842 850 Valley Ave, Solana Beach, CA 92075 – 240025497SD

Solana Beach, CA 92075,842 850 Valley Ave

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Tracy Baker

tracy@tracybbaker.com +1(619) 507-4230

$ 2,000,000

Est. payment | -/mo

8,903 Sqft Lot

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$ 2,000,000

Est. payment | -/mo

Save Video Tour

8,903 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Subdivision Solana Beach

MLS Listing ID 240025497SD

HOA Y/N No

Year Built 1945

Lot Size 8,903 Sqft

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 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. 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.

Location

State CA

County San Diego

Area 92075 - Solana Beach

Building/Complex Name Solana Beach

Zoning R-2:MINOR

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Fence Partial

View Y/N No

Roof Type Composition

Building

Story 1

Entry Level One

Level or Stories One

Others

Senior Community No

Tax ID 2982836300

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

+1(619) 507-4230

tracy@tracybbaker.com

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