5524 Caminito Herminia
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5524 Caminito Herminia

Ctop 80%

La Jolla, CA 92037

$1,735,000
STR: check · no permits in this complex · TOT 12.75%

24 licensed short-term rentals within ½ mile (14 whole home), from the cities' license and permit lists of Nov 3, 2026.

No unit in this 71-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$9,368/mo full cashflow at 20% down, 7.49% rate.

Works at $520,481 (70% under asking), or at 98% down.

Rent $7,227/mo from 9 leases of 3–5 bed condos & townhomes within 2 mi ($6,460–$7,561).

Beds

4

Baths

2.5

Sqft

2,268

Year Built

1971

Days on Market

45

Property Type

Condo

HOA/mo

$1,550

MLS ID

NDP2608777

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

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About This Property

A rare opportunity to own a beautifully updated and exceptionally versatile residence in the sought-after Mount La Jolla community. This spacious 2,268-square-foot home offers 4 bedrooms, 2.5 baths, and the highly desirable convenience of a 3-car attached garage. From the moment you enter, the home feels fresh, refined, and inviting. New luxury vinyl plank flooring flows throughout, complemented by fresh interior paint, recessed Halo lighting, and new ceiling fans and designer light fixtures. New central cooling adds modern comfort to the thoughtfully updated interior. The primary suite offers a truly special retreat. A former fourth bedroom, now accessed through the primary bedroom, has been transformed into an expansive walk-in closet with a dedicated office area and desk overlooking the beautifully landscaped grounds. The result is a custom-feeling space that combines exceptional wardrobe storage with a serene and inspiring work-from-home setting. The home's outdoor spaces are equally inviting. Two separate patio areas provide wonderful options for al fresco dining, entertaining, or simply enjoying the peaceful surroundings. At the heart of the home, a charming center courtyard with a water fountain creates an elegant focal point and a tranquil transition between the living spaces and outdoors. The mostly finished 3-car attached garage provides an uncommon level of parking, storage, and flexibility. Every update has been selected to enhance the home's comfort and livability while preserving the character and appeal of its Mount La Jolla setting. Residents of Mount La Jolla enjoy beautifully landscaped grounds and an impressive collection of community amenities, including multiple pools and spas, tennis courts, fitness facilities, clubhouse and recreational areas. With its generous floor plan, sophisticated updates, unique primary-suite retreat, exceptional garage, and inviting outdoor living spaces, this is a home that offers both everyday comfort and an effortless setting for entertaining.

Mortgage Calculator

Est. Monthly Payment

$13,487

Principal & Interest$9,696
Property Tax$1,735
Insurance$506
HOA$1,550
%($347,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    La Jolla 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

5C
Est. Monthly Rent
$7,227

9 leases of 3–5 bed condos & townhomes within 2 mi · $6,460–$7,561

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$6,260
Full Cashflow

Incl. vacancy, PM, maint, capex

-$9,368

What would make this work?

$9,368/mo short at 20% down; 98% down or +$12,166/mo rent closes it.

Break-even price

70% under asking

$520,481
Break-even rent

$12,166/mo above the estimate

$19,393/mo
Cashflow at 35% down
−$7,550/mo
Down payment to break even

$1,700,300 cash

98%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$9,696
Cap Rate
0.48%
Cash-on-Cash
-32.40%
DSCR

Need ≥ 1.25 for DSCR loan

0.54

NOI (Annual)
$8,272
Price-to-Rent

Lower = better for investors

20.0

* Modelled at 20% down, 7.49% 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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CCashflow−$9,368/mo