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Amy Saflar

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Price Dropped by $200K

838-850 Valley Ave Solana Beach, CA 92075

8 Beds

10 Baths

1,224 SqFt

UPDATED:

09/27/2024 12:46 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 1,224 sqft

Price per Sqft $3,676

Subdivision Solana Beach

MLS Listing ID 240021811

Bedrooms 8

Full Baths 8

Half Baths 2

HOA Y/N No

Year Built 1990

Lot Size 0.267 Acres

Property Description

**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!

Location

State CA

County San Diego

Community Solana Beach

Area Solana Beach (92075)

Building/Complex Name Solana Beach

Zoning R-2:MINOR

Interior

Fireplaces Number 2

Exterior

Exterior Feature Stucco

Garage Unit1:Attached Unit2:Attached

Garage Spaces 2.0

Fence Partial

Roof Type Tile/Clay

Building

Story 2

Lot Size Range .25 to .5 AC

Level or Stories 2 Story

Others

Acceptable Financing Cal Vet, Cash, Conventional, Exchange, FHA, VA

Space Rent $5,500

Listing Terms Cal Vet, Cash, Conventional, Exchange, FHA, VA

Listed by Talechia L Plumlee-Baker • Compass

Amy Saflar

Broker Associate | License ID: 01238780

+1(619) 991-9291

Amy Saflar

838-850 Valley Ave Solana Beach, CA 92075

Key Details

Location

Interior

Exterior

Building

Others

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838-850 Valley Ave