Solana Beach
718 Stevens Avenue
Solana Beach, California, 92075 United States

Pacific Sotheby's International Realty
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Listing image

718 Stevens Avenue

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 g

Listing Courtesy of Tiger/Bobo Real Esate Company
 
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Amenities & Features

  • Listing Details
    • Property ID
      200037098
    • MLS#
      200037098
    • Property type
      Residential Income
    • Courtesy Of
      Listing Courtesy of Tiger/Bobo Real Esate Company
    • Status
      Contract Pending
    • Listing Price
      $2,500,000
    • County
      San Diego County
    • School District
      Solana Beach Elementary
  • Utilities & Building
    • Year Built
      1973
    • Lot Size Unit
      Acre(s)
    • Lot Size
      0.34