429 Sierra Ave

429 Sierra Ave

D

Solana Beach, CA 92075

$1,999,000
NEW — 1d on market

Beds

2

Baths

2

Sqft

1,167

Year Built

1975

Days on Market

1

Property Type

Condo

HOA/mo

$975

MLS ID

260004795SD

View on MLS

Description

Discover the pinnacle of coastal living in this stunning top-floor, single-story corner retreat with jaw-dropping Pacific Ocean views from every corner. This rare, elegantly remodeled 1,167 sq. ft. corner unit offers 2 spacious bedrooms, 2 bathrooms, and not one, but two balconies designed to showcase the ocean’s beauty. Step inside and be welcomed by soaring vaulted ceilings, skylights in the dining, kitchen, and bathrooms, and a flood of natural light from both east and west exposures. The living areas and bedrooms serve up sweeping ocean panoramas, making every sunset feel like a private show. The kitchen is a chef’s dream, outfitted with premium Liebherr and Bosch appliances, complemented by sleek Giallo Nova quartz polished countertops. Nestled within the exclusive Solana Beach and Tennis Club, this home offers a true resort lifestyle. Located in vibrant Solana Beach, you're just moments from the sand, trendy shops, acclaimed dining, the dog-friendly beach, and the iconic Del Mar Racetrack. With a minimum 7-day lease, this property is not only the perfect seaside escape but also an incredible investment opportunity. Live the dream—where every day feels like a vacation!

Mortgage Calculator

Est. Monthly Payment

$13,665

Principal & Interest$10,108
Property Tax$1,999
Insurance$583
HOA$975
%($399,800)
%

Investment Score

0D
Est. Monthly Rent

Estimated Rent

$2,966
Monthly Cashflow

Rent − PITI − HOA

$-10,699
Full Cashflow

Incl. vacancy, PM, maint, capex

$-13,047

Mortgage (P+I)
$10,108
Cap Rate
-1.76%
Cash-on-Cash
-32.11%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.29
Break-even Rent
$13,665

NOI (Annual)
$-35,268
Price-to-Rent

Lower = better for investors

56.2

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

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