2171 Del Mar Heights Rd
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2171 Del Mar Heights Rd

Ctop 80%

Del Mar, CA 92014

$4,500,000
STR-eligible · San Diego Tier 3 · TOT 11.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

16 licensed short-term rentals within ½ mile (7 whole home), from the cities' license and permit lists of Nov 13, 2026.

Pass at asking: -$23,823/mo full cashflow at 20% down, 7.36% rate.

Works at $1,382,713 (69% under asking), or at 97% down.

Rent $13,723/mo from 11 leases of 4-bed houses within 0.5 mi, same school area ($10,676–$19,622).

Beds

4

Baths

4.5

Sqft

3,448

Year Built

2008

Days on Market

46

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023588SD

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

About This Property

Perched above the Pacific, this custom coastal compound offers exceptional privacy, panoramic ocean views, and rare private alley access in one of Del Mar’s most walkable residential pockets. The four-bedroom, four-and-a-half-bath residence combines a highly functional family floor plan with light-filled interiors and multiple outdoor living spaces, including an intimate central courtyard, expansive yard, and a spacious canopied deck with sweeping ocean vistas. The thoughtfully designed layout includes a desirable main-level bedroom with full bath, a dedicated wine cellar, and a detached office or studio providing flexible space separate from the main residence. Private rear alley and driveway access accommodates parking for up to four vehicles—an uncommon amenity this close to the village. Moments from the beach, Del Mar Village, dining, boutiques, shopping, and everyday conveniences, the property offers the unusual combination of privacy, space, ocean views, and true walkability. With its compound-like setting, versatile layout, generous outdoor areas, and close-to-town location, this is a rare opportunity in Del Mar.

Mortgage Calculator

Est. Monthly Payment

$30,640

Principal & Interest$24,828
Property Tax$4,500
Insurance$1,312
%($900,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Del Mar Heights Elementary · grades K-6 · Del Mar Union Elementary

  • Middle

    Earl Warren Middle · grades 7-8 · San Dieguito Union High

  • High

    Torrey Pines High · grades 9-12 · San Dieguito Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

5C
Est. Monthly Rent
$13,723

11 leases of 4-bed houses within 0.5 mi, same school area · $10,676–$19,622

Monthly Cashflow

Rent − PITIA

-$16,917
Full Cashflow

Incl. vacancy, PM, maint, capex

-$23,823

What would make this work?

$23,823/mo short at 20% down; 97% down or +$30,939/mo rent closes it.

Break-even price

69% under asking

$1,382,713
Break-even rent

$30,939/mo above the estimate

$44,662/mo
Cashflow at 35% down
−$19,168/mo
Down payment to break even

$4,365,000 cash

97%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$24,828
Cap Rate
0.45%
Cash-on-Cash
-31.76%
DSCR

Need ≥ 1.25 for DSCR loan

0.45

NOI (Annual)
$20,290
Price-to-Rent

Lower = better for investors

27.3

* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

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

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CCashflow−$23,823/mo