386 13th Street
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386 13th Street

D

Del Mar, CA 92014

$3,950,000

Soft Appraisal Value: $3,895,500 · 1.4% above estimate

Beds

3

Baths

3

Sqft

1,620

Year Built

1955

Days on Market

10

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2604564

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

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About This Property

Ocean views, oversized corner lot, and a walk-to-everything address in Olde Del Mar. This classic beach bungalow sits on a fully usable 9,100+ sq ft corner lot with only one shared property line, delivering more yard, natural light, and a level of privacy rarely found this close to the beach. Inside, the living room features wood beam ceilings, a brick fireplace, and original oak floors, with a bonus family room adding flexible living space. Outside, an oversized ocean view deck and grassy yard extend the living experience well beyond the interior walls. The detached 220 sq ft office with built-ins is not included in the listed square footage, and the attached 2-car garage with two additional parking spaces and EV charging rounds out the property. Priced below any comparable in the neighborhood, this is an opportunity that outpaces its asking price in a market where inventory at this level seldom comes to market. Enjoy rarely matched potential offering immediate livability while planning your remodel or rebuild.

Mortgage Calculator

Est. Monthly Payment

$25,075

Principal & Interest$19,973
Property Tax$3,950
Insurance$1,152
%($790,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$7,789
Monthly Cashflow

Rent − PITIA

$-17,286
Full Cashflow

Incl. vacancy, PM, maint, capex

$-22,369

Mortgage (P+I)
$19,973
Cap Rate
-0.73%
Cash-on-Cash
-33.98%
DSCR

Need ≥ 1.25 for DSCR loan

0.31
Break-even Rent
$36,840

NOI (Annual)
$-28,754
Price-to-Rent

Lower = better for investors

42.3

* 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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