838-850 Valley Ave Active Save Request In-Person Tour Request Virtual Tour
Solana Beach,CA 92075
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