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Sold for $1,980,000
  • $1,980,000

    842 Valley Ave #850, Solana Beach, CA 92075

    4beds
    --sqft
    Multi Family
    Built in 1945
    -- sqft lot
    $2,006,000 Zestimate®
    $--/sqft
    $4,422 Estimated rent

    Home value

    $2,006,000

    $1.83M - $2.21M

    $4,422/mo

    Zestimate® history
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    $4,422/mo

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    $12,553/mo

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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Talechia L Plumlee-Baker DRE #01730523 858-229-2181,

    Compass

    Bought with:

    Alison Sorley Atwood, DRE #01488503

    Coldwell Banker Realty

    Source: SDMLS,MLS#: 240025497MLS LogoOriginating MLS: SDMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Cooling
    • Wall/Window
    Interior area
    • Total structure area: 1,582

    Property

    Features
    • Levels: 1 Story
    • Fencing: Partial
    Details
    • Parcel number: 2982836300
    • Zoning: R-2:MINOR
    • Zoning description: R-2:MINOR

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Other/Remarks
    • Roof: Composition,Other/Remarks
    Condition
    • Year built: 1945

    Community & HOA

    Community
    • Security: N/K
    • Subdivision: SOLANA BEACH
    Location
    • Region: Solana Beach

    Financial & listing details

    • Date on market: 10/28/2024
    • Listing terms: Cal Vet,Cash,Conventional,Exchange,FHA,VA
    • Tenant pays: Electricity

    Price history

    DateEventPrice
    8/13/2025Listing removed$2,200,000+11.1%
    Source: SDMLS #230021476 Report a problem
    1/2/2025Sold$1,980,000-1%
    Source: SDMLS #240025497 Report a problem
    11/23/2024Pending sale$2,000,000
    Source: SDMLS #240025497 Report a problem
    10/28/2024Listed for sale$2,000,000-9.1%
    Source: SDMLS #240025497 Report a problem
    8/15/2024Listing removed--
    Source: SDMLS #240007422 Report a problem
    5/30/2024Listed for sale$2,200,000
    Source: SDMLS #240007422 Report a problem
    4/20/2024Pending sale$2,200,000
    Source: SDMLS #240007422 Report a problem
    4/7/2024Listed for sale$2,200,000
    Source: SDMLS #240007422 Report a problem
    4/3/2024Listing removed--
    Source: SDMLS #240002554 Report a problem
    2/3/2024Listed for sale$2,200,000
    Source: SDMLS #240002554 Report a problem
    2/1/2024Listing removed--
    Source: SDMLS #230021476 Report a problem
    1/12/2024Price change$2,200,000-12%
    Source: SDMLS #230021476 Report a problem
    11/27/2023Price change$2,500,000-3.8%
    Source: SDMLS #230021476 Report a problem
    11/1/2023Listed for sale$2,600,000+62.5%
    Source: SDMLS #230021476 Report a problem
    9/24/2021Sold$1,600,000
    Source: SDMLS #210018954 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 92075

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $2,006,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,006,000