Pending

842 850 Valley Ave

Solana Beach CA, 92075

$2,200,000


Pending

Residential

Built in 1945

Listed by Talechia Plumlee-Baker with Compass 858-375-7394

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.

240007422SD

MLS ID

April 7, 2024

Listed

April 20, 2024

Updated

Map

842 850 Valley Ave
Solana Beach CA, 92075

Interior Features

Total Stories

1


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes

Exterior/Building Features

Lot Size

0.2 Acres


Roof

Composition

Other Property Details

Area Name

92075 - Solana Beach


Days on Market

12


Garage

No


Parking Total

0


View

No


County

San Diego


Pool

No


Zoning

R-2:MINOR


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

4/20/2024

Pending

Listing Contact: 858-375-7394 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/20/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 4/20/2024 at 7:38 PM UTC

 

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