838 Valley Avenue

Solana Beach, CA 92075

$4,500,000
Price
8
Beds
10
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...**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!

Listing Agent

  1. Talechia Plumlee-baker

    Talechia Plumlee-baker

    Listing Agent

    Compass

    DRE #01730523

Property Details for 838 Valley Avenue

Zoning
R-2:MINOR
Cross Streets
Stevens and Valley
Area
Solana Beach (SOL)
Lot Size Area
11615
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
298-283-64-00
LISTING UPDATED: 09/26/2024 05:49 PM

Property Details for 838 Valley Avenue

StatusActive
MLS #240021811SD
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1990
Lot Size0.27 AC / 11,615 SF
CountySan Diego County

Building Information for 838 Valley Avenue

Stories2Residences-Year Built1990Building Size-Lot Size0.27 AC / 11,615 SF

Property Information for 838 Valley Avenue

Community / Development
Community / Development
  • Complex Name: Solana Beach
  • Number Of Units: 5
  • Builders Tract Name: Solana Beach
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: None
Contract Info
Contract Info
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $.00
  • Gross Scheduled Income: $132,000
  • Cap Rate: .00%
  • Gross Rent Multiplier: $.00
  • Other Income1: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.27
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: None
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Fence: Partial
Lease Terms
Lease Terms
  • Listing Terms: Cal Vet Loan, Cash, Conventional, Exchange, FHA, VA
  • Tenant Pays: Cable TV, Electricity, Gas/Propane, Hot Water, Trash Collection, Water
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Rent: $5,500.00
  • Unit Actual Rent: $5,500.00
  • Unit Projected Rent: $5,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Rent: $5,500.00
  • Unit Actual Rent: $5,500.00
  • Unit Projected Rent: $5,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $5,400.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Projected Rent: $8,900.00
  • Like Units: 1

Property History for 838 Valley Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 838 Valley Avenue

Taxable ValueLand$946,501Additions$328,374Total$1,274,875
Tax Record2021$15,068 ($1,256 / month)
Home Facts
Total Finished SqFt2,352 SqFtAbove Grade Finished SqFt2,352 SqFtLot Size11,615 SqFtStyleDuplexYear Built1990Year Renovated1990ZoningR-2:MINOR MULCountySAN DIEGOAPN298-283-64-00

Schools near 838 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.

Similar Homes

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Similar Sold Homes

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838 Valley Avenue is a multi-family home for sale in Solana Beach, CA 92075. This property was listed for sale on September 12, 2024 by Compass, it's currently listed at $4,500,000. It has been on the market for a total of 31 days and was last sold on September 23, 2021. This listing's school districts are Solana Beach Elementary School District, San Dieguito Union High School District. Nearby schools include Solana Vista Elementary School, Skyline Elementary School and Earl Warren Middle School. 838 Valley Avenue is a 8-bed, 10-bath, multi-family home built in 1990.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Talechia Plumlee-baker, DRE #01730523

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