Pending

842-850 Valley Ave

Solana Beach CA, 92075

$2,200,000


$1,390.64 per sqft

Pending

4 Beds

4 Baths

1,582 sqft

Multi-family

Built in 1945

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.

240007422

MLS ID

April 7, 2024

Listed

April 20, 2024

Updated

Map

842-850 Valley Ave
Solana Beach CA, 92075

Interior Features

Total Stories

1


Bedrooms

4


Total Bathrooms

4


Appliances

Dishwasher, Range/Oven, Refrigerator, Dryer, Washer


Laundry Description

Unit 1 Hookups


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

No

Exterior/Building Features

Lot Size

0.2 Acres


Roof

Composition, Other

Other Property Details

Area Name

Coastal North


Days on Market

12


Garage

No


View

No


County

San Diego


Pool

No


Zoning

R-2:MINOR


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

4/20/2024

Pending

Listed by Compass, Talechia L Plumlee-Baker,
Listing Contact: 858-229-2181 

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