2029 Balboa Avenue

2029 Balboa Avenue

D

Del Mar, CA 92014

$5,100,000

Soft Appraisal Value: $4,866,100 · 4.8% above estimate

Beds

3

Baths

2.5

Sqft

2,500

Year Built

1965

Days on Market

90

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2600110

Description

*PANORAMIC OCEAN VIEWS *MID-CENTURY MODERN SITED ON HUGE ELEVATED LOT OF 17,900,000 SQ FT. ** OPTIONS INCLUDE RESTORATION OF EXISTING OR NEW ESTATE RESIDENCE OF OVER 4000++SQ **DRAWINGS AVAILABLE FOR BOTH.** QUIET AND PRIVATE, SOUNDS OF SURF ** MULI MILLION $$ HILLSIDE**PROPERTY ON BALBOA JUST CLOSED FOR 21.25M** CONCEPTUAL DRAWINGS AVAILABLE FOR STUNNING NEW ESTATE RESIDENCE, SINGLE LEVEL LIVING WITH OCEAN VIEWS FROM MOST ROOMS, POOL AND GUESTHOUSE ** POTENTIAL TO ADD 2 ADUS** SITE CONSISTS OF TWO LOTS COMBINED FOR A TOTAL OF 17,900 SQ FT. *LIT.* EXISTING ON THE LAND IS A MID CENTURY SINGLE LEVEL ARCHITECT DESIGNED AND BILT IN 1965 WITH THE ADDITIONAL OPTION FOR TOTAL RESTORATION * RESTORATION CONCEPTUAL DRAWINGS AVAILABLE* GUEST HOUSE/ADU ON SECOND LOT WITH OCEAN VIEW **OPTIONS ARE ENDLESS**Sq Ft listed is of existing ** BUYER TO VERIFY ALL WITH THE CITY OF DEL MAR PRIOR TO REMOVAL OF CONTINGENCIES*

Mortgage Calculator

Est. Monthly Payment

$32,376

Principal & Interest$25,788
Property Tax$5,100
Insurance$1,487
%($1,020,000)
%

Investment Score

0D
Est. Monthly Rent
$8,081
Monthly Cashflow

Rent − PITIA

$-24,294
Full Cashflow

Incl. vacancy, PM, maint, capex

$-30,403

Mortgage (P+I)
$25,788
Cap Rate
-1.09%
Cash-on-Cash
-35.77%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.25
Break-even Rent
$47,565

NOI (Annual)
$-55,376
Price-to-Rent

Lower = better for investors

52.6

* 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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