Homes for sale - 838 850 Valley Ave, Solana Beach, CA 92075

Solana Beach, CA 92075,838 850 Valley Ave

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Angel Ramirez

angel@ramirezrealtygroup.com +1(619) 818-4318

$ 4,500,000

Est. payment | -/mo

0.27 Acres Lot

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$ 4,500,000

Est. payment | -/mo

Save Video Tour

0.27 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Solana Beach

MLS Listing ID 240021811SD

HOA Y/N No

Year Built 1990

Lot Size 0.267 Acres

Property 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, 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!

Location

State CA

County San Diego

Area 92075 - Solana Beach

Building/Complex Name Solana Beach

Zoning R-2:MINOR

Interior

Cooling None

Fireplace No

Exterior

Fence Partial

View Y/N No

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 2982836400

Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA, VA Loan

Listing Terms Cash, Conventional, Cal Vet Loan, FHA, VA Loan

Listed by Talechia Plumlee-Baker • Compass

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 818-4318

angel@ramirezrealtygroup.com

310 Third Ave Suite # C-3, Chula Vista, California, 91910, United States

838 850 Valley Ave Solana Beach, CA 92075

Angel Ramirez

Key Details

Location

Interior

Exterior

Building

Others

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838 850 Valley Ave