Property Detail

842 Valley Ave

Solana Beach CA 92075

$2,200,000

Status: Active

Property Details

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 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.

Map Location

Listing provided courtesy of Talechia Plumlee-Baker of Compass. Last updated 2024-05-26 08:11:26.000000. Listing information © 2023 CRMLS.

Linda Lederer Bernstein

Linda Lederer Bernstein

DRE #1527365
Inquire Now
https://www.royacdn.com/unsafe/smart/Site-4c9a5a23-65f0-4293-a932-ee64df628422/LInda_Bio_3rd_person2_1_.jpg Realtor https://www.royacdn.com/unsafe/smart/Site-4c9a5a23-65f0-4293-a932-ee64df628422/LInda_Bio_3rd_person2_1_.jpg