838-840 Valley Ave, Solana Beach, CA 92075

Property Description

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 and 840 Valley underwent a comprehensive renovation in late 2022/2023 and are now home to excellent tenants, generating a monthly rent of $5,500/ea. 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 bedrooms, 2bathrooms, 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 boast 2-spacious bedrooms accompanied by their private full bathrooms, effectively offering two 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 are updated with modern kitchens, bathrooms, and patio areas, following recent renovations. Currently, long-term tenants occupy the premises, and there are 4parking spaces available in front of these units. The fully furnished single-family detached home stands out w/ an ample yard, 2 beds,2baths, and an open-concept kitchen adorned w/ modern finishes. A large eat-in island, open floor plan, xlarge Primary Suite.