515 Sierra Ave

515 Sierra Ave #119

D

Solana Beach, CA 92075

$2,788,000

Soft Appraisal Value: $2,713,300 · 2.8% above estimate

Beds

2

Baths

2.5

Sqft

1,375

Year Built

1975

Days on Market

135

Property Type

Condo

HOA/mo

$960

MLS ID

250044526SD

Description

Elevated OCEANFRONT location with fantastic Pacific Ocean views. This 2 bedroom 2 & 1/2 bathroom, 1,375 sq. foot condo provides coastal elegance just steps to beach access and close to Solana Beach shops and restaurants. Great single level, open concept floor plan. Primary suite is generous with a bonus office and walk-in closet. Entertain family and friends in the updated kitchen with newer high efficiency appliances designed to blend modern luxury with comfort and style. Walks on the beach, surf, swim, pickleball or tennis followed by a relaxing dip in the pool and spa plus sunsets from your deck. This unit carries a Short Term Rental Permit! Elevated OCEANFRONT location with fantastic Pacific Ocean views. This 2 bedroom 2 & 1/2 bathroom, 1,375 sq. foot condo provides coastal elegance just steps to beach access and close to Solana Beach shops and restaurants. Great single level, open concept floor plan. Primary suite is generous with a bonus office and walk-in closet. Entertain family and friends in the updated kitchen with newer high efficiency appliances designed to blend modern luxury with comfort and style. Walks on the beach, surf, swim, pickleball or tennis followed by a relaxing dip in the pool and spa plus sunsets from your deck. This unit carries a Short Term Rental Permit!

Mortgage Calculator

Est. Monthly Payment

$18,659

Principal & Interest$14,098
Property Tax$2,788
Insurance$813
HOA$960
%($557,600)
%

Investment Score

0D
Est. Monthly Rent
$6,120
Monthly Cashflow

Rent − PITIA

$-12,539
Full Cashflow

Incl. vacancy, PM, maint, capex

$-16,270

Mortgage (P+I)
$14,098
Cap Rate
-0.93%
Cash-on-Cash
-35.01%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.33
Break-even Rent
$27,249

NOI (Annual)
$-26,063
Price-to-Rent

Lower = better for investors

38.0

* 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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