1970 Zapo Street

1970 Zapo Street

D

Del Mar, CA 92014

$7,495,000

Soft Appraisal Value: $7,132,900 · 5.1% above estimate

Beds

4

Baths

3.5

Sqft

2,922

Year Built

2019

Days on Market

63

Property Type

Single Family

HOA/mo

N/A

MLS ID

260002492SD

View on MLS

Description

Set on a quiet, charming street in one of Del Mar’s most desirable coastal neighborhoods, 1970 Zapo is a custom-built modern residence that perfectly balances luxury, privacy, and an effortless lock-and-go lifestyle. Built in 2019, this 4 bedroom, 3.5 bath, 2,922 square foot home captures sweeping ocean views that feel equally special at sunrise and sunset, while remaining just a short walk to Del Mar’s beaches, The Del Mar Plaza, restaurants, and village amenities. Designed for both everyday comfort and refined entertaining, the main living level features an expansive great room framed by walls of glass bifold doors that seamlessly connect indoors and out. Rich Ipe wood ceilings and Gascon Blue limestone floors set a warm, contemporary tone, while the open floor plan allows the kitchen, dining, and living spaces to flow together with ease. The gourmet kitchen is a true centerpiece, appointed with Wolf appliances, a built-in cappuccino maker, dual Fisher & Paykel dishwashers, Sub-Zero refrigeration, Italian laminate cabinetry, and striking Taj Mahal quartzite countertops—equally suited for casual mornings or hosting at scale. The ocean-view primary suite offers a private retreat, complete with its own deck, a spa-like bath featuring a Jacuzzi soaking tub, double rain-head shower, and a generous walk-in closet with custom cabinetry. Downstairs, a thoughtfully designed guest wing includes three additional bedrooms and a spacious media room with wet bar, ideal for movie nights or extended stays. A temperature-controlled wine cellar with capacity for over 500 bottles adds a r A temperature-controlled wine cellar with capacity for over 500 bottles adds a refined touch for collectors and entertainers alike. Throughout the home, the quality of construction and attention to detail are immediately apparent, with custom cabinetry inserts, upgraded lighting, tailored drapery, enhanced HVAC filtration, and integrated smart features that make day-to-day living both comfortable and efficient. Outdoor spaces are equally inviting, with updated landscaping, a side yard with grass and ocean views perfect for relaxing or gardening, a fire pit, and a top-of-the-line spa for year-round enjoyment. Practical upgrades such as storm shutters, EV charging for two vehicles, and gated side access for privacy and pets further elevate the home’s functionality. Modern, private, and exceptionally easy to live in, 1970 Zapo offers a rare opportunity to enjoy contemporary coastal living in Del Mar—where panoramic ocean views, walkability, and refined design come together in a home that feels as luxurious as it is livable.

Mortgage Calculator

Est. Monthly Payment

$47,580

Principal & Interest$37,899
Property Tax$7,495
Insurance$2,186
%($1,499,000)
%

Investment Score

0D
Est. Monthly Rent
$10,029
Monthly Cashflow

Rent − PITIA

$-37,551
Full Cashflow

Incl. vacancy, PM, maint, capex

$-46,103

Mortgage (P+I)
$37,899
Cap Rate
-1.31%
Cash-on-Cash
-36.91%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.21
Break-even Rent
$69,903

NOI (Annual)
$-98,454
Price-to-Rent

Lower = better for investors

62.3

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

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

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