An Oversized Lot, Ocean Views, Nine Parking Spaces, and an Irreplaceable Address in the Heart of Del Mar Village
120-126 4th St, Del Mar, CA 92014 | Offered at $5,399,000
4 Units | 3 Ocean-View 2BD/2BA Residences + 1 1BD/1BA Residence | Oversized Lot | 9 Parking Spaces
Some addresses don't need much of an introduction. This is one of them.
120-126 4th Street sits just one property removed from the iconic Del Mar coastline — a fourplex on an oversized lot in one of Southern California's most coveted beach communities, where opportunities like this simply don't come around often. The property is built around three generously sized 2-bedroom, 2-bath residences, all three with ocean views, plus a fourth 1-bedroom, 1-bath unit that rounds out a flexible, income-ready mix. A shared courtyard and an ocean-view backyard give the property genuine outdoor living space — a rarity for multifamily product this close to the water.
"Properties like this rarely surface in Del Mar," Julie says. "You have the location, the ocean views, the unit mix, and a lot size that gives the next owner real room to work with. It's the kind of offering investors and owner-users wait years for."
That's a measured read from someone who has been representing buyers and sellers throughout North County San Diego for over 25 years.
Keep reading for the full story on what makes this Del Mar fourplex exceptional.
Why This Stretch of Del Mar Is the Right Starting Point
Del Mar doesn't need to compete for attention. Its cliffs, its beaches, and its village have defined Southern California coastal living for generations — and this address puts an owner or investor squarely inside that identity, not adjacent to it.
From 4th Street, the advantages are immediate:
The Del Mar Coastline: The cliffs and sandy beaches Del Mar is known for are just steps away — close enough that ocean views come standard in three of the four units.
Del Mar Village & Del Mar Plaza: Boutique shopping, acclaimed restaurants, and the walkable charm of Del Mar Village are all within easy reach, giving residents (or tenants) a genuine car-optional coastal lifestyle.
World-Class Surf and Recreation: Some of Southern California's most celebrated surf breaks are minutes from the front door, alongside Torrey Pines State Natural Reserve and Torrey Pines Golf Course for buyers who want the outdoors built into daily life.
Del Mar Racetrack & Scripps Health: The world-famous Del Mar Racetrack and Scripps Health facilities are both just minutes away, rounding out the address with entertainment and everyday convenience.
For investors, developers, and owner-users alike, this is a location that rarely turns over — and when it does, the opportunity speaks for itself.
The Property: A Flexible Unit Mix Built for Value
The unit mix at 120-126 4th Street is what makes this offering so compelling for so many kinds of buyers.
Unit 120 — 2BD/2BA, 1,451 SF, ocean views Unit 122 — 2BD/2BA, 1,181 SF, ocean views Unit 124 — 2BD/2BA, 1,418 SF, ocean views Unit 126 — 1BD/1BA, 421 SF
Three of the four residences enjoy ocean views — an amenity that's genuinely difficult to source in Del Mar's multifamily inventory at any price point. The shared courtyard and ocean-view backyard give the property inviting outdoor space to relax, entertain, or simply take in the quintessential Del Mar lifestyle, while the oversized lot gives the next owner meaningful room to add value, whether that means updating the existing units, reconfiguring the mix, or exploring the property's broader potential.
Parking: Perhaps the most rare and valuable amenity of all — this property includes four covered parking spaces plus five additional off-street spaces, nine total. In the heart of Del Mar Village, where parking is scarce and increasingly precious, that kind of allocation is a significant differentiator for tenants, guests, and future value alike.
Property at a Glance
Address | 120-126 4th St, Del Mar, CA 92014 |
List Price | $5,399,000 |
Units | 4 |
Unit 120 | 2BD/2BA, 1,451 SF, Ocean View |
Unit 122 | 2BD/2BA, 1,181 SF, Ocean View |
Unit 124 | 2BD/2BA, 1,418 SF, Ocean View |
Unit 126 | 1BD/1BA, 421 SF |
Parking | 4 Covered + 5 Off-Street (9 Total) |
Outdoor Space | Shared Courtyard, Ocean-View Backyard |
Lot | Oversized Lot |
Location Highlights | One Property from Del Mar Coastline, Del Mar Village, Del Mar Plaza, Torrey Pines State Natural Reserve, Torrey Pines Golf Course, Del Mar Racetrack, Scripps Health |
Schedule a Private Showing
Julie Houston has been representing buyers and sellers throughout Del Mar and North County San Diego for over 25 years. She knows what makes a property worth your time — and why this one deserves a closer look in person.
📞 Call or text: (760) 822-3339 📧 Email: [email protected]
Listed by Compass DRE# 01527365 | Julie Houston, CA DRE# 01248182 | All information deemed reliable but not guaranteed. Buyer to verify all details prior to close of escrow.
