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842 Valley Ave
Listing provided courtesy of Talechia Plumlee-Baker of Compass. Last updated 2023-12-07 09:11:24.000000. Listing information © 2023 Client MLS.
Asking Price: $2,500,000
842 Valley Ave, Solana Beach CA 92075
Community: 92075 - Solana Beach
This property was built in 1945 and is priced at $2,500,000. Please see the additional details below.
- 0 Sq Ft
- 0 bathrooms
- 0 bedrooms
- MLS#: 230021476SD
- Year Built: 1945
Seize this exceptional opportunity to acquire two parcels, totaling five units, exclusively offered as a consolidated sale at $5,000,000 (+MLS# 230021482). Seller may consider separate sales, inquire within. The townhomes at 838/840 Valley underwent a comprehensive renovation in late 2022/2023 and are now home to excellent tenants, generating a monthly rent of $5,500/each. The second parcel comprises 2- studio apartments, leased at $2,900/$2,500, respectively, in addition to a single-family home. This detached home features a large yard, 2-beds, 2-baths, an open-concept kitchen, and is presently listed on Airbnb, with reservations continuing into the new year, providing an estimated monthly income of $5,900. The townhomes each boast two spacious bedrooms accompanied by their private full bathrooms, effectively offering 2-master suites on the upper level. The interiors have been updated with contemporary flooring, kitchens, and bathrooms, while additional improvements include new single garage doors and elegant landscaping. Tenants are sure to appreciate the tranquil environment and abundant parking options. The studio units updated w/modern kitchens, baths, and patios, following recent renovations. Currently, long-term tenants occupy the premises, 4-parking spaces available in front of these units. The fully furnished single-family detached home stands out with its ample yard, 2 beds,2baths, and open-concept kitchen adorned with modern finishes. A large eat-in island, open floor plan, extra large Primary Suite. The prime location of these properties, situated within walking distance from the renowned Del Mar Race Track, beautiful beaches, and a plethora of dining, shopping, and entertainment options, adds to their appeal. Don't miss this rare and valuable investment opportunity.