego. Designed for effortless indoor-outdoor living, the main floor plan transitions seamlessly as the entire living room and kitchen open directly onto one of the neighborhood's premier rooftop terraces. Whether you are hosting friends around the outdoor fireplace, unwinding in the new spa or taking in the Sea World fireworks, this outdoor living space is sensational. Inside, the home balances refined luxury with exceptional functionality, centered around a dream kitchen featuring rich, honed marble countertops, a stylish herringbone tile backsplash, custom cabinetry, ambient lighting and a pleasing color palette. Beyond this home's exquisite finishes, it offers a remarkably thoughtful floor plan with abundant hidden storage and sweeping panoramic views of the city, bay and the ocean framed from every major room. Lives like a single story with a perfect floor plan. The roof top outdoor lounge has arguably the most expansive and stunning views in not just La Jolla, but in all of coastal San Diego. This exquisite, centrally located, La Jolla jewel is perched atop the highly sought-after La Jolla Palisades with unbelievable views and easy accessibility to coastal La Jolla, Birdrock, Pacific Beach, Mission Bay, Mission Beach and walk-ability to most areas. This architectural gem delivers an unmatched coastal lifestyle where dramatic, whitewater ocean and bay views meet the lights of downtown San Diego. Designed for effortless indoor-outdoor living, the main floor plan transitions seamlessly as the entire living room and kitchen open directly onto one of the neighborhood's premier rooftop terraces. Whether you are hosting friends around the outdoor fireplace, unwinding in the new spa or taking in the Sea World fireworks, this outdoor living space is sensational. Inside, the home balances refined luxury with exceptional functionality, centered around a dream kitchen featuring rich, honed marble countertops, a stylish herringbone tile backsplash, custom cabinetry, ambient lighting and a pleasing color palette. Beyond this home's exquisite finishes, it offers a remarkably thoughtful floor plan with abundant hidden storage and sweeping panoramic views of the city, bay and the ocean framed from every major room. Lives like a single story with a perfect floor plan. The roof top outdoor lounge has arguably the most expansive and stunning views in not just La Jolla, but in all of coastal San Diego.

Mortgage Calculator

Est. Monthly Payment

$34,010

Principal & Interest$27,559
Property Tax$4,995
Insurance$1,457
%($999,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Bird Rock Elementary · grades K-5 · San Diego Unified

  • Middle

    Muirlands Middle · grades 6-8 · San Diego Unified

  • High

    La Jolla High · grades 9-12 · San Diego Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

0D
Est. Monthly Rent
$12,426

16 leases of 3–5 bed houses within 0.5 mi, same school area · $10,943–$16,281

Monthly Cashflow

Rent − PITIA

-$21,585
Full Cashflow

Incl. vacancy, PM, maint, capex

-$28,605

What would make this work?

$28,605/mo short at 20% down; +$37,149/mo rent closes it.

Break-even price

75% under asking

$1,252,016
Break-even rent

$37,149/mo above the estimate

$49,575/mo
Cashflow at 35% down
−$23,438/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$27,559
Cap Rate
-0.10%
Cash-on-Cash
-34.36%
DSCR

Need ≥ 1.25 for DSCR loan

0.37

NOI (Annual)
-$5,102
Price-to-Rent

Lower = better for investors

33.5

* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

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

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DCashflow−$28,605/mo