622 Kalamath Dr.
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622 Kalamath Dr.

D

Del Mar, CA 92014

$4,495,000

Beds

4

Baths

3

Sqft

2,297

Year Built

1985

Days on Market

45

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2603553

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

Virtual Tour

About This Property

Where the turf meets the surf and offered for the first time, this one-of-a-kind property presents a rare opportunity in the historic town of Olde Del Mar. Originally built in 1954 and thoughtfully reimagined in 1985, this three-bedroom ocean-view home features expansive windows and a generous balcony, which invite the desired blend of indoor and outdoor living. The upstairs primary bedroom, with its own private balcony, is a true sanctuary, and there is also an extra den for a potential home office or gym; leave the space up to your imagination. Adding even more value and flexibility, the property includes an attached one-bedroom guest apartment with a separate entrance, perfect for guests or potential rental income. Both the main home and guest unit are equipped with their own washer and dryer, offering convenience and independence. The design of this unique home provides both privacy and functionality, making it ideal for everyday living or hosting guests. Perched above a stunning canyon with sweeping 180-degree views of the North County San Diego coastline, this home truly captures the charm of Olde Del Mar.

Mortgage Calculator

Est. Monthly Payment

$28,535

Principal & Interest$22,729
Property Tax$4,495
Insurance$1,311
%($899,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$8,909
Monthly Cashflow

Rent − PITIA

$-19,626
Full Cashflow

Incl. vacancy, PM, maint, capex

$-25,421

Mortgage (P+I)
$22,729
Cap Rate
-0.72%
Cash-on-Cash
-33.93%
DSCR

Need ≥ 1.25 for DSCR loan

0.31
Break-even Rent
$41,923

NOI (Annual)
$-32,303
Price-to-Rent

Lower = better for investors

42.0

* 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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