OFF_MARKETRisky Deal366 days on market

1562 Camino Del Mar #Del-643

1562 Camino Del Mar #Del-643, Del Mar, CA 92014, Del Mar, CA 92014
$1,550,000
Zestimate®:$1,506,300

Listing Price

Property image 1
1562 Camino Del Mar #Del-643, Del Mar, CA 92014
Loc: Del Mar, CA
Days Listed
366
Tax Assessed
$500k
Zestimate®
$1506k
Market Rate
Lot Size
0.40 acres
Rent Estimate
$5,924/mo
Est. Cash Flow base
Type
condo

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

Del Mar Hills Elementary School

K-6
1.3 mi away
8

Earl Warren Middle School

7-8
2.3 mi away
10

Torrey Pines High School

9-12
2.4 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
Risky
Confidence Score: 3.5/10
Exercise caution due to potential market volatility.
Cap Rate
3.66%
Total ROI
8.0%
Cash Flow
$-3,106/mo
DSCR
0.60
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Data provided by Haven AI. Disclaimer

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Haven AI

1562 Camino Del Mar is a high-value coastal asset that fails the fundamental cash flow test for a conservative investor. With a projected negative monthly cash flow of over $3,100, the owner is forced to subsidize the investment to the tune of $37,200 annually. While the 4% appreciation rate in the premium Del Mar market provides long-term equity growth, the 3.66% yield is insufficient to offset the high carry costs, taxes, and likely substantial HOA fees. From a risk-management perspective, the dependency on aggressive appreciation to achieve a total return, combined with the severe liquidity drain, makes this a speculative play rather than a stable income investment.

Strengths
  • Prime coastal Del Mar location with high barrier to entry
  • Consistent historical appreciation in a supply-constrained market
  • High desirability for luxury short-term or seasonal renters
  • Strong wealth preservation potential for ultra-high-net-worth buyers
Considerations
  • Severe negative monthly cash flow requires significant external capital
  • Very high price per square foot for a one-bedroom unit
  • Low rental yield relative to current interest rates and financing costs
  • Exposure to high HOA fees and special assessments common in beachfront condos
  • Investment success is entirely dependent on market timing and appreciation
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-04-11Price change$1,550,000$1,638
2026-03-31Listed for rent$5,800$6
2026-02-10Listed for sale$1,560,000$1,649
2025-09-30Listing removed$1,575,000$1,665
2025-06-25Listed for sale$1,575,000$1,665
2025-05-25Listing removed$5,500$6
2024-12-11Listed for rent$5,500$6
2024-09-13Listing removed$5,500$6
2024-03-01Listed for rent$5,500$6

Tax History

YearProperty TaxTax Assessment
2025$5,406.56$500,138
2024$5,299.34$490,332
2023$5,182.22$480,718
2022$5,098.14$471,293
2021$4,910.64$462,052
2020$4,953.48$457,315
2019$4,781.22$448,349
2018$4,642.9$439,559
2017$4,555.28$430,941
2016$4,406.36$422,492
2015$4,340.66$416,147
2014$4,251.98$407,996
2013$0$406,153
2012$0$398,190
2011$0$390,383
2010$0$387,466
2009$0$388,387
2008$0$380,772
2007$0$373,307
2006$0$365,988
2005$0$358,813
2004$0$351,779
2003$0$345,333
2002$0$338,563
2001$0$331,926
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
1
Baths
2
Sq Ft
946
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: $1,550,000Rent Basis: Observed Comp Model ($5,924/mo)State Tax Benchmark: 0.75% (CA)Hazard Reserve: $775/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
2.69%

NOI: $41,687/yr

Cash-on-Cash Yield
-15.4%

On $356,500 invested

DSCR Ratio
0.43x

Negative debt coverage

5-Yr Leveraged ROI
+17.3%

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)-$313/mo
Homeowner / Hazard Insurance-$775/mo
Vacancy Reserve (5% of rent)-$296/mo
Repairs & Maintenance (10% of rent)-$592/mo
Property Management (8% of rent)-$474/mo
Total Pure Operating Expenses-$2,450/mo
Net Investor Cash Flow
Gross Scheduled Rent+$5,924/mo
Less: Operating Expenses-$2,450/mo
Net Operating Income (NOI)+$3,474/mo
Less: Debt Service (30yr @ 6.75%)-$8,043/mo
Net Cash Flow
$-4,569/mo
$-54,825/year
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