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838 850 Valley Ave, Solana Beach, CA, 92075

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$4,700,000
9 Days Online

838 850 Valley Ave
Solana Beach, CA 92075

For Sale|Multi-Family|Active
Subdivision:
Solana Beach
County:
San Diego
Listed by Talechia Plumlee-Baker of Compass
Call Now: 951-942-5001
Is this the home for you? We can help make it yours.
951-942-5001
838 850 Valley Ave838 850 Valley Ave838 850 Valley Ave838 850 Valley Ave
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Monthly Payment (Est.)

$21,443
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

**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!

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Listing Snapshot
Price 
$4,700,000
Days Online 
9 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2666 Acres
Year Built 
1990
MLS® Number 
240021811SD
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
a week agoListing first seen online
General Features
Parking Spaces 
0
Number of Stories 
2
Acreage 
0.2666
Zoning 
R-2:MINOR
Interior Features
Cooling 
None
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Exterior Features
Fencing 
Partial
Spa 
No
Community Features
Association Dues 
0
Senior Community 
No
MLS Area 
92075 - Solana Beach


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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