838 Valley Ave, Solana Beach, CA 92075
  • MLS#: 240021811SD ( )
  • Street Address: 838 Valley Ave
  • Viewed: 2
  • Price: $4,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1990
  • Bldg sqft: 0
  • Days On Market: 63
  • Additional Information
  • County: SAN DIEGO
  • City: Solana Beach
  • Zipcode: 92075
  • Subdivision: Solana Beach
  • Provided by: Compass
  • Contact: Talechia Talechia
  • California Regional MLS IDX
  • DMCA Notice
  • 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. Dont miss out!
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Features
Association Fee
  1. 0.00
Cooling
  1. None
Country
  1. US
Days On Market
  1. 23
Fencing
  1. Partial
Levels
  1. Two
Netoperatingincome
  1. 0.00
Parcel Number
  1. 2982836400
Park Name
  1. Solana Beach
Sourcesystemkey
  1. 240021811:SDP
Subdivision Name Other
  1. Solana Beach
Tenant Pays
  1. Trash Collection
  2. Water
  3. Cable TV
  4. Electricity
  5. Gas
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/snd/230021482
Year Built
  1. 1990
Zoning
  1. R-2:MINOR