405 Sierra Avenue

405 Sierra Avenue #187

D

Solana Beach, CA 92075

$1,899,999
NEW — 4d on market

Beds

3

Baths

3

Sqft

1,440

Year Built

1975

Days on Market

4

Property Type

Condo

HOA/mo

$975

MLS ID

NDP2603101

Description

Your RESORT-LIKE, DREAM LIFESTYLE awaits you! At the highly desireable Solana Beach & Tennis Club, everyday could feel like a vacation. Just imagine how life would be if you lived in this OCEANFRONT COMPLEX with adjacent direct beach access! Enjoy 4 Tennis Courts, 2 Pickle Ball Courts, large lap pool, 2 spas, saunas, game room, and even a guest lounge over-looking the ocean. Plus, have fun watching the fireworks right from the tennis courts during the Del Mar Fair, New Years, and the 4th of July fireworks too. This newly renovated two-story end unit completed its HIGH-END renovation in 2024. You even get the brand new roof that was just installed -2026! This place was taken down to the studs. Plumbing and electrical throughout the entire interior of the unit was replaced. Custom built cabinets with Rev-a-Shelf organizers in the kitchen. Kitchen Aid Refrigerator with French doors, Kitchen Aid Oven and Microwave, Gaggenau Stovetop with Zephr High Performance Range Hood, Air Beverage Cooler, New windows and sliding doors, New skylight in primary suite, custom built dining banquette. 4 Daikin Split A/C units, 50 gallon Rheem electric water heater, custom tile and showers, Artisan Hardwood floors upstairs, Custom banister, over-sized Porcelanosa Tile Floors, the shared wall was DOUBLE INSULATED for sound, secret storage unit off the loft, quadrupled the storage units in the garage too! Too many upgrades to mention. This is a MUST SEE home. Complex allows 7 day minimum on rentals.

Mortgage Calculator

Est. Monthly Payment

$13,037

Principal & Interest$9,607
Property Tax$1,900
Insurance$554
HOA$975
%($380,000)
%

Investment Score

0D
Est. Monthly Rent
$5,591
Monthly Cashflow

Rent − PITIA

$-7,445
Full Cashflow

Incl. vacancy, PM, maint, capex

$-10,315

Mortgage (P+I)
$9,607
Cap Rate
-0.45%
Cash-on-Cash
-32.57%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.43
Break-even Rent
$18,987

NOI (Annual)
$-8,487
Price-to-Rent

Lower = better for investors

28.3

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

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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