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427 Hilmen Place
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 22, 2026 | Sold | ||
| Sold | |||
| Jul 22, 2026 | In contract | - | |
| In contract | |||
| Apr 20, 2026 | Listed by Compass | $2,995,000 | |
| Listed by Compass | |||
| Jul 22, 2025 | Price Decreased |
$3,395,000
↓ $100K
(2.9%) | |
| Price Decreased | |||
| Mar 7, 2025 | Listed | $3,495,000 | |
| Listed | |||
| | |||
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A stunning contemporary masterpiece, this modern home with an industrial flair effortlessly captures the essence of coastal living. Rebuilt in 2020, the four-bedroom, four-and-a-half-bath residence has been thoughtfully designed to maximize natural light and create a seamless indoor-outdoor experience. Located west of I-5 in beautiful Solana Beach, the home offers peek-a-boo ocean views from the rear garden and driveway—making this a prime location. Elegant design elements elevate the space, including eight-foot solid wood frameless doors imported from Italy and a custom front door crafted in Poland. Throughout the home, polished concrete floors with black dye treatment and a satin finish add a sleek, contemporary touch. The custom insulated industrial-style garage door adds a dramatic and unexpected focal point to the family room, while also offering direct access to the rear garden. Inside and out, all walls are hand-troweled, enhancing the home’s minimalist beauty and craftsmanship. The overall energy is calm and serene—where modernity and tranquility coexist in harmony. Each of the four spacious bedrooms includes its own en suite bathroom, complemented by a stylish powder room and functional laundry space that continue the home’s cohesive, contemporary aesthetic. A smaller bonus room near the entrance is perfect as a home office, gaming area, or cozy reading nook—tailored to your needs. The expansive family room is the heart of the home—bright, inviting, and opening to the backyard for effortless al fresco dining in San Diego’s perfect weather. There's ample space to add a pool or even an ADU, offering future potential. Designed with a second story in mind, the home can accommodate an additional 1,500 sq. ft. (subject to buyer seeking permits if desired), which would offer stunning panoramic ocean views. A virtual rendering of this potential expansion is available through the listing agent. While the current kitchen was conceived as a temporary design—originally meant to be relocated upstairs—it is fully functional and stylish, featuring LG stainless steel appliances that make entertaining a joy. Set back from the street in a quiet cul-de-sac, the home offers both privacy and a welcoming presence. The rear yard extends beyond the current landscaping, providing room to build an extended deck or additional outdoor living space. A two-car garage rounds out the home. With no HOA, a top-tier school district, easy beach access, and proximity to all local amenities, this is the perfect place to call home.
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About Solana Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017