2451 Malibu Way
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2451 Malibu Way

C

Del Mar, CA 92014

$3,890,000
NEW — 2d

Soft Appraisal Value: $3,703,600 · 5.0% above estimate

Beds

4

Baths

3.5

Sqft

2,968

Year Built

1968

Days on Market

2

Property Type

Single Family

HOA/mo

N/A

MLS ID

260015122SD

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

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About This Property

Privately tucked within one of Del Mar Heights’ most desirable West of the 5 enclaves, this recently renovated residence blends elevated coastal living with refined design. Bathed in natural light from its sunny southern exposure, the home showcases high-end finishes, custom detailing, and airy open living spaces designed for both everyday comfort and entertaining. The front courtyard creates a welcoming sense of arrival while adding an extra layer of privacy and tranquility. The chef’s kitchen is appointed with premium appliances and opens seamlessly to the dining area, while the adjacent living room flows to the backyard and pool, creating the ideal indoor-outdoor lifestyle. The thoughtfully designed floor plan features 3 bedrooms and a dedicated laundry room on the main level. The entire second floor is dedicated to a luxurious primary retreat, complete with an oversized walk-in closet, private balcony, and spa-inspired bathroom featuring a soaking tub, shower, and dual vanities. A true highlight is the expansive 3rd floor deck, where sweeping ocean views and breathtaking sunsets provide the perfect setting for morning coffee or evening entertaining. The resort-inspired backyard offers privacy, lush landscaping, a newly updated pool and spa, and multiple spaces to relax. Addtl highlights include owned solar and a spacious 2-car garage. Located just moments from Del Mar’s iconic beaches, acclaimed dining, boutique shopping, scenic trails, and the famed racetrack, this exceptional property offers the perfect blend of luxury, comfort, and quintessential coastal living.

Mortgage Calculator

Est. Monthly Payment

$24,695

Principal & Interest$19,670
Property Tax$3,890
Insurance$1,135
%($778,000)
%

Location

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Investment Score

1D
Est. Monthly Rent
$10,984
Monthly Cashflow

Rent − PITIA

$-13,711
Full Cashflow

Incl. vacancy, PM, maint, capex

$-19,479

Mortgage (P+I)
$19,670
Cap Rate
0.06%
Cash-on-Cash
-30.04%
DSCR

Need ≥ 1.25 for DSCR loan

0.44
Break-even Rent
$36,281

NOI (Annual)
$2,292
Price-to-Rent

Lower = better for investors

29.5

* 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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