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838-850 Valley Ave, Solana Beach, CA 92075

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For Sale

$4,500,000

8 beds • 8 baths • 2 half baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 31-40 Years Old
    Age

  • Fireplace
    Heating System

  • Fireplace
    Fireplace

Explore this Property

**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!
MLS# 240021811

Courtesy Of Compass

(858) 375-7394

Property Features

  • Age
    31-40 Years Old
  • Amenities
    Dock
  • Appliances
    Dishwasher, Dryer, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Cooling System
    Unknown
  • Exterior Type
    Stucco
  • Fireplace
    Fireplace
  • Heating System
    Fireplace
  • Lot Size
    0.27 Acres
  • Roof Type
    Tile

Map and Directions

Directions to 838-850 Valley Ave, Solana Beach, CA 92075

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Monthly Payment Breakdown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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