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$2,200,000
4 bed
4 bath
0 Sqft
8,905 Sqft lot

842 850 Valley Ave, Solana Beach, California 92075

  • Residential Income Property Type
  • 29 Days Time on market
  • 1945 Year Built
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.

Basic Details
Residential Income
Buy
240007422SD
$2,200,000
4
4
0 Sqft
1945
8,905 Sqft
Pending
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Condos/Co-ops
Virtual Tour
Features
: Wall/window Unit(s)
: Partial
0
$0
: Composition
Address
CA
San Diego
Solana Beach
92075
842 850 Valley Ave
842 850
0
E0° 0' 0''
N0° 0' 0''
Additional Information
29
1
1
0
: One
1
0 Sqft
0 Sqft
0 Sqft
0.20 Sqft
8,905 Sqft
1
0 Sqft
R-2:MINOR
2982836300
$0
$0
$0
$0
$0
$0
0 Sqft
0 Sqft
$0
1
19/04/2024
19/04/2024 00:00:00
$0
Cash,Conventional,CalVetLoan,FHA,VA Loan
Do not Disturb Tenants CrossStreet: stevens and valley
Destrahan
Harry Hurst
Compass
Talechia Plumlee-Baker
SAND-8517
SAND-664330
$0
0
13
1
Solana Beach
1
2
3
1
US-06073-N-2982836300-R-N
07/04/2024 19:46:25
Valley Ave
92075 - Solana Beach
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