$2,500,000

718 Stevens Avenue

Solana Beach CA, 92075

Description

Rental Income or Development Potential close to the beach in Solana Bch/Del Mar. One half mile to Del Mar Race Track on the west side of I-5. Five legal units in Eden Gardens. Building next door (726-732 Stevens) must be purchased same time. On 0.37 acre. Tenants are month-to-month. All occupied. Two, 2bed/1 bath; Two 2bed/1.5 bath and one large studio. Garage for 4 units plus 2 spaces. All units renovated recently. Excellent development opportunity. Vacation rentals, condos, time share, or big detached. [Supplement]: The 5th unit is a large studio that rents for $1750/month. Add that in your proforma. This is the only unit that parks in driveway. The address is 718-A Stevens Avenue. All five units are permitted. La Colonia Park on north side of property. Street side building are single level with 2 bed/1bath and large covered patio. One upper level and one lower level. The buildings in the back are townhouse style (2 story) and have 2 bed/1.5 bath with large fenced rear yards. FYI-On the south side of the shared driveway are 4 more mirror image units. The address id 726-732 Stevens Avenue. It is listed for $2,550,000. The asking price for all 9 units is $5,150,000. All leases are month-to-month. The seller does not want to sell one side by itself. All or nothing. You can sit back and collect rents OR develop plans for new condos, time shares, new apartments, or new giant detached homes. The total land area for all 9 units is 0.67 acre. Plenty of room to have your architect go to town with a design that will be fabulous. Your call!

Details

MLS#200037098
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1973
Days On Site164

Features

Units5
Building(s)1

Market Activity 92075

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Area Information
StateCA
CountySan Diego
CitySolana Beach
Zip Code92075
Area92075 - Solana Beach92075 - Solana Beach
Listing VS Median (in 92075)
Price:
$2,500,000
low | high
Med:
$599,950
100% of Average
On Site:
164
low | high
Med:
3
100% of Average
Listing Updated: December 14, 2020 2:38:20 AM PST
Mark Bobo LogoMLS Number: 200037098
Listing Provided By:
Mark Bobo  of  Tiger Bobo Real Esate Company
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