$4,700,000
Active
27 Days Online
0 Beds0 Baths0 SQFT
Active

838-850 Valley Ave Solana Beach, CA 92075

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**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 are studio apartments leased at $2,900 and $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!

  • Property TypeMulti-Family
  • NeighborhoodSolana Beach
  • CountySan Diego
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site27 Days
  • MLS StatusActive
  • MLS ID Number240012128
  • Home Size Source N/A
  • Year Built1990
  • Lot Size0.27 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Terms Cal VetCashConventionalExchangeFHAVA
  • Stories 2 Story

Interior Features

  • Cooling N/K

Exterior Features

  • Siding Stucco
  • Roof Tile/Clay

Community Features

  • Sales Restrictions N/K
  • Age Restrictions N/K
  • Security Features N/K
  • Neighborhood Solana Beach

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Monthly Payment (Est.)

$24,688
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