842 850 Valley Ave Pending Save Request In-Person Tour Request Virtual Tour
Solana Beach,CA 92075
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Subdivision Solana Beach
MLS Listing ID 240025497SD
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)
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 1
Others
Acceptable Financing Cash,Conventional,Cal Vet Loan,FHA,VA Loan
Listing Terms Cash,Conventional,Cal Vet Loan,FHA,VA Loan