585 Sierra Ave
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585 Sierra Ave #27

D

Solana Beach, CA 92075

$1,649,000
NEW — 0d

Beds

2

Baths

2.5

Sqft

1,544

Year Built

1974

Days on Market

0

Property Type

Condo

HOA/mo

$1,076

MLS ID

260012541SD

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

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

$11,544

Principal & Interest$8,338
Property Tax$1,649
Insurance$481
HOA$1,076
%($329,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$5,033
Monthly Cashflow

Rent − PITIA

$-6,511
Full Cashflow

Incl. vacancy, PM, maint, capex

$-9,043

Mortgage (P+I)
$8,338
Cap Rate
-0.51%
Cash-on-Cash
-32.90%
DSCR

Need ≥ 1.25 for DSCR loan

0.44
Break-even Rent
$16,777

NOI (Annual)
$-8,457
Price-to-Rent

Lower = better for investors

27.3

* 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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