328 9th St
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328 9th St

D

Del Mar, CA 92014

$2,600,000

Beds

Baths

Sqft

Year Built

1959

Days on Market

8

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

260010822SD

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

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About This Property

*Please do not disturb tenants or trespass!* Just blocks from the sand and the charm of Old Del Mar Village, 328-30 9th Street combines coastal proximity with versatile living. Set on a generous lot with a private yard and garage, this property offers comfort, functionality, and investment appeal in one of San Diego’s most sought-after beach communities. With strong in-place income and long-term upside, this is also an excellent opportunity for 1031 exchange buyers seeking a well-located asset in a premier Class A coastal neighborhood. The property includes three distinct units: a front unit with 3 bedrooms and 1 full bath, a back unit with 2 bedrooms and 1 full bath, and a studio unit with its own bath. This versatile layout suits a range of uses, from multi-generational living to rental income opportunities. The front and back units are currently tenant occupied through 1/31/2027, with the front unit leased at $4,350 per month and the back unit at $3,750 per month. The studio unit is currently vacant and offers additional flexibility for an owner occupant, midterm rental, or immediate lease opportunity, with projected market rent of approximately $2,500 per month. Vaulted beam ceilings, a cozy fireplace, and abundant natural light add warmth and character, while outdoor spaces invite morning coffee, weekend gardening, or evening strolls to nearby dining, boutiques, and Del Mar Plaza. With Torrey Pines State Beach and Torrey Pines State Natural Reserve just minutes away, this is a rare chance to own a well-located property with both lifestyle and investment potential.

Mortgage Calculator

Est. Monthly Payment

$16,505

Principal & Interest$13,147
Property Tax$2,600
Insurance$758
%($520,000)
%

Investment Score

1D
Est. Monthly Rent
$7,450
Monthly Cashflow

Rent − PITIA

$-9,055
Full Cashflow

Incl. vacancy, PM, maint, capex

$-12,935

Mortgage (P+I)
$13,147
Cap Rate
0.10%
Cash-on-Cash
-29.85%
DSCR

Need ≥ 1.25 for DSCR loan

0.45
Break-even Rent
$24,249

NOI (Annual)
$2,542
Price-to-Rent

Lower = better for investors

29.1

* 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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