2029 Balboa
1 / 8

2029 Balboa

D

Del Mar, CA 92014

$5,100,000

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

Beds

5

Baths

5.5

Sqft

5,300

Year Built

Days on Market

68

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2601276

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

Virtual Tour

About This Property

Located in one of Del Mar's most greatly desired neighborhoods, this unique offering consists of an elevated, double lot of 18,000 Sq Ft with panoramic ocean and sunset views. Design your own secluded and quiet COASTAL ESTATE. Conceptual drawings envision a new 4500 Sq Ft Residence with 795 Sq Ft ADU, large, attached view decks and pool all perched to maximize the sweeping ocean views. This is an rare opportunity to own a double lot that offers multiple options for development. Existing on property is 1965 midcentury modern. The property is being offered at land value. Homes in this neighborhood have sold for up to $21,000,000.

Mortgage Calculator

Est. Monthly Payment

$32,376

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

Location

Loading map...

Investment Score

2D
Est. Monthly Rent
$17,850
Monthly Cashflow

Rent − PITIA

$-14,525
Full Cashflow

Incl. vacancy, PM, maint, capex

$-22,881

Mortgage (P+I)
$25,788
Cap Rate
0.68%
Cash-on-Cash
-26.92%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$47,565

NOI (Annual)
$34,890
Price-to-Rent

Lower = better for investors

23.8

* 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.

Get Expert AnalysisOpen Full Calculator