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557 Canyon Drive
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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 |
|---|---|---|---|
| May 12, 2026 | Sold | ||
| Sold | |||
| Apr 11, 2026 | In contract | - | |
| In contract | |||
| Mar 23, 2026 | Listed by Professional Realty Services | $4,550,000 | |
| Listed by Professional Realty Services | |||
| Jun 16, 2025 | Price Decreased |
$3,250,000
↓ $250K
(7.1%) | |
| Price Decreased | |||
| Dec 27, 2024 | Listed | $3,500,000 | |
| Listed | |||
| | |||
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Price improvement! Now is a rare opportunity to own an incredible property, located West of I-5 in one of Solana Beach's premier neighborhoods! Perched at the top of the hill on Canyon Dr, and built in 1957, it features 3702 square feet of living space. This charming home appears as a single-story at the street level, but does have a full lower-level walk out to the rear yard. Enter into a large living room with rock fireplace, adjacent to a bright & cheery sunroom, dining room and kitchen. The view from these rooms is beautiful & peaceful. With 4 bedrooms & 4 full baths, there's plenty of room for a big family or multi-generational living. A huge, main-floor Primary suite was added to the home in the 70's, complete with a 36x22' deck off the bedroom offering unobstructed views looking south. Downstairs features 2 very large rooms that could be used in so many ways... a kids play area, an office, a home gym, craft room, a Man Cave or even a Speakeasy lounge (the wood bar and stone fireplace are already there!). Also downstairs you will find a full bath and large laundry room. PLUS, an additional unpermitted, 600 sq ft of space, (not included in the living space square footage), it was previously used as a workshop & office. Featuring dual driveways, one on each side, an oversized 2-car garage, and a separate carport. The property has an expansive 20,300 sq. ft lot (just under a 1/2 acre)! Plenty of room for your creativity to expand the current footprint...add an ADU, pickleball court, pool or build your dream home. The City has indicated the home could be increased in size to 5078 sq ft, along with an additional 400 sq ft detached garage and up to an 1000 sq ft ADU. With this idyllic, beautiful location, this gem is ready for your restoration! Nearby Award-winning schools elementary through high school. Just minutes away to Fletcher Cove & pristine beaches, the Cedros shopping district, and the Solana Beach train station for easy commuting.
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About Solana Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017