$2,000,000
●
House -
Off Market
434 8th Street
Del Mar, CA 92014
2 Beds
2 Baths
1,545 Ft²
$3,039,378
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model
About This Property
Prime location, Ocean view 1 level beach cottage on flat 8000 esf
lot with alley access to separate 2 car garage with roof top deck.
This charming property is upgraded and is perfect as is or it is
prime for a redevelopment project to capture even more of the ocean
views to the north and south. Neighborhoods: Del Mar Equipment:
Dryer,Garage Door Opener Other Fees: 0 Sewer: Sewer
Connected Topography: GSL
Unit Size
1,545 Ft²
Days on Market
8 days
Land Size
-
Price per sqft
$1,295
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1985
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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: 4 months ago (SDMLS #180068578)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 21, 2025 | Sold | ||
| Sold | |||
| Jan 25, 2025 | Listed by Del Mar Realty Assoc.,Inc | $2,950,000 | |
| Listed by Del Mar Realty Assoc.,Inc | |||
| | |||
|
Single story, 2 bedroom, 2 bathroom home with ocean views located three blocks from the ocean in Old Del Mar. Sits on a 8,000 soft lot with unique and rarely available alley access. Ocean view rooftop deck on detached 2-car garage. Stroll through the Village of Del Mar to enjoy quaint local restaurants and specialty shops. A showcase of eclectic boutiques and designer shops are nestled among fine ocean view dining at Del Mar Plaza. Over 2 miles of beach offer swimming, surfing, beach sports, dog beach and bluff top sunset views of The Pacific Ocean.
| |||
| Jan 4, 2019 | Sold | ||
| Sold | |||
| Dec 27, 2018 | Listed by Coastal Premier Properties | $2,000,000 | |
| Listed by Coastal Premier Properties | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Del Mar
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Listed by: Michael Cady, Coastal Premier Properties
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180068578
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180068578
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