585 Sierra Ave

585 Sierra Ave #27

D

Solana Beach, CA 92075

$1,699,000

Soft Appraisal Value: $1,654,100 · 2.7% above estimate

Beds

2

Baths

2.5

Sqft

1,544

Year Built

1974

Days on Market

16

Property Type

Condo

HOA/mo

$1,076

MLS ID

260005980SD

View on MLS

Description

Looking for a turnkey beach rental? Whether you’re seeking a full-time residence or a turnkey vacation rental, this updated unit will not disappoint. Features include multiple patios, large light filled great room with designated living, dining, kitchen, and bar area. You will love the white oak shaker cabinets, designer counters, SS appliances, custom tile work, laminate wood floors, and all new plumbing and electrical fixtures throughout. The community amenities at oceanfront Seascape Sur include tennis courts, pools, hot tubs, tranquil fish and turtle ponds, and parklike grounds overlooking the pacific and world renowned beaches. Walk to Fletcher cove, coffee shops, restaurants and all that Solana Beach has to offer. Vacation year round at Seascape Sur!

Mortgage Calculator

Est. Monthly Payment

$11,862

Principal & Interest$8,591
Property Tax$1,699
Insurance$496
HOA$1,076
%($339,800)
%

Investment Score

1D
Est. Monthly Rent
$6,573
Monthly Cashflow

Rent − PITI − HOA

$-5,289
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,217

Mortgage (P+I)
$8,591
Cap Rate
0.26%
Cash-on-Cash
-29.02%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$17,244

NOI (Annual)
$4,493
Price-to-Rent

Lower = better for investors

21.5

* 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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