675 Sierra

675 Sierra #7

C

Solana Beach, CA 92075

$1,599,900

Soft Appraisal Value: $1,424,600 · 12.3% above estimate

Beds

2

Baths

1.5

Sqft

1,210

Year Built

1972

Days on Market

47

Property Type

Condo

HOA/mo

$800

MLS ID

NDP2604226

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

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About This Property

Recently remodeled with the finest materials in a coastal contemporary style. This is the dream townhome you have been waiting for, bring your surfboard and beach blanket and enjoy the best Solana Beach has to offer. Located in the coveted Seascape community that features private beach access and community pool, Seascape is the preeminent Solana beach townhouse gated community. This property is in an ideal location that allows for privacy and quick access to the two underground parking spots. Some upgrades include all custom cleave cabinets, luxury vinyl floors with cork underlay, smokey black stainless steel appliances, new carpet, laundry in the unit, copper gutters and premium high density quartz countertops. Perfect primary, great second home and even better investment property; as the complex allows rentals with just a 5 day minimum.

Mortgage Calculator

Est. Monthly Payment

$10,957

Principal & Interest$8,090
Property Tax$1,600
Insurance$467
HOA$800
%($319,980)
%

Location

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Investment Score

0D
Est. Monthly Rent
$5,280
Monthly Cashflow

Rent − PITIA

$-5,677
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,225

Mortgage (P+I)
$8,090
Cap Rate
-0.10%
Cash-on-Cash
-30.84%
DSCR

Need ≥ 1.25 for DSCR loan

0.48
Break-even Rent
$15,961

NOI (Annual)
$-1,615
Price-to-Rent

Lower = better for investors

25.3

* 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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