Listing Courtesy of: Talechia Plumlee-Baker - Compass 858-375-7394
$2,000,000 affordable loan icon Calculate Payment

842-850 Valley Ave Solana Beach, CA 92075

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Cluster Residence
Beds
Baths
Sq. Ft.
0.2 Acre Lot

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Last updated on 11/15/2024 11:29 PM
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 were 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 $8900/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 â?? from the cozy studios to the single standing home â?? 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. Continue reading
MLS#
240025497
Property Type
Cluster
Lot Size
0.2
Stories
1.0

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Listing Courtesy of: Talechia Plumlee-Baker - Compass 858-375-7394
Barbara Lynn Simmons, CA BRE #00637579, Xome Inc., CA BRE #01932600, 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361, [email protected], 844-400-XOME (9663)

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This content last refreshed on 11/15/2024 11:29 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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