506 Canyon Drive
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506 Canyon Drive #58

B

Oceanside, CA 92054

$545,900

Soft Appraisal Value: $538,100 · 1.4% above estimate

Beds

2

Baths

2

Sqft

904

Year Built

2006

Days on Market

45

Property Type

Condo

HOA/mo

$606

MLS ID

OC26094152

This property is in Oceanside (92054). View neighborhood stats →

About This Property

Welcome to this charming upper 2-bedroom, 1.75-bath condo offering 904 sq.ft. of comfortable living in the highly desirable Historic Loma Alta neighborhood. This inviting home features newer kitchen appliances including a dishwasher, range, and microwave, along with a beautifully remodeled primary bathroom. It also features a laundry closet with a stackable washer/dryer. French doors off the living room open to a private balcony large enough for a BBQ and cocktail table while overlooking lush trees and garden views, creating the perfect space to relax and unwind. As an extra bonus, the condo also comes with your own large private storage closet at the top of the stairs right next to your front door. Additional highlights include a spacious single-car garage plus one assigned parking space. Enjoy resort-style HOA amenities including a pool, spa, tennis and pickleball courts, basketball court, and beautifully maintained park-like grounds. Conveniently located near shopping, dining, and less than two miles to the beach and coastal attractions. This is a wonderful opportunity to enjoy the best of the beach community life.

Mortgage Calculator

Est. Monthly Payment

$4,071

Principal & Interest$2,760
Property Tax$546
Insurance$159
HOA$606
%($109,180)
%

Location

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Investment Score

31C
Est. Monthly Rent
$2,636
Monthly Cashflow

Rent − PITIA

$-1,435
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,496

Mortgage (P+I)
$2,760
Cap Rate
0.58%
Cash-on-Cash
-27.44%
DSCR

Need ≥ 1.25 for DSCR loan

0.65
Break-even Rent
$5,878

NOI (Annual)
$3,167
Price-to-Rent

Lower = better for investors

17.3

* 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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