842-850 Valley Avenue

Solana Beach, CA 92075

$2,200,000
Price
4
Beds
4
Baths
1,582 Sq. Ft.
$1,391 / Sq. Ft.
1,582
Sq. Ft.
$1,391
per Sq. Ft.

Description

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 are 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...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 are 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 $5,900-$7900/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.

The prime location of these properties, situated within walking distance from the renowned Del Mar Race Track, beautiful beaches, and a plethora of dining, shopping, and entertainment options, adds to their appeal. Don't miss this rare and valuable investment opportunity.

Listing Agent

  1. Talechia Plumlee-Baker

    Talechia Plumlee-Baker

    Listing Agent

    Compass

    DRE #01730523

Property Details for 842-850 Valley Avenue

Area
92075 - Solana Beach
Neighborhood
Solana Beach
Community
SOLANA BEACH
City Postal ID
SOLANA BEACH (92075)
Cross Street(s)
stevens and valley

Location

Listing Courtesy of Compass, Talechia Plumlee-Baker, DRE #01730523
Add your commute
LISTING UPDATED: 05/30/2024 10:22 AM

Property Details for 842-850 Valley Avenue

StatusActive
MLS #240007422
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1945
Lot Size0.20 AC / 8,712 SF
CountySan Diego County

Location

Listing Courtesy of Compass, Talechia Plumlee-Baker, DRE #01730523
Add your commute

Building Information for 842-850 Valley Avenue

Stories1Residences-Year Built1945Building Size-Lot Size0.20 AC / 8,712 SF

Payment Calculator

$12,006 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,006

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 842-850 Valley Avenue

Summary Information
Property and Location
  • System ID: 240007422
  • Class: 2-4 UNITS
  • Levels: 1 Story
  • Year Built: 1945
  • Street Number Numeric: 842
  • Street Name: Valley Ave
  • Map Coordinates: 1187G1
  • Age Restrictions: N/K
  • Market Area: Coastal North
  • Directions To Property: Do not Disturb Tenants
HOA and Fees
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Supplement
  • Supplement: The prime location of these properties, situated within walking distance from the renowned Del Mar Race Track, beautiful beaches, and a plethora of dining, shopping, and entertainment options, adds to their appeal. Don't miss this rare and valuable investment opportunity.
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 3
  • Num of Units w/Cooling: 3
  • Cooling: Wall/Window Unit(s)
Exterior Features
  • Exterior: Other/Remarks
  • Roof: Composition, Other/Remarks
  • Fencing: Partial
  • Security: N/K
Property Information
Property and Assessments
  • Total Stories: 1
  • Entry Only: No
  • Lot Size: 7,500-10,889 SF
  • Lot Size Source: Assessor Record
  • Zoning: R-2:MINOR
  • Complex/Park: Solana Beach
  • Assessors Parcel Num: 298-283-63-00
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 842
  • Unit 1 Num of Bedrooms: 2
  • Unit 1 Num of Total Baths: 2
  • Unit 1 Deposit: $0
  • Unit 1 Estimated SqFt: 944
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Occupied: Tenant
  • Unit 1 Projected Rent: $6,800
  • Unit 1 Rent Actual: $5,800
Unit 2
  • Unit Num for Unit 2: 848
  • Unit 2 Num of Bedrooms: 1
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Deposit: $2,500
  • Unit 2 Estimated SqFt: 294
  • Unit 2 Exclusive Use Yard: No
  • Unit 2 Laundry Hook Ups: Common
  • Unit 2 Occupied: Tenant
  • Unit 2 Projected Rent: $2,500
  • Unit 2 Rent Actual: $2,500
Unit 3
  • Unit Num for Unit 3: 850
  • Unit 3 Num of Bedrooms: 1
  • Unit 3 Num of Total Baths: 1
  • Unit 3 Deposit: $2,900
  • Unit 3 Estimated SqFt: 344
  • Unit 3 Exclusive Use Yard: No
  • Unit 3 Laundry Hook Ups: Common
  • Unit 3 Occupied: Tenant
  • Unit 3 Projected Rent: $2,900
  • Unit 3 Rent Actual: $2,900
Unit 4
  • Unit 4 Num of Total Baths: 0

Property History for 842-850 Valley Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 842-850 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.

Similar Homes

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Similar Sold Homes

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842-850 Valley Avenue is a multi-family home for sale in Solana Beach, CA 92075. This property was listed for sale on April 7, 2024 by Compass, it's currently listed at $2,200,000. It has been on the market for a total of 12 days and was last sold on September 24, 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. 842-850 Valley Avenue is a 4-bed, 4-bath, 1,582 sqft multi-family home built in 1945.

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. No financial or legal advice provided. Equal Housing Opportunity.

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

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