2029 Balboa Ave
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.
Nearby Schools
Educational options and performance ratings in the area.
Del Mar Hills Elementary School
Earl Warren Middle School
Torrey Pines High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
This $5.1 million lot in Del Mar represents a high-risk speculative play rather than a stable investment. With a massive negative monthly cash flow of $18,960, the property acts as a significant financial drain, requiring the investor to subsidize the asset heavily. The 1.61% rental yield is exceptionally low, failing to cover even the most basic carrying costs or property taxes in a conservative model. While Del Mar is a premier coastal market with a steady 4% appreciation forecast, the 'burn rate' on this capital is unsustainable for most portfolios. This asset only makes sense for a developer with liquid capital looking to build a luxury residence to flip or hold, as the current cash flow profile is detrimental to a traditional real estate investment strategy.
- • Premium coastal location in highly desirable Del Mar
- • Strong long-term appreciation potential at 4% annually
- • Rare opportunity to acquire land in a supply-constrained market
- • Extreme negative monthly cash flow of nearly $19,000
- • Rental yield is significantly below the risk-free rate of return
- • High carrying costs including property taxes and insurance without offset income
- • Heavy reliance on speculative development to realize value
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-01-30 | Price change | $5,100,000 | – |
| 2026-01-05 | Listed for sale | $4,788,000 | – |
| 2026-01-05 | Listing removed | $4,788,000 | – |
| 2025-09-26 | Listed for sale | $4,795,000 | – |
| 2025-08-19 | Listing removed | $4,998,000 | – |
| 2025-06-23 | Listed for sale | $5,750,000 | – |
| 2025-03-21 | Sold | $4,625,000 | – |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $1,904.38 | $177,376 |
| 2024 | $1,864.4 | $173,899 |
| 2023 | $1,820.9 | $170,490 |
| 2022 | $1,788.82 | $167,148 |
| 2021 | $1,722.56 | $163,872 |
| 2020 | $1,736.02 | $162,192 |
| 2019 | $1,621.06 | $159,012 |
| 2018 | $1,626.3 | $155,895 |
| 2017 | $1,593.96 | $152,839 |
| 2016 | $1,540.2 | $149,843 |
| 2015 | $1,516.6 | $147,593 |
| 2014 | $1,485.56 | $144,703 |
| 2013 | $0 | $144,050 |
| 2012 | $0 | $141,227 |
| 2011 | $0 | $138,459 |
| 2010 | $0 | $137,425 |
| 2009 | $0 | $118,913 |
| 2008 | $0 | $116,582 |
| 2007 | $0 | $114,297 |
| 2006 | $0 | $112,056 |
| 2005 | $0 | $109,860 |
| 2004 | $0 | $107,707 |
| 2003 | $0 | $105,734 |
| 2002 | $0 | $103,662 |
| 2001 | $0 | $101,630 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $41,019/yr
On $1,173,000 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
Similar Properties Nearby
Explore other investment opportunities in Del Mar.