1562 Camino Del Mar

1562 Camino Del Mar

D

Del Mar, CA 92014

$1,560,000

Beds

1

Baths

2

Sqft

946

Year Built

1978

Days on Market

22

Property Type

Condo

HOA/mo

$685

MLS ID

NDP2601305

Description

Desirable Top-Floor Resort Retreat in the Heart of Del Mar Village. Immerse yourself in effortless coastal living from this serene top-floor condominium tucked within a lush, green garden setting in the heart of Del Mar. Just steps, a mere 0.2 miles, from the sand, this beautifully positioned 1-bedroom ensuite residence with a separate guest bath and sitting area places you within easy walking distance of the ocean, Del Mar Plaza, world-class restaurants, charming boutiques, and scenic coastal walking trails. Savor tranquil garden views, morning sunshine and blue skies from your spacious private balcony—an ideal spot for morning coffee or sunset relaxation. Inside, the light-filled, beach-casual interior has been thoughtfully upgraded with warm light-oak luxury vinyl flooring, a refreshed kitchen and baths, a cozy fireplace, shutters, 2 TV's and latest upgrade of two high-efficiency ductless mini-split systems for year-round comfort. Parking is abundant with one reserved underground space plus two additional exterior spaces. Even better, residents enjoy access to luxury L’Auberge Del Mar Hotel. Year round use of the hotel amenities, include a heated ocean-view pool and jacuzzi, a 24/7 fitness center, and tennis courts with pickleball, are included with ownership. Whether you’re seeking a primary residence, a coastal second home, or a premium vacation rental, this top-floor retreat delivers the quintessential Del Mar lifestyle—where beach days, fine dining, boutique shopping, and scenic strolls are all right outside your door. Recent building renovations include new roof, fire resistance shingles, balcony repairs and waterproofing, window replacement, metal railing install, new canopy, etc. have been paid for by Seller. Schedule your private tour today and experience the best of Del Mar living.

Mortgage Calculator

Est. Monthly Payment

$10,588

Principal & Interest$7,888
Property Tax$1,560
Insurance$455
HOA$685
%($312,000)
%

Investment Score

1D
Est. Monthly Rent

Market Rent Estimate

$5,654
Monthly Cashflow

Rent − PITI − HOA

$-4,934
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,535

Mortgage (P+I)
$7,888
Cap Rate
0.27%
Cash-on-Cash
-18.98%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.72
Break-even Rent
$10,588

NOI (Annual)
$4,243
Price-to-Rent

Lower = better for investors

23.0

* Defaults: 20% down, 6.5% rate, 30yr.

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