Solana Beach, CA 92075,842-850 Valley Ave
Solana Beach, CA 92075,842-850 Valley Ave
Solana Beach, CA 92075,842-850 Valley Ave
$1,980,000
Est. payment /mo
$2,000,000
1.0%
Est.Price: ?

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4 Beds
4 Baths
SOLD DATE : 01/02/2025

Key Details

Sold Price $1,980,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

Subdivision Solana Beach

MLS Listing ID 240025497

Sold Date 01/02/25

Bedrooms 4

Full Baths 4

Year Built 1945

Property Sub-Type Res Income 2-4 Units

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.

Location

State CA

County San Diego

Area Coastal North

Zoning R-2:MINOR

Direction Do not Disturb Tenants, appointments only.

Interior

Cooling Wall/Window

Fireplace No

Exterior

Fence Partial

View Y/N No

Roof Type Composition,Other/Remarks

Building

Story 1

Level or Stories 1

Others

Senior Community No

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

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

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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


MLS Router / San Diego MLS
Listed by Talechia L Plumlee-Baker Compass
Bought with Alison Sorley Atwood Coldwell Banker Realty
Kobe Zimmerman

+1(858) 753-3353

kobezimmerman@bhhscal.com

Serving San Diego County, United States

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