2029 Del Mar Heights Rd

2029 Del Mar Heights Rd

D

Del Mar, CA 92014

$4,580,000

Beds

4

Baths

4.5

Sqft

2,861

Year Built

1980

Days on Market

12

Property Type

Single Family

HOA/mo

N/A

MLS ID

260003963SD

Description

Welcome to the newly rebuilt contemporary coastal home just 300 paces to the ocean in Del Mar. Designed with zero stairs from street, driveway, or garden, this ADA-friendly residence offers seamless indoor-outdoor living and flexible multi-generational potential. Expansive open-concept lower level features a supersized modern Italian kitchen with top-of-the-line oversized appliances, custom cabinetry, and dramatic entertaining space. Large openings lead to an indoor-outdoor entertainment area with built-in seating, prep counters, and natural gas for BBQ and fire features. The lower-level en-suite bedroom includes a built-in kitchenette/wet bar with separate or shared entry—ideal for a guest suite, playroom, or private quarters. All four bedrooms are en-suite with bright, ultra-modern baths. Views to boast from 2 bedrooms and upstairs! The upstairs primary retreat offers two walk-in closets, a built-in coffee/smoothie bar, a spa-style bath, and a private ocean-view deck. The laundry room is conveniently located upstairs between the bedrooms. Rear alley access provides off-street parking for 7+ vehicles and potential ocean-view ADU expansion—creating multi-unit compound possibilities. Contemporary low-maintenance desertscape landscaping is under mature trees. This is an outstanding investment, lifestyle, and expansion opportunity in a premier coastal location.

Mortgage Calculator

Est. Monthly Payment

$29,075

Principal & Interest$23,159
Property Tax$4,580
Insurance$1,336
%($916,000)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$8,292
Monthly Cashflow

Rent − PITI − HOA

$-20,783
Full Cashflow

Incl. vacancy, PM, maint, capex

$-26,507

Mortgage (P+I)
$23,159
Cap Rate
-0.88%
Cash-on-Cash
-27.23%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.36
Break-even Rent
$29,075

NOI (Annual)
$-40,174
Price-to-Rent

Lower = better for investors

46.0

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

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