876 Cofair Court

876 Cofair Court

D

Solana Beach, CA 92075

$2,455,900

Beds

3

Baths

3

Sqft

1,844

Year Built

1988

Days on Market

32

Property Type

Townhouse

HOA/mo

$740

MLS ID

SW26012842

Description

LOCATION, LOCATION, LOCATION! Discover coastal luxury living in this rarely available end-unit Oceanview townhome in the highly sought-after gated community of La Mer in Solana Beach. This exquisite 3-bedroom, 3-bath home offers sweeping ocean views and an unmatched lifestyle just steps from the Pacific coastline. Perfectly positioned within walking distance to the Del Mar Racetrack, pristine beaches, popular restaurants, boutique shopping, and bike-friendly paths, this residence combines elegance with everyday convenience. Whether you're looking for a prime investment opportunity (previously rented for $11k month), or a dream retreat to retire and relax by the sea, this home delivers the perfect blend of luxury and coastal charm. Other features include solar to help with the increasing electric bills, wired for electric car charging, indoor laundry room. Don’t miss your chance to own a piece of paradise in one of Southern California’s most desirable beach communities.

Mortgage Calculator

Est. Monthly Payment

$16,331

Principal & Interest$12,418
Property Tax$2,456
Insurance$716
HOA$740
%($491,180)
%

Investment Score

0D
Est. Monthly Rent

HUD Fair Market Rent

$3,852
Monthly Cashflow
$-15,411

Mortgage (P+I)
$12,418
Cap Rate
-1.46%
Cash-on-Cash
-37.65%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.31
Break-even Rent
$18,955

NOI (Annual)
$-35,909
Price-to-Rent

Lower = better for investors

53.1

* Defaults: 20% down, 6.5% rate, 30yr.

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