$2,850,000
●
House -
Off Market
232 9th
Del Mar, CA 92014
3 Beds
2 Baths
1,468 Ft²
$14,485
Est. Monthly
About This Property
First time on the market in 60+ years! This property provides
unique opportunities in creating your ideal nest on this expansive
8400+ square foot R2-zoned lot. Situated in the heart of the
Del Mar Village, this prime parcel of land offers endless
possibilities; craft your long-awaited beach home, opt for both a
stunning main home and a secondary ADU, or build two individually
deeded condominiums, providing flexibility for extended family
living, rental income, or a private workspace. Located just 1.5
blocks from the ocean, this property is a '10' for its walkability
to nearby dining, shops and of course, the beach! Take
advantage of this blank canvas and bring your architectural vision
to life. Whether it's a contemporary masterpiece, a charming
traditional home, or a blend of both, the possibilities are limited
only by your imagination.
Unit Size
1,468 Ft²
Days on Market
251 days
Land Size
0.19 acres
Price per sqft
$2,010
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1935
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (CRMLS #NDP2400072)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2024 | Sold | ||
| Sold | |||
| Aug 15, 2024 | In contract | - | |
| In contract | |||
| Dec 22, 2023 | Listed by Willis Allen Real Estate | $2,950,000 | |
| Listed by Willis Allen Real Estate | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
Price/ft²
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Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Del Mar
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Listed by: Kelly Pottorff, Willis Allen Real Estate
Last Updated: 3 years ago
Data Source: CRMLS, MLS# NDP2400072
Last Updated: 3 years ago
Data Source: CRMLS, MLS# NDP2400072
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