838-850 Valley Avenue
$4,500,000
8
10
3,381
3,381
$1,331
Listed By Compass
Description
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,...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!
Property Details for 838-850 Valley Avenue
Area
92075 - Solana Beach
NeighborhoodSolana Beach
CommunitySOLANA BEACH
City Postal IDSOLANA BEACH (92075)
Cross Street(s)Stevens and Valley
LISTING UPDATED: 09/26/2024 05:46 PM
Property Details for 838-850 Valley Avenue
Status | Active |
---|---|
MLS # | 240021811 |
Days on Market | 29 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1990 |
Lot Size | 0.27 AC / 11,761 SF |
County | San Diego County |
Building Information for 838-850 Valley Avenue
Stories2Residences-Year Built1990Building Size-Lot Size0.27 AC / 11,761 SF
Property Information for 838-850 Valley Avenue
Property History for 838-850 Valley Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 838-850 Valley Avenue
This home is within Solana Beach Elementary School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 3 | |||
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Solana Vista Elementary School PublicK to 3 | ||
Skyline Elementary School PublicK to 6 | ||
Earl Warren Middle School Public7 to 8 | ||
Torrey Pines High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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