Active

838-850 Valley Ave

Solana Beach CA, 92075

$4,500,000


$1,330.97 per sqft

Active

8 Beds

10 Baths

3,381 sqft

Multi-family

Built in 1990

**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!

240021811

MLS ID

September 13, 2024

Listed

October 2, 2024

Updated

Map

838-850 Valley Ave
Solana Beach CA, 92075

Interior Features

Total Stories

2


Bedrooms

8


Total Bathrooms

10


Full Bathrooms

8


Half Bathrooms

2


Appliances

Dishwasher, Range/Oven, Refrigerator, Dryer, Washer


Laundry Description

Unit 1 Hookups, Unit 2 Hookups, Unit 4 Hookups


Fireplace

Yes


Cooling

No


Cooling Description

None


Heating

No

Exterior/Building Features

Lot Size

0.27 Acres


Roof

Tile

Other Property Details

Area Name

Coastal North


Days on Market

13


Garage

Yes


Garage Spaces

2


Parking

Garage, Garage(Attached)


View

No


County

San Diego


Pool

No


Zoning

R-2:MINOR

Listing History

Date

Event

Price

9/27/2024

Price change

$4,500,000

-5%

Listed by Compass, Talechia L Plumlee-Baker,
Listing Contact: 858-229-2181 

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. 

© 2024 San Diego Multiple Listing Service. All rights reserved. 

Data last updated 5:00 AM UTC, 10/2/2024

Powered byLuxury Presence