585 Sierra Ave
1 / 20

585 Sierra Ave #27

C

Solana Beach, CA 92075

$1,599,000

Beds

2

Baths

2.5

Sqft

1,544

Year Built

1974

Days on Market

47

Property Type

Condo

HOA/mo

$1,076

MLS ID

260012541SD

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

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About This Property

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

$11,227

Principal & Interest$8,085
Property Tax$1,599
Insurance$466
HOA$1,076
%($319,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$5,494
Monthly Cashflow

Rent − PITIA

$-5,732
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,329

Mortgage (P+I)
$8,085
Cap Rate
-0.18%
Cash-on-Cash
-31.25%
DSCR

Need ≥ 1.25 for DSCR loan

0.49
Break-even Rent
$16,310

NOI (Annual)
$-2,917
Price-to-Rent

Lower = better for investors

24.3

* 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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