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$2,500,000

718 724 STEVENS AVENUE
Solana Beach, CA 92075

$2,500,000 / 0
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!
Market Status: Available
Last Updated: February 25, 2021
Status
Market Status
Available
Last Updated
February 25, 2021
Description
Property Type
Multi Family
Year Built
1973
Stories
1

Building Features

  • Heating System: Forced Air Heat
  • Roof: Composition Roof

Location

  • MLS Area: 92075 - Solana Beach

Lot Features

  • Fence: Partially Fenced
$$$

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. (CRMLS) and is protected by all applicable Copyright 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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More information about this $2,500,000 Multi Family at 718 724 STEVENS AVENUE

This $2,500,000 Multi Family at 718 724 STEVENS AVENUE in Solana Beach, CA is presented by Mark Bobo and has been on the market for 162 days. This $2,500,000 Multi Family, located in the 92075 zip code, has the following property features: Fence, MLS Area, Heating System, Roof. This 718 724 STEVENS AVENUE Multi Family, located in San Diego County , is listed under MLS listing number 200037098 and has a listing price of $2,500,000. You can find more Solana Beach homes for sale here.