941 Avocado Pl
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941 Avocado Pl

Ctop 80%

Del Mar, CA 92014

$3,750,000
STR-eligible · San Diego Tier 3 · TOT 11.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

1 licensed short-term rental within ½ mile (1 whole home), from the cities' license and permit lists of Nov 8, 2026.

Pass at asking: -$17,500/mo full cashflow at 20% down, 7.43% rate.

Works at $1,471,569 (61% under asking), or at 88% down.

Rent $14,678/mo from 19 leases of 4-bed houses within 2 mi, same school area ($12,008–$20,948).

Beds

4

Baths

4.5

Sqft

4,131

Year Built

1996

Days on Market

94

Property Type

Single Family

HOA/mo

N/A

MLS ID

260018980SD

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

Virtual Tour

About This Property

Perched on an elevated street in this beloved, little-traveled pocket of Del Mar, sweeping VIEWS of the San Dieguito River lagoon and its surrounding open space adorn nearly every room of this natural-light filled home. With high ceilings, skylights, oversized windows, 10 sets of glass slider doors, and an open layout, a sense of spacious breathability and connection to the outdoors welcomes you home. A wrap-around balcony extends the living space across the main level. Dual primary suites, one that enables step-free living on the main level, and a second primary suite on the lower level, each feature large walk-in closets, luxuriously sized bathrooms, and walkout patio space. The lower level primary suite also offers your own in-home sauna. All 4 of the home's bedrooms enjoy ensuite bathrooms. Downstairs, 10ft ceilings greet you to a huge second living room accented by a wet bar and wine cellar. Steps outside, an in-ground spa and a charming orchard with walking path invite you to unwind. Additional value-adds include fully owned solar and spacious 3-car garage. NO HOA or Mello-Roos! Zoned for Solana Beach schools and a stone’s throw away from Whole Foods, Gelson’s, fabulous beaches, dining, golf, and so much more, this home is a 10/10 for its incredibly convenient location while offering tranquility and living size.

Mortgage Calculator

Est. Monthly Payment

$25,677

Principal & Interest$20,833
Property Tax$3,750
Insurance$1,094
%($750,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Solana Vista Elementary · grades K-3 · Solana Beach Elementary

  • Middle

    Earl Warren Middle · grades 7-8 · San Dieguito Union High

  • High

    Torrey Pines High · grades 9-12 · San Dieguito Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

13C
Est. Monthly Rent
$14,678

19 leases of 4-bed houses within 2 mi, same school area · $12,008–$20,948

Monthly Cashflow

Rent − PITIA

-$10,999
Full Cashflow

Incl. vacancy, PM, maint, capex

-$17,500

What would make this work?

$17,500/mo short at 20% down; 88% down or +$22,727/mo rent closes it.

Break-even price

61% under asking

$1,471,569
Break-even rent

$22,727/mo above the estimate

$37,405/mo
Cashflow at 35% down
−$13,594/mo
Down payment to break even

$3,300,000 cash

88%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$20,833
Cap Rate
1.30%
Cash-on-Cash
-28.00%
DSCR

Need ≥ 1.25 for DSCR loan

0.57

NOI (Annual)
$48,804
Price-to-Rent

Lower = better for investors

21.3

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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CCashflow−$17,500/mo