$4,700,000
- Beds
- 8
- Baths
- 9.0
- sq ft
- 3,381
838 Valley Ave, Solana Beach, CA 92075
838 Valley Ave
Solana Beach, CA 92075
- 6 days on market
**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!
Details
Property type
Lot size
0.27 acres
Price per sq ft
$1,391
Year built
1990
Price History
09/13/2024
SanDiego #240021813
Removed
$4,700,000
09/13/2024
SanDiego #240021813
Listed
$4,700,000
08/16/2024
SanDiego #240012128
Removed
$4,700,000
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/18/2024 at 6:10 PM
Listing updated: 09/13/2024 at 4:55 PM
Listed by: Talechia L Plumlee-Baker, Compass Phone #: (858) 375-7394
MLS: SanDiego #240021811
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