842 Valley Avenue

Solana Beach, CA 92075

$2,000,000
Price
4
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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 – 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.

Listing Agent

  1. Talechia Plumlee-baker

    Talechia Plumlee-baker

    Listing Agent

    Compass

    DRE #01730523

Property Details for 842 Valley Avenue

Zoning
R-2:MINOR
Cross Streets
stevens and valley
Area
Solana Beach (SOL)
Lot Size Area
8905
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
298-283-63-00
LISTING UPDATED: 11/19/2024 11:13 AM

Property Details for 842 Valley Avenue

StatusActive
MLS #240025497SD
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1945
Lot Size0.20 AC / 8,905 SF
CountySan Diego County

Building Information for 842 Valley Avenue

Stories1Residences-Year Built1945Building Size-Lot Size0.20 AC / 8,905 SF

Property Information for 842 Valley Avenue

Community / Development
Community / Development
  • Complex Name: Solana Beach
  • Number Of Units: 3
  • Builders Tract Name: Solana Beach
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 1
  • View: No
  • Security Features: None
Contract Info
Contract Info
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $.00
  • Gross Scheduled Income: $134,400
  • Cap Rate: .00%
  • Gross Rent Multiplier: $.00
  • Other Income1: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.2
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Wall/Window
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition, Other
  • Fence: Partial
Lease Terms
Lease Terms
  • Listing Terms: Cal Vet Loan, Cash, Conventional, Exchange, FHA, VA
  • Tenant Pays: Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Rent: $5,800.00
  • Unit Actual Rent: $5,800.00
  • Unit Projected Rent: $6,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $2,900.00
  • Unit Actual Rent: $2,900.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1

Property History for 842 Valley Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 842 Valley Avenue

Taxable ValueLand$918,950Additions$84,500Total$1,003,450
Tax Record2017$12,188 ($1,016 / month)
Home Facts
Beds2Above Grade Finished SqFt1,582 SqFtStyleMulti-Family Dwelling (2-4)Year Built1945Year Renovated1945ZoningR2CountySAN DIEGOAPN2982836300

Schools near 842 Valley Avenue

This home is within Solana Beach Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Solana Vista Elementary School
PublicK to 3

Skyline Elementary School
PublicK to 6

Earl Warren Middle School
Public7 to 8

Torrey Pines High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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842 Valley Avenue is a multi-family home for sale in Solana Beach, CA 92075. This property was listed for sale on October 28, 2024 by Compass, it's currently listed at $2,000,000. It has been on the market for a total of 22 days and was last sold on September 23, 2021. This listing's school districts are Solana Beach Elementary School District, San Dieguito Union High School District. Nearby schools include Solana Vista Elementary School, Skyline Elementary School and Earl Warren Middle School. 842 Valley Avenue is a 4-bed, 4-bath, multi-family home built in 1945.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Talechia Plumlee-baker, DRE #01730523

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