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Key Details
Sold Price $1,980,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Solana Beach
MLS Listing ID 240025497
Sold Date 01/02/25
Bedrooms 4
Full Baths 4
Year Built 1945
Property Sub-Type Res Income 2-4 Units
Property Type Res Income 2-4 Units
Property Description
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.
Location
State CA
County San Diego
Area Coastal North
Zoning R-2:MINOR
Direction Do not Disturb Tenants, appointments only.
Interior
Cooling Wall/Window
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition,Other/Remarks
Building
Story 1
Level or Stories 1
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Bought with Alison Sorley Atwood Coldwell Banker Realty
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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