See Home Value
$1,980,000 - $2,420,000
Multifamily - Off Market

842-850 Valley Ave

Solana Beach, CA 92075
bedrooms
4 Beds
bathrooms
4 Baths

About This Property

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.
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
$5,400
Year Built
-

Price History

Date / Event Date Event Price
Apr 4, 2024 No longer available -
No longer available
Feb 2, 2024 Listed $2,200,000
Listed

Property Highlights

Air Conditioning


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
4 Beds
4 Baths
-
$2,200,000 Apr 7, 2024
-
$5,400/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20231031
10/31/2023
4 Bed
4 Bath
-
$2,600,000
bedrooms
4 Bed
bathrooms
4 Bath
-
-
-
Talechia Plumlee-Baker
Compass
20210707
07/07/2021
4 Bed
4 Bath
-
$1,400,000
bedrooms
4 Bed
bathrooms
4 Bath
-
-
-
Dane Soderberg
Compass

Building Info

842 Valley Avenue 842 Valley Avenue, Solana Beach, CA 92075
  • 1 Unit for Sale
More about this Building
842 Valley Avenue
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About Solana Beach


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