718 Stevens Avenue

Solana Beach, CA 92075
$2,500,000
For Sale • 200 days
8
Beds
6
Baths
0
Sq Ft

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.

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

  • Type: Multi Family
  • Stories: 1
  • Neighborhood: Eden Gardens
  • MLS#: 200037098

Interior

BEDROOMS

  • Total: 8
  • Unit 1 total: 2
  • Unit 2 total: 2
  • Unit 3 total: 2
  • Unit 4 total: 2

BATHROOMS

  • Total: 6
  • Unit 1 total: 1
  • Unit 2 total: 1
  • Unit 3 total: 2
  • Unit 4 total: 2

Exterior

BUILDING

  • Exterior: Stone
  • Stories: 1
  • Building Stories: 1
  • Buildings: 2
  • Units: 5

LOT DETAILS

  • Fencing: Partial

Other Information

FINANCING TERMS

  • Conventional
  • Exchange

LOCATION

  • Complex: Close To Del Mar Race Track
  • Neighborhood: Eden Gardens
  • City: Solana Beach
  • County: San Diego
  • APN#: 2981641000
Fewer Details

Property History

DATE EVENT & SOURCE PRICE
Listed (Active)
SDMLS
MLS# 200037098
$2,500,000

Ask a Question

Similar Multi Family Properties

This Properties Story

Listed by Mark Bobo • DRE Lic #01004083 • Tiger/Bobo Real Esate Company
Last updated 1 hour ago • Source: SDMLS