Active
838-850 Valley Ave
Solana Beach CA, 92075
$4,500,000
$1,330.97 per sqft
Active
8 Beds
10 Baths
3,381 sqft
Multi-family
Built in 1990
**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!
240021811
MLSⓇ ID
September 13, 2024
Listed
October 2, 2024
Updated
Map
838-850 Valley Ave
Solana Beach CA, 92075
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
10
Full Bathrooms
8
Half Bathrooms
2
Appliances
Dishwasher, Range/Oven, Refrigerator, Dryer, Washer
Laundry Description
Unit 1 Hookups, Unit 2 Hookups, Unit 4 Hookups
Fireplace
Yes
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.27 Acres
Roof
Tile
Other Property Details
Area Name
Coastal North
Days on Market
13
Garage
Yes
Garage Spaces
2
Parking
Garage, Garage(Attached)
View
No
County
San Diego
Pool
No
Zoning
R-2:MINOR
Listing History
Date | Event | Price |
---|---|---|
9/27/2024 | Price change | $4,500,000 -5% |
Listed by Compass, Talechia L Plumlee-Baker,
Listing Contact: 858-229-2181
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Data last updated 5:00 AM UTC, 10/2/2024