5917 Overlake Ave
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5917 Overlake Ave

Dbottom 20%

San Diego, CA 92120

$3,700,000
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.

6 licensed short-term rentals within ½ mile (5 whole home), from the cities' license and permit lists of Nov 11, 2026.

Pass at asking: -$22,745/mo full cashflow at 20% down, 7.43% rate.

Works at $738,635 (80% under asking); even all cash loses money at asking.

Rent $7,367/mo from 9 leases of 4–6 bed houses within 2 mi ($6,701–$7,478).

Beds

5

Baths

4.5

Sqft

4,180

Year Built

1964

Days on Market

96

Property Type

Single Family

HOA/mo

N/A

MLS ID

260019259SD

This property is in San Diego (92120). View neighborhood stats →

Virtual Tour

About This Property

Perched above the tranquil waters of Lake Murray, this newly reimagined home blends new construction with heavily renovated living spaces, sweeping views that stretch from the shimmering lake to the surrounding mountains, and glimpses of the Pacific Ocean and Coronado Bridge. Offering approximately 4,180 SF, 5 bedrooms, 4.5 bathrooms, and a 2-car garage, the home features a versatile floor plan with two primary suites; a main level suite ideal for multigenerational living or guests, and a private upstairs retreat opening to a wraparound balcony where lake and mountain views and vivid sunrises become part of daily life. Disappearing walls of glass flood in natural light and extend the living spaces outdoors to a lush lawn, sunken fire lounge, and beautifully landscaped grounds for entertaining from sunrise through twilight. The chef’s kitchen centers on a backlit Cristallo quartzite waterfall island, paired with Taj Mahal quartzite, custom cabinetry, and premium appliances, flowing effortlessly into open living and dining spaces. The primary bath serves as a private spa with a freestanding soaking tub framed by lake and mountain views, floating stone vanities, and warm, organic textures throughout, complemented by wide plank hardwood floors and bespoke lighting. One of only 16 residences along this coveted hillside, the home offers direct access to Lake Murray’s trails and natural beauty, top-rated schools including Hearst Elementary and Patrick Henry HS, no HOA, and easy access to shopping, dining, and major freeways. A rare opportunity in highly sought after Del Cerro.

Mortgage Calculator

Est. Monthly Payment

$25,334

Principal & Interest$20,555
Property Tax$3,700
Insurance$1,079
%($740,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Hearst Elementary · grades K-5 · San Diego Unified

  • Middle

    Lewis Middle · grades 6-8 · San Diego Unified

  • High

    Henry 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.

Comparable Properties

1 comp found

This Property

$7,367

vs

Comp Average

$7,317

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent
$7,367

9 leases of 4–6 bed houses within 2 mi · $6,701–$7,478

Monthly Cashflow

Rent − PITIA

-$17,967
Full Cashflow

Incl. vacancy, PM, maint, capex

-$22,745

What would make this work?

$22,745/mo short at 20% down; +$29,539/mo rent closes it.

Break-even price

80% under asking

$738,635
Break-even rent

$29,539/mo above the estimate

$36,906/mo
Cashflow at 35% down
−$18,891/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)
$20,555
Cap Rate
-0.59%
Cash-on-Cash
-36.88%
DSCR

Need ≥ 1.25 for DSCR loan

0.29

NOI (Annual)
-$21,857
Price-to-Rent

Lower = better for investors

41.9

* Modelled at 20% down, 7.43% 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−$22,745/mo