2491 Cordero

2491 Cordero

D

Del Mar, CA 92014

$2,400,000

Soft Appraisal Value: $2,335,500 · 2.8% above estimate

Beds

4

Baths

3

Sqft

2,488

Year Built

1977

Days on Market

8

Property Type

Single Family

HOA/mo

N/A

MLS ID

260006056SD

Description

Situated on a spacious corner lot in the desirable Del Mar Heights neighborhood, 2491 Cordero Road offers horizon southwesterly ocean-horizon views and an exceptional coastal lifestyle. The elevated setting captures beautiful sunsets and refreshing ocean breezes while providing a sense of openness and privacy. The property enjoys outstanding walkability to highly regarded Del Mar Heights School as well as nearby scenic walking and hiking trails that wind through the surrounding natural landscape. Just a short drive away are the everyday conveniences of Del Mar Highlands and One Paseo, offering an array of shops, restaurants, cafes, fitness studios, and entertainment options. With its generous lot size, corner location, and ocean outlook, this property presents a rare opportunity to enjoy comfortable coastal living today while also offering potential for future customization in one of North County’s most sought-after communities.

Mortgage Calculator

Est. Monthly Payment

$15,236

Principal & Interest$12,136
Property Tax$2,400
Insurance$700
%($480,000)
%

Investment Score

1D
Est. Monthly Rent
$7,301
Monthly Cashflow

Rent − PITI − HOA

$-7,935
Full Cashflow

Incl. vacancy, PM, maint, capex

$-11,614

Mortgage (P+I)
$12,136
Cap Rate
0.26%
Cash-on-Cash
-19.84%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.48
Break-even Rent
$15,236

NOI (Annual)
$6,261
Price-to-Rent

Lower = better for investors

27.4

* 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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