Residential Income For Sale – – 1 Bedroom – – Price $4,500,000 – 24002
Property Description

**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!

Features
: 2 story
Address Map
US
California
San Diego
Solana Beach
92075
Valley Ave
838-850
W118° 44' 32.6''
N32° 59' 1.8''
Neighborhood
Neighborhood
Additional Information
13
R-2:MINOR
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Talechia
Plumlee-Baker
Compass
$0
$0
$0
$0
$0
$0
$0
.25 to .5 ac
Solana Beach
Solana beach
Fallbrook union elementary distr
: N/k
Fallbrook union elementary distr
Fallbrook union high school dist
2

Residential Income For Sale

838-850 Valley Ave, Solana Beach, California 92075

1 Bedrooms
11,615 Sqft
$4,500,000
Listing ID #240021811
Basic Details
Property Description :

**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!

Status : Active
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 240021811
Price : $4,500,000
Bedrooms : 1
Year Built : 1990
Lot Sq Ft : 11,615 Sqft
Style : Res income 2-4 units
Unit 1 # Bedrooms : 2
Unit 2 # Bedrooms : 2
Unit 3 # Bedrooms : 2
Unit 4 # Bedrooms : 2
Unit 1 # of Half Baths : 1
Unit 2 # of Half Baths : 1
Unit 1 # Total Baths : 3
Unit 2 # Total Baths : 3
Unit 3 # Total Baths : 2
Unit 4 # Total Baths : 2
Unit 1 # of Full Baths : 2
Unit 2 # of Full Baths : 2
Unit 3 # of Full Baths : 2
Unit 4 # of Full Baths : 2
Unit 1 Estimated SqFt : 1,224 Sqft
Unit 2 Estimated SqFt : 1,213 Sqft
Unit 4 Estimated SqFt : 944 Sqft
Agent info
Berkshire Hathaway HomeServices California Properties
6027 Paseo Delicias, Rancho Santa Fe, CA 92067
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