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842 850 Valley Ave

Solana Beach, CA 92075
  • $2,200,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: 240002554SD
UPDATED: 70 min ago
$2,200,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1945
County:

School Ratings & Info

Listing Agent(s): Talechia Plumlee-Baker of Compass (858-375-7394)


Description

This versatile property ensemble features 3 units: 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. 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-02T18:33:08.2. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/147242595
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842 850 Valley Ave Solana Beach, CA 92075

  • Price: $2,200,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 70 min ago
  • ID#: 240002554SD
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1945
Built
Neighborhood:
Solana Beach
County:
San Diego
Area:
92075 - Solana Beach
Property Description
This versatile property ensemble features 3 units: 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. 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.
Exterior Features

Fencing Partial Parking Total 0 Roof Composition Spa YN No View YN No

Interior Features

Cooling Wall/Window Unit(s) Cooling YN Yes Heating YN Yes

Property Features

Association Fee 0 Cap Rate 0 Gross Scheduled Income 134400 Levels One Listing Agreement Seller Reserved Listing Service Full Service Listing Terms CashConventionalCal Vet LoanFHAVA Loan Net Operating Income 0 Senior Community YN No Tenant Pays Electricity Zoning R-2:MINOR



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-02T18:33:08.2. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Talechia Plumlee-Baker of Compass (858-375-7394)