13723 Recuerdo Drive
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13723 Recuerdo Drive

Ctop 80%

Del Mar, CA 92014

$3,100,000
STR-eligible · San Diego Tier 3 · TOT 11.75%

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

21 licensed short-term rentals within ½ mile (10 whole home), from the cities' license and permit lists of Nov 2, 2026.

Pass at asking: -$16,457/mo full cashflow at 20% down, 7.49% rate.

Works at $966,422 (69% under asking), or at 96% down.

Rent $9,681/mo from 11 leases of 3–5 bed houses within 0.5 mi, same school area ($9,080–$13,347).

Beds

4

Baths

3.5

Sqft

3,041

Year Built

1990

Days on Market

45

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2608743

This property is in Del Mar (92014). View neighborhood stats →

Virtual Tour

About This Property

Welcome to 13723 Recuerdo Drive, a private coastal retreat nestled in the coveted Del Mar Heights neighborhood of Del Mar. Surrounded by lush landscaping and mature fruit trees, including a unique dragon fruit tree, this inviting residence offers a rare sense of privacy while placing you minutes from the beauty and lifestyle of the Del Mar coast. Thoughtfully designed with an upside-down floor plan, the home takes advantage of its elevated living spaces, natural light, and tranquil surroundings. Large windows, a welcoming fireplace, and an upstairs indoor balcony with a peek of the Pacific Ocean create a beautiful coastal backdrop. With three bedrooms plus an additional flexible room and four bathrooms, the home offers versatility for comfortable living, guests, a home office, or additional living space. The lush, established landscaping creates a peaceful sanctuary for enjoying the Southern California lifestyle, while the two-car garage provides valuable convenience and storage. Located in one of Del Mar’s most desirable coastal communities, this home puts you close to beaches, shopping, dining, parks, and everything that makes Del Mar such a sought-after destination. From quiet mornings surrounded by greenery to evenings enjoying the coastal breeze and ocean glimpse from above, 13723 Recuerdo Drive is an opportunity to experience the privacy, character, and effortless coastal lifestyle of Del Mar Heights. A coveted Del Mar address. A private coastal setting. A place to create a lifetime of memories.

Mortgage Calculator

Est. Monthly Payment

$21,328

Principal & Interest$17,324
Property Tax$3,100
Insurance$904
%($620,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Del Mar Heights Elementary · grades K-6 · Del Mar Union Elementary

  • Middle

    Earl Warren Middle · grades 7-8 · San Dieguito Union High

  • High

    Torrey Pines High · grades 9-12 · San Dieguito Union High

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
$9,681

11 leases of 3–5 bed houses within 0.5 mi, same school area · $9,080–$13,347

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$11,647
Full Cashflow

Incl. vacancy, PM, maint, capex

-$16,457

What would make this work?

$16,457/mo short at 20% down; 96% down or +$21,372/mo rent closes it.

Break-even price

69% under asking

$966,422
Break-even rent

$21,372/mo above the estimate

$31,053/mo
Cashflow at 35% down
−$13,208/mo
Down payment to break even

$2,976,000 cash

96%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$17,324
Cap Rate
0.52%
Cash-on-Cash
-31.85%
DSCR

Need ≥ 1.25 for DSCR loan

0.45

NOI (Annual)
$16,213
Price-to-Rent

Lower = better for investors

26.7

* 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−$16,457/mo