561 Sierra Avenue
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561 Sierra Avenue #34

D

Solana Beach, CA 92075

$1,895,000

Soft Appraisal Value: $1,829,800 · 3.6% above estimate

Beds

2

Baths

2.5

Sqft

1,544

Year Built

1974

Days on Market

47

Property Type

Condo

HOA/mo

$960

MLS ID

NDP2603426

This property is in Solana Beach (92075). View neighborhood stats →

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About This Property

Stunning Ocean View Condo in Oceanfront Solana Beach Complex – STR Friendly. Rare opportunity to own a rebuilt, down-to-the-studs condo in Solana Beach, located within a true oceanfront community with a private gate to beach access, putting the sand just moments away. This prime location offers the ideal combination of panoramic ocean views and strong short-term rental (STR) income potential. This contemporary townhome-style residence features 180-degree ocean views, stunning sunsets, and additional eastern views of the hills and city lights. Designed for indoor-outdoor coastal living, the home includes an expansive west-facing ocean-view deck and a private east-facing patio with custom Italian tile featuring a high-friction finish, offering sleek style along with enhanced non-slip safety. This is one of only six units in the community offering both ocean views and greenbelt views. Extensively and meticulously renovated with longevity in mind, the home features new drywall, plumbing, electrical, floor joists, and raised ceilings throughout. The dream kitchen boasts a modern, open-concept design with high-end Bosch appliances, perfect for everyday living and entertaining. Additional upgrades include solid core doors, a custom frosted glass entry door, an upgraded electrical panel treated for salt air, and a new upstairs heating system. Walk to the Cedros Design District for boutique shopping, great restaurants, and the weekend farmers market, with the Del Mar Racetrack and Torrey Pines Golf Course just minutes away. This property offers a proven vacation rental history with repeat guests, making it ideal as a primary residence, second home, or income-producing beach property. Whether you're seeking a luxurious primary residence, a perfect second home, or a high-demand vacation rental, this one-of-a-kind home delivers it all. Move in, relax, and let every day feel like a seaside retreat.

Mortgage Calculator

Est. Monthly Payment

$12,990

Principal & Interest$9,582
Property Tax$1,895
Insurance$553
HOA$960
%($379,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$5,584
Monthly Cashflow

Rent − PITIA

$-7,406
Full Cashflow

Incl. vacancy, PM, maint, capex

$-10,270

Mortgage (P+I)
$9,582
Cap Rate
-0.44%
Cash-on-Cash
-32.52%
DSCR

Need ≥ 1.25 for DSCR loan

0.43
Break-even Rent
$18,921

NOI (Annual)
$-8,250
Price-to-Rent

Lower = better for investors

28.3

* 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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