640 Solana Circle

640 Solana Circle

Dbottom 20%

Solana Beach, CA 92075

$1,749,000
NEW — 0d
STR: check · HOA rules unknown · TOT 13%

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$9,834/mo full cashflow at 20% down, 7.36% rate.

Works at $462,132 (74% under asking); even all cash loses money at asking.

Rent $5,409/mo from 18 leases of 2-bed condos & townhomes within 0.5 mi ($4,968–$6,176).

Beds

2

Baths

2

Sqft

1,246

Year Built

1974

Days on Market

0

Property Type

Condo

HOA/mo

$633

MLS ID

260026959SD

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

About This Property

Sweeping, unobstructed panoramic ocean views and effortless single-level living come together in this beautifully appointed Solana Beach residence. One of the home's most desirable features is its exceptional accessibility, with absolutely no stairs from the nearby reserved parking space to the front door. Perfectly positioned to capture southern exposure and spectacular sunsets, this 2-bedroom, 2-bath, 1,246-square-foot condo overlooks an expansive, park-like greenbelt with ocean views from both the living room and primary bedroom. The open-concept floor plan features a beautifully updated kitchen, spacious living and dining areas, and an abundance of closet and storage space. Step outside to the private balcony and enjoy the peaceful surroundings, refreshing coastal breezes, and stunning ocean views. The elevated location provides a wonderful sense of openness and privacy, with no neighboring buildings directly behind the residence. Tucked away from the community's main activity areas, the condo enjoys a quiet setting with minimal foot traffic. Beautifully maintained grounds feature expansive greenbelts, walking paths, a pool, and clubhouse. Conveniently located near Solana Beach's beaches, restaurants, shopping, and the Cedros Design District, this is an opportunity to enjoy coastal living at its best, whether as a primary residence or a lock-and-leave coastal retreat. Come see it today!

Mortgage Calculator

Est. Monthly Payment

$12,542

Principal & Interest$9,650
Property Tax$1,749
Insurance$510
HOA$633
%($349,800)
%
Loan Term

Location

Loading map...

Zoned Schools

  • Elementary

    Solana Vista Elementary · grades K-3 · Solana Beach Elementary

  • Middle

    Earl Warren Middle · grades 7-8 · San Dieguito Union High

  • High

    Torrey Pines High · grades 9-12 · San Dieguito Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

1D
Est. Monthly Rent
$5,409

18 leases of 2-bed condos & townhomes within 0.5 mi · $4,968–$6,176

Monthly Cashflow

Rent − PITIA

-$7,133
Full Cashflow

Incl. vacancy, PM, maint, capex

-$9,834

What would make this work?

$9,834/mo short at 20% down; +$12,772/mo rent closes it.

Break-even price

74% under asking

$462,132
Break-even rent

$12,772/mo above the estimate

$18,181/mo
Cashflow at 35% down
−$8,025/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$9,650
Cap Rate
0.06%
Cash-on-Cash
-33.74%
DSCR

Need ≥ 1.25 for DSCR loan

0.43

NOI (Annual)
$1,031
Price-to-Rent

Lower = better for investors

26.9

* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

Open Full Calculator
DCashflow−$9,834/mo