429 S Sierra Ave 151

429 S Sierra Ave 151

Dbottom 20%

Solana Beach, CA 92075

$1,650,000
NEW — 1d
STR: check · HOA rules unknown · TOT 13%

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$9,132/mo full cashflow at 20% down, 7.36% rate.

Works at $455,028 (72% under asking); even all cash loses money at asking.

Rent $5,523/mo from 2 leases in this building ($5,249–$5,797).

Beds

2

Baths

3

Sqft

1,422

Year Built

1975

Days on Market

1

Property Type

Condo

HOA/mo

$775

MLS ID

260027026SD

This property is in Solana Beach (92075). View neighborhood stats →

About This Property

Just steps from the sand, this beautifully updated Solana Beach property offers an incredible opportunity for a coastal second home, vacation getaway, or investment property! Currently enjoyed as a part-time beach retreat and utilized as an Airbnb rental, the property has consistently attracted bookings, combining personal enjoyment with rental potential. Located in one of San Diego's most desirable beach communities, this inviting home is perfectly positioned for morning beach walks, breathtaking sunsets, and coastal living. Inside, you'll find stylish cabinetry, updated flooring, and a welcoming living room with a cozy fireplace. The gated community offers resort-style amenities, including multiple pools, spas, tennis courts, a recreation room, peaceful koi ponds, and lush landscaping. Enjoy walking to popular restaurants, boutique shops, local attractions, and the nearby Coaster and Amtrak station. Two parking spaces and additional storage add everyday convenience, while the option to purchase furnished makes this an appealing turnkey opportunity. Whether you're seeking a primary residence, second home, or potential investment, enjoy the beautiful sunsets, walkable community, and relaxed coastal lifestyle that make Solana Beach so special!

Mortgage Calculator

Est. Monthly Payment

$12,010

Principal & Interest$9,103
Property Tax$1,650
Insurance$481
HOA$775
%($330,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Solana Vista Elementary · grades K-3 · Solana Beach Elementary

  • Middle

    Earl Warren Middle · grades 7-8 · San Dieguito Union High

  • High

    Torrey Pines High · grades 9-12 · San Dieguito Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

2D
Est. Monthly Rent
$5,523

2 leases in this building · $5,249–$5,797

Thin data: only 2 leases behind this number.

Monthly Cashflow

Rent − PITIA

-$6,486
Full Cashflow

Incl. vacancy, PM, maint, capex

-$9,132

What would make this work?

$9,132/mo short at 20% down; +$11,859/mo rent closes it.

Break-even price

72% under asking

$455,028
Break-even rent

$11,859/mo above the estimate

$17,382/mo
Cashflow at 35% down
−$7,425/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$9,103
Cap Rate
0.18%
Cash-on-Cash
-33.21%
DSCR

Need ≥ 1.25 for DSCR loan

0.46

NOI (Annual)
$2,974
Price-to-Rent

Lower = better for investors

24.9

* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

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

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DCashflow−$9,132/mo