190 Del Mar Shores Terrace

190 Del Mar Shores Terrace

D

Solana Beach, CA 92075

$1,199,000

Beds

1

Baths

1

Sqft

838

Year Built

1977

Days on Market

17

Property Type

Condo

HOA/mo

$750

MLS ID

250045859SD

Description

Partial Ocean views in newly remodeled top-floor, turnkey, 1 bed+1 bath condo. Be the FIRST to enjoy this gem of a property & brand new sleek design. This condo represents coastal living at its best in Solana Beach’s highly sought-after gated Del Mar Shores Terrace Community. This 3 acre complex sits atop the oceanfront bluffs of Solana Beach offering resort- style living & has beautifully manicured walking paths throughout the community to along the coast, finishing with private steps that lead you right down the bluff to the beach. You can leave your condo & have your toes in the sand in minutes! This bright & open condo was thoughtfully remodeled to modernize & create space for comfort. While it’s design is impeccable, it does not overshadow the partial ocean views & beach essence. The resident will be able to enjoy ocean breezes, bright natural light, and partial ocean views from their second story ocean facing living room and private patio. Condo also comes with 2 dedicated parking spaces in the community’s gated garage. Residents will enjoy resort-style amenities including direct beach access via private stairs, an ocean-view gated pool and spa, newly renovated clubhouse, sauna, community BBQ, laundry facilities & secure gated covered parking. In addition to being just steps from the beach & crashing waves, this community is nestled close to everything Solana Beach/Del Mar has to offer! Walkable to train station, Del Mar Fairgrounds, Brigantine, Rustic Root, Lana, Rare Society, coffee shops Cedros Design District, Belly Up+ more!!!

Mortgage Calculator

Est. Monthly Payment

$8,362

Principal & Interest$6,063
Property Tax$1,199
Insurance$350
HOA$750
%($239,800)
%

Investment Score

0D
Est. Monthly Rent

Zillow Rent Zestimate

$4,046
Monthly Cashflow
$-6,246

Mortgage (P+I)
$6,063
Cap Rate
-0.18%
Cash-on-Cash
-31.25%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.67
Break-even Rent
$9,968

NOI (Annual)
$-2,193
Price-to-Rent

Lower = better for investors

24.7

* Defaults: 20% down, 6.5% rate, 30yr.

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