23 days on rocket

Sale Pending

842850 Valley Ave, Solana Beach, CA, 92075

$2,200,000

Home List Price

$10,000*

Closing Credit

0 Baths
House
Schools Nearby

Location

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842850 Valley Ave, Solana Beach$2,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Year Built1945
CoolingWall/Window Unit(s)
MLS #240007422SD
Lot Size0.20 Acres
StatusSale Pending
(Pending)

About 842850 Valley Ave

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 are 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 $5,900-$7900/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. 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.

Property Details

Property Features

Property Information:

  • Year Built: 1945
  • Stories: 1

Listing Office:

  • Office Name: Compass
  • Office Phone: (858) 375-7394
  • Listing Agent: Talechia Plumlee-Baker

Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Torrey Pines High School, Public District Grades 9-12
  • Earl Warren Middle School, Public District Grades 7-8
  • Skyline Elementary School, Public District Grades 4-6
  • Solana Vista Elementary School, Public District Grades PK-3

Other

Directions Information:

  • Directions: Do not Disturb Tenants CrossStreet: stevens and valley

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,200,000
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Housing Market Comparison

See how this home compares to others in Solana Beach, CA.

Med. Sold Price

$1.9M

Med. Price/SqFt

$1,000

Avg. Days On Market

19

# of Sold Homes

15

842850 Valley Ave vs Solana Beach

23 DAYS ON ROCKET

+4 Days

$2,200,000

+$295K More

KEY TAKEAWAY

This property is $295K more than the Median Sold Price in Solana Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #240007422SD

Listing Office:

  • Office Name: Compass
  • Office Phone: (858) 375-7394
  • Listing Agent: Talechia Plumlee-Baker

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 5:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,662

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4562995
8
/10
  • Skyline Elementary School

  • 606 Lomas Santa Fe Dr

  • 1.03 miles

  • Public District Grades 4-6

school-card-donut-4562996
9
/10
  • Solana Vista Elementary School

  • 780 Santa Victoria

  • 1.56 miles

  • Public District Grades PK-3

Middle School

school-card-donut-4562997
9
/10
  • Earl Warren Middle School

  • 155 Stevens Ave

  • 1.00 miles

  • Public District Grades 7-8

High School

school-card-donut-4562998
9
/10
  • Torrey Pines High School

  • 3710 Del Mar Heights Rd

  • 2.44 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,366. Residents of Solana Beach, CA typically earn less than $35k each year. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 842850 Valley Ave

What is the listing price of this property?

The listing price of 842850 Valley Ave property is $2,200,000.

What type of property is this?

The property 842850 Valley Ave is a house located in Solana Beach, California, 92075.

Is this property for sale now?

Sale Pending: 842850 Valley Ave is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 842850 Valley Ave are:
Skyline Elementary School: GreatSchools Rating 8/10
Solana Vista Elementary School: GreatSchools Rating 9/10
Earl Warren Middle School: GreatSchools Rating 9/10
Torrey Pines High School: GreatSchools Rating 9/10

Which year was this property built?

The year of construction for 842850 Valley Ave is 1945.

Rocket HomesCaliforniaSan Diego CountySolana Beach92075842850 Valley Ave

This home is located at 842850 Valley Ave in Solana Beach, CA and zip code 92075. This home, which was built in 1945, sits on a 0.20 acre lot. It has been listed on Rocket Homes since April 08, 2024 and is currently priced at $2,200,000.

Solana Beach, CA housing market in April 2024 saw over 3 listings sold above listed price, more than 1 sold at listed price and over 11 sold below. In April 2024 in Solana Beach, CA there were 28.3% more homes for sale than in March 2024. In April 2024, listings were on the market for 19 days. During the same period, the median list price in this real estate market was $1,905,000.

From Rocket Homes Real Estate and based on county public records data.

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