Homes for sale - 842-850 Valley Ave, Solana Beach, CA 92075

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Theresa Walker

theresa@octagonre.com +1(858) 449-1101

$ 2,000,000

Est. payment | -/mo

4 Beds

4 Baths

782 SqFt

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$ 2,000,000

Est. payment | -/mo

Save Virtual Tour Video Tour

4 Beds

4 Baths

782 SqFt

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

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.

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

+1(858) 449-1101

theresa@octagonre.com

1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States

842-850 Valley Ave Solana Beach, CA 92075