$4,500,000
838 850 Valley Ave Solana Beach, CA 92075
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$4,500,000
Est. payment /mo
0.27 Acres Lot
Active
838 850 Valley Ave Solana Beach, CA 92075
UPDATED:
09/30/2024 05:43 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Solana Beach
MLS Listing ID 240021811SD
HOA Y/N No
Year Built 1990
Lot Size 0.267 Acres
Property Description
**Investment Opportunity: 5 Units on 2 Parcels for Sale** An excellent opportunity to purchase five units across two parcels. These properties underwent extensive renovations from late 2022 into 2023. The townhomes at 838 and 840 are currently occupied by excellent long-term tenants, each generating a monthly rent of $5,500. Each townhome features two large bedrooms with en-suite bathrooms, effectively providing dual master suites on the upper floor. The interiors have been upgraded with stylish flooring, modern kitchen designs, and updated bathrooms. Additional enhancements include new garage doors for each single-car garage and tasteful landscaping. A feasibility study indicates the potential for one ADU and a junior ADU (500 sq ft) per parcel. 842, 848, and 850 has 3 Units. 848 and 850 studio apartments leased at $2,900 from 2023/202 and currently leasing $2,500 respectively. These studios boast contemporary renovations with modern kitchens, elegant bathrooms, inviting patios, and the convenience of four parking spaces. Unit 842 is a fully furnished, standalone home, presenting a lucrative investment opportunity on Airbnb, bringing in approximately $8,900 per month. This home features a spacious yard, two bedrooms, two bathrooms, and an open-concept kitchen with modern finishes. The peaceful setting and ample parking add to its appeal. Located within walking distance of the renowned Del Mar Race Track, beautiful beaches, and a variety of dining, shopping, and entertainment options, these properties offer a rare and valuable investment opportunity. Don’t miss out!
Location
State CA
County San Diego
Area 92075 - Solana Beach
Building/Complex Name Solana Beach
Zoning R-2:MINOR
Interior
Cooling None
Fireplace No
Exterior
Fence Partial
View Y/N No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 2982836400
Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA, VA Loan
Listing Terms Cash, Conventional, Cal Vet Loan, FHA, VA Loan
Listed by Talechia Plumlee-Baker • Compass