Solana Beach, CA 92075,215-17 N Granados Ave.
Solana Beach, CA 92075,215-17 N Granados Ave.
Solana Beach, CA 92075,215-17 N Granados Ave.
Solana Beach, CA 92075,215-17 N Granados Ave.
Solana Beach, CA 92075,215-17 N Granados Ave.
Solana Beach, CA 92075,215-17 N Granados Ave.
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$2,500,000

$2,500,000

Est.Price: ?

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Est. payment /mo

3 Beds

2 Baths

531 SqFt


SOLD DATE : 07/19/2023

Key Details

Sold Price $2,500,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

Square Footage 531 sqft

Price per Sqft $4,708

Subdivision Solana Beach

MLS Listing ID 230011238

Sold Date 07/19/23

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1950

Lot Size 4,353 Sqft

Property Description

Stunning transformation of this Solana Beach ocean view duplex on desirable N. Granados west of I-5. Lower level Unit 215 boasts 2 BD/ 1BA + Bonus room/ approx. 1210 SF that lives like a single family residence. Completely remodeled down to the studs w/ all new electrical wiring and panel/ plumbing/ drywall/ windows/ lighting/ rear foundation stem wall/ opened up kitchen/ reconfigured bathroom/ mini-splits for heat and A/C/ and incredible ocean view deck w/ private yard off the rear of the home. Projected long term tenant rent at $5000/month +. The upper unit is a spacious 1 BD/ 1 BA/ 531 SF w/ new bathroom/ upgraded electric panel/ new wall heater/ fresh paint/ new appliances/ and a massive ocean view deck. Projected long term tenant rent at $3200/month. All work permitted and done to code per City of Solana Beach. Flexibility for owner occupied w/ income- crush it during race track season to guests that will pay top $, short term gross rental income projections of $171,448/ year based on 66% occupancy which is very conservative, or long term rental income projections of $98,400/ year. 1031 exchange buyers will be grateful to park their money in this desirable beach community with ferocious rental demand and lucrative long term returns. A short walk to Cedros Avenue, home to more than 85 distinctive retailers and shops resembling a European side-street. This iconic location features world-famous Belly-Up tavern, Pillbox, salons and spas, art galleries, cafes and restaurants, fashion and jewelry boutiques, and so much more!
Stunning transformation of this Solana Beach ocean view duplex on desirable N. Granados west of I-5. Lower level Unit 215 boasts 2 BD/ 1BA + Bonus room/ approx. 1210 SF that lives like a single family residence. Completely remodeled down to the studs w/ all new electrical wiring and panel/ plumbing/ drywall/ windows/ lighting/ rear foundation stem wall/ opened up kitchen/ reconfigured bathroom/ mini-splits for heat and A/C/ and incredible ocean view deck w/ private yard off the rear of the home. Projected long term tenant rent at $5000/month +. The upper unit is a spacious 1 BD/ 1 BA/ 531 SF w/ new bathroom/ upgraded electric panel/ new wall heater/ fresh paint/ new appliances/ and a massive ocean view deck. Projected long term tenant rent at $3200/month. All work permitted and done to code per City of Solana Beach. Flexibility for owner occupied w/ income- crush it during race track season to guests that will pay top $, short term gross rental income projections of $171,448/ year based on 66% occupancy which is very conservative, or long term rental income projections of $98,400/ year. 1031 exchange buyers will be grateful to park their money in this desirable beach community with ferocious rental demand and lucrative long term returns. A short walk to Cedros Avenue, home to more than 85 distinctive retailers and shops resembling a European side-street. This iconic location features world-famous Belly-Up tavern, Pillbox, salons and spas, art galleries, cafes and restaurants, fashion and jewelry boutiques, and so much more!

Location

State CA

County San Diego

Community Solana Beach

Area Solana Beach (92075)

Building/Complex Name Solana Beach

Interior

Heating Natural Gas

Cooling Wall/Window, Other/Remarks

Exterior

Exterior Feature Wood/Stucco

Garage Unit1:N/K Unit2:N/K

Fence Partial

View Ocean, Panoramic, Panoramic Ocean, Other/Remarks

Roof Type Composition

Building

Lot Description Public Street, Street Paved, West of I-5, Other/Remarks

Story 2

Lot Size Range 4000-7499 SF

Sewer Sewer Connected

Water Meter on Property

Level or Stories 2 Story

Schools

Elementary Schools Solana Beach School District

Middle Schools San Dieguito High School District

High Schools San Dieguito High School District

Others

Acceptable Financing Cash, Conventional, Exchange, VA

Space Rent $2,600

Listing Terms Cash, Conventional, Exchange, VA

Financing Cash

Pets Description Yes

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San Diego Regional MLS (SDMLS)
Listed by Darin Triolo • Keller Williams Realty
Bought with Aurora Villanueva • Alta Realty Group CA, Inc.
agent-avatar

+1(858) 449-1101

theresa@octagonre.com

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

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