Property Detail

120 4th Street

Del Mar CA 92014

$5,998,000

Status: Active

Property Details

Description

Perched just one property from the iconic Del Mar coastline, 120-126 4th Street presents a rare opportunity to acquire a premier coastal fourplex in one of Southern California's most sought-after beach communities. Situated on a spacious lot in the heart of Del Mar, this four-unit property offers an exceptional combination of location, lifestyle, and long-term upside. The property consists of three spacious 2-bedroom, 2-bath residences and one 1-bedroom, 1-bath residence. All three 2-bedroom units enjoy ocean views, while the shared courtyard and ocean-view backyard provide inviting outdoor spaces for residents to gather, relax, and enjoy the coastal setting. Offering tremendous value-add potential, this property presents an exceptional opportunity for investors, developers, or owner-users seeking to renovate, reposition, or reimagine a premier Del Mar asset. With its desirable unit mix, oversized lot, ocean views, and irreplaceable location, the possibilities are significant. Residents enjoy an unparalleled walkable lifestyle just moments from the Del Mar cliffs, sandy beaches, Del Mar Village, Del Mar Plaza, boutique shopping, acclaimed restaurants, and numerous world-class surf breaks. Outdoor enthusiasts will appreciate the proximity to Torrey Pines State Natural Reserve, the renowned Torrey Pines Golf Course, and nearby Scripps Health facilities. The world-famous Del Mar Racetrack is also just minutes away. The property offers four covered parking spaces plus five additional off-street parking spaces, an increasingly rare amenity in Del Mar's Village neighborhood. Broker Price Opinion Narrative Property: 120–126 4th Street, Del Mar, CA Opinion of Market Value: $6,000,000 Effective Date: May 27, 2026 The subject property is a four-unit multifamily investment property located in the Del Mar Beach Colony area, one lot from the Pacific Ocean. The property consists of approximately 4,429 square feet of rentable area situated on an approximately 8,100+ square foot lot. Improvements were originally constructed in 1966 and consist of three 2-bedroom/2-bath units and one 1-bedroom/1-bath unit. In developing this Broker Price Opinion, both the Income Capitalization Approach and the Land Residual Technique were considered in order to estimate current market value. Income Capitalization Analysis Based upon current market rental levels for coastal Del Mar multifamily properties with ocean proximity, the subject is estimated to support stabilized gross rental income in the range of approximately $23,000 to $25,000 per month. After deduction for vacancy allowance and operating expenses, the estimated stabilized Net Operating Income is approximately $185,000 to $195,000 annually. Applying a market capitalization rate range of approximately 3.1% to 3.4%, consistent with recent investor expectations for prime coastal Del Mar apartment assets, indicates a value range of approximately $5,700,000 to $6,200,000. Land Residual Analysis The Land Residual Technique was also considered due to the exceptional underlying land value characteristics of the property. The subject’s location, redevelopment potential, coastal zoning characteristics, and scarcity of Beach Colony multifamily parcels contribute significantly to overall value. Current market evidence in Del Mar indicates that a substantial portion of the property’s market value is attributable to the underlying land rather than the existing improvements. Based upon extraction analysis from comparable coastal sales and estimated replacement cost less depreciation of the existing improvements, the estimated contributory land value is approximately $5,000,000, with estimated depreciated improvement value contributing approximately $1,000,000. Conclusion After reconciliation of the Income Capitalization Approach and Land Residual Technique, it is my opinion that the current market value of the subject property, as of the effective date of this report, is: $6,000,000 This opinion reflects the ...

Map Location

Listing provided courtesy of Blaire Kennedy of Compass. Last updated 2026-06-16 08:21:00.000000. Listing information © 2025 CRMLS.

Ever Eternity

Ever Eternity

CA DRE# 01794748

1111 Prospect St, Suite 100 La Jolla,
​​​​​​​CA 92037

858.688.4113

Contact Me
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Welcome

Meet Ever

Ever Eternity is Your Local Real
Estate Professional

Whether it's your first townhouse, vacation property or coastal dream home, I will work to find the property that's best for you. I am able to anticipate and fulfill each of my clients needs, in order to find the perfect home for them and their family. I am here to work with you, to find the best fit for you, and am excited for the opportunity.

People choose to work with me for my full service expertise, experience and ethics. My base of loyal customers is the reason I am successful in this competitive sales market.

​My attention to detail allows me to find dream homes for buyers, and build thorough home marketing plans for my sellers. I have great pride in my negotiation skills and believe in transparency and full disclosure throughout each deal. I value open communication with my clients and welcome questions from start to close.

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"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"Ever was simply excellent. He is thorough, approachable and very knowledgable of the house buying process. We appreciated his manner and help throughout our purchase process - he never made us feel pressured to select a house and helped us find a perfect match. He was especially helpful when we needed to juggle urgent travel during the Escrow process, helping us set up power of attorney. We would recommend Ever to any type of buyer and will certainly use him for any future real estate needs that we have."

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"Ever has been my agent through two purchases and one sale. He has a keen sence of the market and knows how best to price and time sales and purchases. He makes sure to get the job done and places the most importance on making his satisfying his clients wishes to the best of his ability. He works well with escrow, property managers, and whomever he needs to speak with."

"Working with Ever was a joy. We had a number of unexpected challenges during the process of selling our house and Ever was consistently there to help, guide, and support us. He was always available for consultation and never lost sight of the immediate issues nor the long term goals. Ever was an exemplary professional in every way and I would highly recommend him."

"Working with Ever was a great experience. Selling our Mom's house was emotionally difficult for us. Ever guided us thru the process and made it smooth and easy as possible for us. He responded to all of our questions with professionalism and knowledge. He kept us informed of every action during the sale. We trusted his advice and insights and he delivered on everything he said. The sale was quick and smooth and we couldn't be happier. We highly recommend Ever. He definitely knows his business."

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