FOR_SALERisky Deal6965 days on market

929 Border Ave

929 Border Ave, Del Mar, CA 92014, Del Mar, CA 92014
$76,000,000

Listing Price

Property image 1
929 Border Ave, Del Mar, CA 92014
Loc: Del Mar, CA
Days Listed
6965
Tax Assessed
$24438k
Lot Size
6.90 acres
Rent Estimate
$4,589/mo
Est. Cash Flow base
Type
lot

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

10

Skyline Elementary School

K-6
1.4 mi away
8

Earl Warren Middle School

7-8
1.2 mi away
10

Torrey Pines High School

9-12
3.1 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
-0.31%
Total ROI
-11.9%
Cash Flow
$-404,226/mo
DSCR
-0.05
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2023-01-20Price change$76,000,000
2022-03-23Price change$49,000,000
2021-10-29Price change$35,000,000
2020-11-19Listed for sale$49,000,000
2020-09-03Listing removed$49,000,000
2020-04-13Pending sale$49,000,000
2020-04-13Listed for sale$49,000,000
2018-07-28Listing removed$49,000,000
2018-07-26Pending sale$49,000,000
2018-07-26Listed for sale$49,000,000
2015-06-05Listing removed$39,900,000
2015-06-01Listed for sale$39,900,000
2015-04-09Listing removed$33,900,000
2015-03-26Listed for sale$33,900,000
2014-05-20Listing removed$33,900,000
2013-01-16Listed for sale$33,900,000
2008-02-14Listing removed$76,000,000
2007-11-12Listed for sale$76,000,000
2000-07-07Sold$25,000,000

Tax History

YearProperty TaxTax Assessment
2026$0$24,438,190
2025$254,317.42$23,959,010
2024$249,461.38$23,489,226
2023$244,050.92$23,028,652
2022$240,210.9$22,577,112
2021$159,952.28$15,000,000
2020$160,196.78$15,000,000
2019$160,150.5$15,000,000
2018$160,331.69$15,000,000
2017$160,761.95$15,000,000
2016$155,639.52$15,150,000
2015$155,629.06$15,150,000
2014$155,411.48$19,906,128
2013$0$19,816,164
2012$0$19,427,614
2011$0$19,046,680
2010$0$18,904,332
2009$0$18,949,244
2008$0$18,577,690
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
Baths
Sq Ft
0
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $76,000,000Rent Basis: Observed Comp Model ($4,589/mo)State Tax Benchmark: 0.75% (CA)Hazard Reserve: $38,000/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
-0.79%

NOI: $-596,884/yr

Cash-on-Cash Yield
-30.5%

On $17,480,000 invested

DSCR Ratio
-0.13x

Negative debt coverage

5-Yr Leveraged ROI
+-58.2%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.75% of basis)-$15,274/mo
Homeowner / Hazard Insurance-$38,000/mo
Vacancy Reserve (5% of rent)-$229/mo
Repairs & Maintenance (10% of rent)-$459/mo
Property Management (8% of rent)-$367/mo
Total Pure Operating Expenses-$54,329/mo
Net Investor Cash Flow
Gross Scheduled Rent+$4,589/mo
Less: Operating Expenses-$54,329/mo
Net Operating Income (NOI)+$-49,740/mo
Less: Debt Service (30yr @ 6.75%)-$394,348/mo
Net Cash Flow
$-444,088/mo
$-5,329,056/year
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929 Border Ave | Del Mar, CA | Haven AI Analysis | Haven by ScoutHavens