930 Via Mil Cumbres #161
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930 Via Mil Cumbres #161

Btop 30%

Solana Beach, CA 92075

$649,000
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: -$2,645/mo full cashflow at 20% down, 7.36% rate.

Works at $302,837 (53% under asking), or at 80% down.

Rent $3,726/mo from 4 leases in this building (±1 bed) ($3,477–$3,866).

Beds

1

Baths

1

Sqft

762

Year Built

1979

Days on Market

138

Property Type

Condo

HOA/mo

$555

MLS ID

NDP2606194

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

Virtual Tour

About This Property

Discover one of the best opportunities to own in the highly sought-after Villas of Lomas Santa Fe, one of the most affordable entry points into the coveted Solana Beach coastal lifestyle. Note this is VA and FHA approved. This desirable ground-level corner residence offers a spacious one-bedroom, one-bath floor plan, a private patio, assigned parking with additional storage, and endless potential to make it your own. Ideally situated as an interior unit, this home enjoys a peaceful setting with no street or parking lot noise. Unlike many ground-level residences, the living room windows sit well above sidewalk grade and are complemented by mature landscaping, creating an exceptional sense of privacy while still allowing an abundance of natural light to fill the home. The result is a bright, inviting living space that stands out from many other downstairs units in the community. Whether you’re a first-time homebuyer, investor, downsizer, or searching for the perfect vacation getaway, this home presents an exceptional opportunity to renovate and personalize a property in one of North County’s most desirable beach communities while building equity in an unbeatable location. Residents enjoy resort-style amenities including a sparkling swimming pool, relaxing spa, recreation room, racquetball courts, beautifully landscaped grounds, tranquil ponds with waterfalls, scenic walking paths, BBQ and picnic areas, and a separate community laundry facility with multiple washers and dryers. Ideally located just minutes from Fletcher Cove Beach, the Cedros Design District, Lomas Santa Fe Plaza, restaurants, shopping, the Solana Beach Train Station, Del Mar Racetrack, golf courses, and convenient Interstate 5 access, this home places the very best of coastal North County right at your doorstep. Properties at this price point in Solana Beach are rare. Don’t miss this incredible opportunity to own in one of Southern California’s most desirable coastal communities and create a home uniquely your own. Please note this complex is VA and FHA approved!

Mortgage Calculator

Est. Monthly Payment

$4,974

Principal & Interest$3,581
Property Tax$649
Insurance$189
HOA$555
%($129,800)
%
Loan Term

Location

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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.

Comparable Properties

3 comps found

This Property

$3,726

vs

Comp Average

$4,029

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

45B
Est. Monthly Rent
$3,726

4 leases in this building (±1 bed) · $3,477–$3,866

Monthly Cashflow

Rent − PITIA

-$1,248
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,645

What would make this work?

$2,645/mo short at 20% down; 80% down or +$3,436/mo rent closes it.

Break-even price

53% under asking

$302,837
Break-even rent

$3,436/mo above the estimate

$7,162/mo
Cashflow at 35% down
−$1,974/mo
Down payment to break even

$519,200 cash

80%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,581
Cap Rate
2.07%
Cash-on-Cash
-24.46%
DSCR

Need ≥ 1.25 for DSCR loan

0.75

NOI (Annual)
$13,458
Price-to-Rent

Lower = better for investors

14.5

* 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.

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BCashflow−$2,645/mo