For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $2,500,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 531 sqft
Price per Sqft $4,708
Subdivision Solana Beach
MLS Listing ID 230011238
Sold Date 07/19/23
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1950
Lot Size 4,353 Sqft
Property Description
Stunning transformation of this Solana Beach ocean view duplex on desirable N. Granados west of I-5. Lower level Unit 215 boasts 2 BD/ 1BA + Bonus room/ approx. 1210 SF that lives like a single family residence. Completely remodeled down to the studs w/ all new electrical wiring and panel/ plumbing/ drywall/ windows/ lighting/ rear foundation stem wall/ opened up kitchen/ reconfigured bathroom/ mini-splits for heat and A/C/ and incredible ocean view deck w/ private yard off the rear of the home. Projected long term tenant rent at $5000/month +. The upper unit is a spacious 1 BD/ 1 BA/ 531 SF w/ new bathroom/ upgraded electric panel/ new wall heater/ fresh paint/ new appliances/ and a massive ocean view deck. Projected long term tenant rent at $3200/month. All work permitted and done to code per City of Solana Beach. Flexibility for owner occupied w/ income- crush it during race track season to guests that will pay top $, short term gross rental income projections of $171,448/ year based on 66% occupancy which is very conservative, or long term rental income projections of $98,400/ year. 1031 exchange buyers will be grateful to park their money in this desirable beach community with ferocious rental demand and lucrative long term returns. A short walk to Cedros Avenue, home to more than 85 distinctive retailers and shops resembling a European side-street. This iconic location features world-famous Belly-Up tavern, Pillbox, salons and spas, art galleries, cafes and restaurants, fashion and jewelry boutiques, and so much more!
Stunning transformation of this Solana Beach ocean view duplex on desirable N. Granados west of I-5. Lower level Unit 215 boasts 2 BD/ 1BA + Bonus room/ approx. 1210 SF that lives like a single family residence. Completely remodeled down to the studs w/ all new electrical wiring and panel/ plumbing/ drywall/ windows/ lighting/ rear foundation stem wall/ opened up kitchen/ reconfigured bathroom/ mini-splits for heat and A/C/ and incredible ocean view deck w/ private yard off the rear of the home. Projected long term tenant rent at $5000/month +. The upper unit is a spacious 1 BD/ 1 BA/ 531 SF w/ new bathroom/ upgraded electric panel/ new wall heater/ fresh paint/ new appliances/ and a massive ocean view deck. Projected long term tenant rent at $3200/month. All work permitted and done to code per City of Solana Beach. Flexibility for owner occupied w/ income- crush it during race track season to guests that will pay top $, short term gross rental income projections of $171,448/ year based on 66% occupancy which is very conservative, or long term rental income projections of $98,400/ year. 1031 exchange buyers will be grateful to park their money in this desirable beach community with ferocious rental demand and lucrative long term returns. A short walk to Cedros Avenue, home to more than 85 distinctive retailers and shops resembling a European side-street. This iconic location features world-famous Belly-Up tavern, Pillbox, salons and spas, art galleries, cafes and restaurants, fashion and jewelry boutiques, and so much more!
Location
State CA
County San Diego
Community Solana Beach
Area Solana Beach (92075)
Building/Complex Name Solana Beach
Interior
Heating Natural Gas
Cooling Wall/Window, Other/Remarks
Exterior
Exterior Feature Wood/Stucco
Parking Features Unit1:N/K Unit2:N/K
Fence Partial
View Ocean, Panoramic, Panoramic Ocean, Other/Remarks
Roof Type Composition
Building
Lot Description Public Street, Street Paved, West of I-5, Other/Remarks
Story 2
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Water Meter on Property
Level or Stories 2 Story
Schools
Elementary Schools Solana Beach School District
Middle Schools San Dieguito High School District
High Schools San Dieguito High School District
Others
Acceptable Financing Cash, Conventional, Exchange, VA
Space Rent $2,600
Listing Terms Cash, Conventional, Exchange, VA
Financing Cash
Pets Allowed Yes
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Aurora Villanueva • Alta Realty Group CA, Inc.
“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”
GET MORE INFORMATION