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$2,000,000

Beds
4
Baths
4.0
sq ft
1,582

842 Valley Ave, Solana Beach, CA 92075

842 Valley Ave

Solana Beach, CA 92075

  • 26 days on market
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.

Details

Property type

Lot size

8,905 sq ft

Price per sq ft

$1,265

Year built

1945

Price History

10/28/2024
SanDiego

SanDiego #240025497

Listed
$2,000,000
-9.09%
08/16/2024
SanDiego

SanDiego #240007422

Removed
$2,200,000
05/30/2024
SanDiego

SanDiego #240007422

Listed
$2,200,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 11/22/2024 at 11:10 PM

Listing updated: 11/11/2024 at 4:51 PM

Listed by: Talechia L Plumlee-Baker, Compass Phone #: (858) 375-7394

MLS: SanDiego #240025497

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