328-30 9th St, Del Mar, CA 92014

Property Description

*Please do not trespass or disturb tenants!* Just blocks from the sand and the charm of Old Del Mar Village, 328-30 9th Street combines coastal proximity with versatile living. Set on a generous lot with a private yard and garage, this property offers comfort, functionality, and investment appeal in one of San Diego’s most sought-after beach communities. With strong in-place income and long-term upside, this is also an excellent opportunity for 1031 exchange buyers seeking a well-located asset in a premier Class A coastal neighborhood. The property includes three distinct units: a front unit with 3 bedrooms and 1 full bath, a back unit with 2 bedrooms and 1 full bath, and a studio unit with its own bath. This versatile layout suits a range of uses, from multi-generational living to rental income opportunities. The front and back units are currently tenant occupied through 1/31/2027, with the front unit leased at $4,350 per month and the back unit at $3,750 per month. The studio unit is currently vacant and offers additional flexibility for an owner occupant, midterm rental, or immediate lease opportunity, with projected market rent of approximately $2,500 per month. Vaulted beam ceilings, a cozy fireplace, and abundant natural light add warmth and character, while outdoor spaces invite morning coffee, weekend gardening, or evening strolls to nearby dining, boutiques, and Del Mar Plaza. With Torrey Pines State Beach and Torrey Pines State Natural Reserve just minutes away, this is a rare chance to own a well-located property with both lifestyle and investment potential.