$ 2,000,000
842-850 Valley Ave Solana Beach, CA 92075
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In-PersonVirtual Tour
$ 2,000,000
Est. payment /mo
Active
842-850 Valley Ave Solana Beach, CA 92075
4 Beds
4 Baths
782 SqFt
UPDATED:
11/12/2024 12:49 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 782 sqft
Price per Sqft $2,557
Subdivision Solana Beach
MLS Listing ID 240025497
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1945
Lot Size 8,905 Sqft
Property Description
This versatile property ensemble features 3 units, feasibility study reveals potential for 1 adu and a Jr/adu(500ft) Property features Two updated studio apartments and a fully furnished, standalone single-family home, presenting a lucrative investment opportunity. The studio apartments were leased at $2,900 and $2,500 respectively, boasting contemporary renovations that include modern kitchens, elegant bathrooms, and inviting patios. These units are occupied by long-term tenants and come with the convenience of four parking spaces. The crown jewel of this property is the single standing home. It offers a spacious yard, two bedrooms, and two bathrooms. The open-concept kitchen is equipped with modern finishes, enhancing the home's appeal. Currently listed on Airbnb, it has ongoing reservations, with an estimated monthly income of $8900/month. This arrangement makes the home ideal for both short-term and long-term rental scenarios, or owner occupied. Each element of this property has been thoughtfully updated.The diversity of the units ? from the cozy studios to the single standing home ? makes this a versatile and attractive investment. With its combination of steady rental income and potential for growth, this property stands as an exceptional opportunity for investors seeking a balanced and profitable real estate portfolio.
The prime location of these properties, situated within walking distance from the renowned Del Mar Race Track, beautiful beaches, and a plethora of dining, shopping, and entertainment options, adds to their appeal. Don't miss this rare and valuable investment opportunity.
The prime location of these properties, situated within walking distance from the renowned Del Mar Race Track, beautiful beaches, and a plethora of dining, shopping, and entertainment options, adds to their appeal. Don't miss this rare and valuable investment opportunity.
Location
State CA
County San Diego
Community Solana Beach
Area Solana Beach (92075)
Building/Complex Name Solana Beach
Zoning R-2:MINOR
Interior
Cooling Wall/Window
Exterior
Exterior Feature Other/Remarks
Fence Partial
Roof Type Composition,Other/Remarks
Building
Story 1
Lot Size Range 7500-10889 SF
Level or Stories 1 Story
Others
Acceptable Financing Cal Vet, Cash, Conventional, Exchange, FHA, VA
Space Rent $5,800
Listing Terms Cal Vet, Cash, Conventional, Exchange, FHA, VA
Listed by Talechia L Plumlee-Baker • Compass