231 22nd Street

231 22nd Street

D

Del Mar, CA 92014

$3,995,000
NEW — 0d on market

Soft Appraisal Value: $4,240,500 · 5.8% below estimate

Beds

3

Baths

2.5

Sqft

1,695

Year Built

1980

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2602746

Description

There are homes you buy—and then there are homes that hold decades of memories. 231 22nd Street is the latter. Offered for the first time in over 30 years, this 3-bedroom, 2.5-bath residence spans approximately 1,695 square feet in the heart of Del Mar’s highly coveted Beach Colony. Just moments from the sand, the home captures the essence of coastal living—where morning walks to Dog Beach, afternoons at the racetrack, and evenings strolling into the Village for dinner become part of your everyday rhythm. The home has been updated over the years, blending comfort with opportunity. Recent enhancements—including a new roof (2024), upgrades to kitchen and bathrooms, exterior paint, newly stained deck, and refreshed landscaping—further elevate the property’s appeal. The open floor plan flows seamlessly to an expansive deck, creating an ideal setting for indoor-outdoor living, entertaining, and gathering with family and friends. Beyond the home itself, it’s the lifestyle that truly sets this property apart. From impromptu matches at nearby tennis and basketball courts to long-standing traditions at the Del Mar Racetrack—“where the turf meets the surf”—every detail of life here is rooted in community, connection, and the coastal experience. Walk to local favorites like Jake’s, Poseidon, Monarch, and the Brigantine, or simply enjoy the quiet charm of a neighborhood where homes are held for generations and neighbors become lifelong friends. Whether you choose to enjoy the home as it is or reimagine it into a custom beach retreat, this is a rare opportunity to secure a legacy property in one of Southern California’s most sought-after seaside communities. In a market where opportunities like this are increasingly scarce, 231 22nd Street offers more than just a home—it’s an invitation to become part of the story of Del Mar’s Beach Colony.

Mortgage Calculator

Est. Monthly Payment

$25,361

Principal & Interest$20,201
Property Tax$3,995
Insurance$1,165
%($799,000)
%

Investment Score

0D
Est. Monthly Rent
$6,823
Monthly Cashflow

Rent − PITI − HOA

$-18,538
Full Cashflow

Incl. vacancy, PM, maint, capex

$-23,436

Mortgage (P+I)
$20,201
Cap Rate
-0.97%
Cash-on-Cash
-27.84%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.27
Break-even Rent
$25,361

NOI (Annual)
$-38,825
Price-to-Rent

Lower = better for investors

48.8

* 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.

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