429 Sierra Ave

429 Sierra Ave

D

Solana Beach, CA 92075

$1,699,000

Beds

2

Baths

2.5

Sqft

1,422

Year Built

1975

Days on Market

159

Property Type

Condo

HOA/mo

$775

MLS ID

250039561SD

Description

Live steps from the sand in this beautifully updated property, perfectly situated in the heart of Solana Beach—one of the nation’s most sought-after seaside communities. Just a short stroll to the ocean, this versatile home offers the ideal blend of a tranquil vacation retreat, an inviting primary residence, or a lucrative rental opportunity with both short- and long-term potential. Inside, you’ll find a thoughtfully renovated interior featuring stylish new cabinets and flooring throughout. The warm, welcoming living room with its cozy fireplace sets the stage for relaxed evenings or entertaining friends. With the added benefit of two parking spaces, convenience meets comfort at every turn. Location, location, location—walk to popular restaurants, unique shops, and the nearby Coaster/Amtrak station for effortless coastal commuting. The gated community further elevates the lifestyle with resort-style amenities, including multiple pools and jacuzzis, tennis courts, a recreation room, and calming koi ponds surrounded by lush landscaping. For added ease, this property is available furnished, providing a true turnkey opportunity—whether you’re ready to move right in or start generating rental income immediately. Don’t miss your chance to own a piece of paradise in one of California’s most coveted coastal destinations.

Mortgage Calculator

Est. Monthly Payment

$11,561

Principal & Interest$8,591
Property Tax$1,699
Insurance$496
HOA$775
%($339,800)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$1,082
Monthly Cashflow

Rent − PITI − HOA

$-10,479
Full Cashflow

Incl. vacancy, PM, maint, capex

$-12,144

Mortgage (P+I)
$8,591
Cap Rate
-2.51%
Cash-on-Cash
-37.01%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.13
Break-even Rent
$11,561

NOI (Annual)
$-42,632
Price-to-Rent

Lower = better for investors

130.9

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

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