718 Stevens Avenue

Solana Beach, CA 92075 View Map $2,500,000 Schedule a Tour
Beds8
Baths6
Sq.Ft.15,012
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Status: Active
Listing Office:Tiger/Bobo Real Esate Company
Property Type:Res Income 2-4 Units
MLS #:302678217
Sq. Feet:15,012
On Site:159 Days
County:San Diego
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!

Mortgage Calculator

$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
11/9/2020$2,550,000$2,500,000-2%

Community Information

Address:718 Stevens Avenue Solana Beach, CA 92075
County:San Diego
Subdivision:Eden Gardens
Zip Code:92075

Architecture

Bedrooms: 8
Bathrooms: 6
Stories:1
Exterior: Stone
Total Stories: 1
Unit 1: 2 beds, 1 bath. Rent: $2030.0
Unit 2: 2 beds, 1 bath. Rent: $2250.0
Unit 3: 2 beds, 2 baths. Rent: $2295.0
Unit 4: 2 beds, 2 baths. Rent: $2295.0
Roof: Composition

Features / Amenities

Total Sq. Ft.:15012
Heating: Forced Air Unit
Heat Source: Natural Gas
Water Heater: Gas

Rooms

Dimensions
Master
Bedroom 2
Bedroom 3
Bedroom 4
Bedroom 5
Breakfast Area
Dining Room
Kitchen
Living Room
Family Room
Extra Room 1
Extra Room 2
Extra Room 3

Property Features

Irrigation: Automatic, Drip
Fencing: Partial
Directions:Exit off I-5 at Lomas Santa Fe. Go west. At Stevens Avenue turn left. Proceed 1 mile or so. Units on south side La Colonial Park

Tax and Financial Info

Gross Sched Income Actual: $123, 060
Annual Expense Actual: $37, 925
Terms: Conventional, Exchange

Schools

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718 Stevens Avenue Solana Beach, CA 92075
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718 Stevens Avenue Solana Beach, CA 92075
 
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