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$1,980,000
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Property 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 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.
Full Property Details
Full Property Details for 842-850 Valley Ave
General
- Sold For: $1,980,000
- Status: Closed
- Type: Multi-Family
- Source: SANDICOR
- MLS ID: 240025497
- Added to Site: 93 day(s) ago
Location
- Area: SOLANA BEACH (92075)
- County: San Diego
- Subdivision: Solana Beach
- Complex: Solana Beach
- Driving Directions: Do not Disturb Tenants, appointments only.
Heating & Cooling
- Cooling Type: Wall/Window Air Conditioning
Structural Information
- Roof: Composition, Other (See Remarks)
- Stories/Levels: 1
- Year Built: 1945
Unit Information
- Units w/Refrigerators: 3
- Units w/Range/Oven: 3
- Units w/Dishwashers: 3
- Units w/Patios: 2
- Units w/Cooling: 3
- Units w/Washers: 2
- Units w/Dryers: 2
Unit 1
- Square Feet: 782
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Square Feet: 350
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Square Feet: 450
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.2
- Lot Size (Sq. Ft.): 8,905
- Zoning: R-2:MINOR
- Fencing (Description): Partial
Financial Considerations
- Terms: Conventional
- Tenant Expense: Electricity
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Schools
Schools serving 842-850 Valley Ave
Rating | Name | Grades | Distance |
---|---|---|---|
780 Santa Victoria, Solana Beach, CA 92075 | K-3 | 1.4 mi | |
3520 Long Run Dr, San Diego, CA 92130 | PK-5 | 2.3 mi | |
4210 Carmel Center Rd, San Diego, CA 92130 | K-3 | 2.9 mi | |
155 Stevens Ave, Solana Beach, CA 92075 | 7-8 | 0.8 mi | |
3800 Mykonos Ln, San Diego, CA 92130 | 7-8 | 3 mi | |
675 Balour Dr, Encinitas, CA 92024 | 7-8 | 4.1 mi | |
3710 Del Mar Heights Rd, San Diego, CA 92130 | 9-12 | 2.6 mi | |
800 Santa Fe Dr, Encinitas, CA 92024 | 9-12 | 3.8 mi | |
684 Requeza St, Encinitas, CA 92024 | 9-12 | 4.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 842-850 Valley Ave
Date
Details
Price
Change
Source
1/02/2025
Sold
$1,980,000
-1%
MLS
10/28/2024
Listed
$2,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
842-850 Valley Ave, Solana Beach, CA 92075 (MLS# 240025497) is a Multi-Family property that was sold at $1,980,000 on January 02, 2025. This property was sold by Alison Sorley Atwood from our La Jolla Office.Want to learn more about 842-850 Valley Ave? Do you have questions about finding other Multi-Family real estate for sale in Solana Beach? You can browse all Solana Beach real estate or contact a Coldwell Banker agent to request more information.