557 Canyon Drive

557 Canyon Drive

D

Solana Beach, CA 92075

$4,550,000
NEW — 0d on market

Beds

4

Baths

4

Sqft

3,702

Year Built

1957

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2602930

Description

Rare opportunity to own an exceptional property located West of I-5 in the wonderful coastal community of Solana Beach. Situated high up on nearly 1/2 acre, this ranch-style property offers remarkable space & privacy. Thoughtfully updated throughout, this fully renovated 4 bed, 4 bath, 3702 sq ft home features NEW flooring. NEW Milgard windows & front door. NEW paint inside & out. As you enter, you’ll immediately appreciate the open panoramic views, a welcoming and spacious living room, a charming Sunroom with its own deck, and the fully renovated galley-style kitchen with all NEW appliances. The impressive Primary Suite has a gorgeous NEW bath and an expansive 300 sq ft deck. As you head downstairs, you’ll find 3 large rooms providing true Flex space…whether it’s a home office, family den, game room, home gym, or an additional bedroom...you decide based on what works for YOUR lifestyle and needs! Plus, there is 650+ sq ft of unfinished attached space (not part of the sq. ft total), with a private entrance. Built out, this would be an ideal Junior ADU (requires city approval). The house also has NEW heaters, an oversized double garage, a carport, and 2 driveways! The large, very private, expansive backyard features peaceful amphitheater views to the South, an updated Sports 'Pickleball' Court, a fire pit for evening gatherings, mature landscaping, and ample gardening space. The generously sized lot has plenty of room for a potential detached ADU (buyer to verify with the city) or other resort amenities like a pool, spa or even an expansive artificial turf golf area! An idyllic, quiet neighborhood, conveniently located near top-rated schools, the Cedros district, dining & shopping along the Coast Highway, the Coaster train and Fletcher cove, one of the best beaches in North County. Don’t miss this opportunity.

Mortgage Calculator

Est. Monthly Payment

$28,884

Principal & Interest$23,007
Property Tax$4,550
Insurance$1,327
%($910,000)
%

Investment Score

0D
Est. Monthly Rent
$7,672
Monthly Cashflow

Rent − PITI − HOA

$-21,212
Full Cashflow

Incl. vacancy, PM, maint, capex

$-26,769

Mortgage (P+I)
$23,007
Cap Rate
-0.99%
Cash-on-Cash
-35.30%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.27
Break-even Rent
$42,436

NOI (Annual)
$-45,135
Price-to-Rent

Lower = better for investors

49.4

* 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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