Active
842-850 Valley Ave
Solana Beach CA, 92075
$2,000,000
$1,264.22 per sqft
Active
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 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.
240025497
MLSⓇ ID
October 28, 2024
Listed
October 28, 2024
Updated
Map
842-850 Valley Ave
Solana Beach CA, 92075
Interior Features
Total Stories
1
Bedrooms
4
Total Bathrooms
4
Full 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
Garage
No
View
No
County
San Diego
Pool
No
Zoning
R-2:MINOR
Listed by Compass, Talechia L Plumlee-Baker,
Listing Contact: 858-229-2181
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Data last updated 8:11 PM UTC, 10/28/2024