842 Valley Avenue
$2,000,000
4
4
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Listed By Compass
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.
Property Details for 842 Valley Avenue
Zoning
R-2:MINOR
Cross Streetsstevens and valley
AreaSolana Beach (SOL)
Lot Size Area8905
HOA Fee Frequency 1Monthly
HOA Fee 2$0
HOA Fee Frequency 2Monthly
Assessor Parcel Number298-283-63-00
LISTING UPDATED: 11/19/2024 11:13 AM
Property Details for 842 Valley Avenue
Status | Active |
---|---|
MLS # | 240025497SD |
Days on Market | 22 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1945 |
Lot Size | 0.20 AC / 8,905 SF |
County | San 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
Property History for 842 Valley Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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