838-850 Valley Ave Solana Beach, CA

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Valley Ave, Solana Beach, Home For Sale

Price: $4,700,000
Address: 838-850 Valley Ave
City: Solana Beach
State: CA
Zip:
Amenities: Parking
Bedrooms: 2
Fee: No
Provided By: RealtyWW

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.

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