About 842-850 Valley Ave
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.
Features of 842-850 Valley Ave
MLS® # | 240007422 |
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Price | $2,200,000 |
Bedrooms | 4 |
Bathrooms | 4.00 |
Acres | 0.20 |
Year Built | 1945 |
Type | Residential Income |
Status | PENDING |
Community Information
Address | 842-850 Valley Ave |
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Area | SOLANA BEACH (92075) |
Subdivision | Solana Beach |
City | SOLANA BEACH |
County | San Diego |
State | CA |
Zip Code | 92075 |
Amenities
Is Waterfront | No |
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Has Pool | No |
Interior
Cooling | Wall/Window |
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Fireplace | No |
# of Stories | 1 |
Exterior
Exterior | Other/Remarks |
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Roof | Composition, Other/Remarks |
Additional Information
Date Listed | April 7th, 2024 |
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Days on Market | 12 |
Zoning | R-2:MINOR |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Office | Compass |