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842-850 Valley Ave

Solana Beach, CA 92075
  • $2,200,000
  • STATUS: ACTIVE
  • ON SITE: 41 Days
  • ID#: 240007422
UPDATED: 55 min ago
$2,200,000
  • 4
    BEDS
  • 0.2
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 1,582
    SQFT
  • $1,391
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1945
County:

School Ratings & Info

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 are 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 $5,900-$7900/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.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/149284792
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842-850 Valley Ave Solana Beach, CA 92075

  • Price: $2,200,000
  • Status: ACTIVE
  • On Site: 41 Days
  • Updated: 55 min ago
  • ID#: 240007422
4
Beds
4
Baths
0
½ Baths
0.2
Acres
1,582
SQFT
$1,391
$/SQFT
1945
Built
Neighborhood:
Solana Beach
County:
San Diego
Area:
Solana Beach (92075)
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 are 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 $5,900-$7900/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.
Exterior Features

Architecture Contemporary Body Of Water Booth Driveway Parking SpacePaved Exterior OtherWood Exterior Features Patio Garage Electric Door Opener Garage Type Attached Lot Description Fenced YardView of Water Outbuildings Storage Shed Style 2 StoryExposed Basement Water Features LakePier

Interior Features

Accessibility Laundry on Main Level Appliances DishwasherDryerMicrowaveOvenRangeRefrigeratorWasherWater Softener Owned Basement FinishedFullShowerWalk Out/Outer Door Bath Description At least one BathtubShower Over TubShower Stall Heating Cooling Type Central AirForced Air Heating Fuel Natural Gas Interior Features Natural Fireplace Rooms 7

Property Features

Flood Plain No Municipality Town Source Acreage Other Source Sq Ft Seller Source Water Frontage Other Source Year Built Seller Tax Year 2022 Taxes 7345.00 Type Waterfrontage on Lot Water Waste Private WellSeptic System Zoning Residential

San Diego MLS logo Listing provided courtesy of Talechia Plumlee-Baker of Compass: 858-229-2181. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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