842-850 Valley Ave Solana Beach, CA 92075
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.
- Property TypeMulti-Family
- NeighborhoodSolana Beach
- CountySan Diego
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site83 Days
- MLS StatusActive
- MLS ID Number240007422
- Home Size Source N/A
- Year Built1945
- Lot Size0.2 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Terms Cal VetCashConventionalExchangeFHAVA
- Stories 1 Story
Interior Features
- Cooling Wall/Window
Exterior Features
- Siding Other/Remarks
- Roof CompositionOther/Remarks
Community Features
- Sales Restrictions N/K
- Age Restrictions N/K
- Security Features N/K
- Neighborhood Solana Beach