718-724 Stevens Avenue
Solana beach, California CA 92075
Price: $2,300,000
Est. Monthly Payment: $9,877.52 See Details
ACTIVE Status, Bedrooms, 0 Full Baths
17,012 Square Feet, 0.370 Acres
Listing ID # 170025020

Property Description:

Excellent location in Solana Beach. 1/2 mile to the Del Mar Race Track and 1 mile to the beach in Del Mar. Lot is over a 1/3 acre, with 17,102 sq/ft lot. There are 5 units, all are permitted. Excellent opportunity or potential to built time share, condo, townhouses or detached houses. Check with city to know building parameters. Open space feel with Park next door. Area being redevlpd. The property next (southside of driveway) door at 726-732 Stevens is also available for sale. It has 4 units.The fifth unit is 718 1/2. It is a 1 bedroom and 1 bath with 400 sq/ft. It rents for $1,495/month It is occupied. It is permitted. The condition of the units is 5-6 out of 10. 10 being the best. The zoning is R-2 Minor Multiple. When I checked with city of Solana Beach they indicated 6 (attached) units was the maximum that could be constructed on this lot size (0.37 acre). You can get a bonus if you agree to build low income units. Any buyer needs to get his/her own information concerning what can be built on this parcel. The seller will set up and provide any buyer with a HOA agreement outlining that the driveway is shared and its responsibility is shared.
{"zipcode": "92075", "price": "2300000"}
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Primary Features

County: San Diego
Property Type: 2-4 Units
Year Built: 1973
Zoning: R-2 Minor

Additional

Additional Property Use: ORMKS
Age Restrictions: N/K
Assessors Parcel Number: 298-164-10-00
Community: SOLANA BEACH
Complex Features: N/K
Complex/Park: Beach Apartments
DOMLS: 94
Home Owner Association: Cattail Properties, Inc
Land Use Code: Unkn
Limited Service: Yes
Miscellaneous: Value in Land, N/K
MT: 102
Number of Buildings: 2
Number of Units: 5
Number of Units With Garage: 4
Number of Units With Patios: 4
Number of Units With Range/Oven: 5
Number Units With Dishwashers: 4
Possession: Call Listing Agent
Sales Restrictions: N/K
Security: N/K
Sewer/Septic: Sewer Connected
Supplement: The fifth unit is 718 1/2. It is a 1 bedroom and 1 bath with 400 sq/ft. It rents for $1,495/month It is occupied. It is permitted. The condition of the units is 5-6 out of 10. 10 being the best. The zoning is R-2 Minor Multiple. When I checked with city of Solana Beach they indicated 6 (attached) units was the maximum that could be constructed on this lot size (0.37 acre). You can get a bonus if you agree to build low income units. Any buyer needs to get his/her own information concerning what can be built on this parcel. The seller will set up and provide any buyer with a HOA agreement outlining that the driveway is shared and its responsibility is shared.
Terms: Cash, Conventional, Exchange
Property Sub Type: Res Income 2-4 Units
Unit 1 Estimated SqFt: 950
Unit 1 Laundry Hook Ups: Yes
Unit 2 Laundry Hook Ups: Yes
Unit 3 Laundry Hook Ups: Yes
Unit 4 Laundry Hook Ups: Yes
Unit Number for Unit 1: 718
Unit Number for Unit 2: 720
Unit Number for Unit 3: 722
Unit Number for Unit 4: 724
Water: Meter on Property

Financial Details

Annual Expense Actual: 21800
Cap Rate Actual: 0.35
Gross Rent Multiplier Actual: 22.5
Gross Scheduled Income Actual: 102180
Home Owner Fee Reflects: None Known
Home Owners Fee Includes: N/K
Home Owners Payment Freq.: N/K
Max Search Price: 2300000
Original Price: 2300000
Other Fee Type: N/K
Short Sale: No
Tenant Pays: Cable TV, Electricity, Gas/Propane
Unit 1 Deposit: 1500
Unit 1 Projected Rent: 2000
Unit 1 Rent Actual: 1770
Unit 2 Deposit: 1500
Unit 2 Projected Rent: 2000
Unit 2 Rent Actual: 1950
Unit 3 Deposit: 1500
Unit 3 Projected Rent: 2000
Unit 3 Rent Actual: 1650
Unit 4 Deposit: 1500
Unit 4 Projected Rent: 2000
Unit 4 Rent Actual: 1650
Value Range Pricing: n

External Features

Entry Only: Yes
Exterior Finish: Stucco
Fencing: Partial
Frontage: Open Space, Other/Remarks
Frontage Dimensions in Feet: 80
Irrigation: Sprinklers
Lot Dimensions Approximate: 76x216
Lot Size: .25 to .5 AC
Parking for RV: None Known
Parking Garage Unit 1: Assigned, Detached
Parking Garage Unit 2: Assigned, Detached
Parking Garage Unit 3: Assigned, Detached
Parking Garage Unit 4: Assigned, Detached
Parking Non-Garage Unit 1: Uncovered
Parking Non-Garage Unit 2: Uncovered
Parking Non-Garage Unit 3: Uncovered
Parking Non-Garage Unit 4: Uncovered
Pool: N/K
Roof: Composition
Sign on Property: No
Site: West of I-5, Other/Remarks
Topography: Slope Gentle
Unit 1 Exclusive Use Yard: No
Unit 1 Parking Garage Space: 2
Unit 2 Exclusive Use Yard: No
Unit 2 Parking Garage Space: 2
Unit 3 Exclusive Use Yard: Yes
Unit 3 Parking Garage Space: 2
Unit 4 Exclusive Use Yard: Yes
Unit 4 Parking Garage Space: 2
View: Parklike

Interior Features

Cooling: N/K
Heat Equipment: Forced Air Unit
Heat Source: Natural Gas
Stories: 2 Story
Unit 1 Number Bedrooms: 2
Unit 1 Number of Full Baths: 1
Unit 1 Number Total Baths: 1
Unit 2 Estimated SqFt: 950
Unit 2 Number Bedrooms: 2
Unit 2 Number of Full Baths: 1
Unit 2 Number Total Baths: 1
Unit 3 Estimated SqFt: 1000
Unit 3 Number Bedrooms: 2
Unit 3 Number of Full Baths: 1
Unit 3 Number Total Baths: 1
Unit 4 Estimated SqFt: 1000
Unit 4 Number Bedrooms: 2
Unit 4 Number of Full Baths: 1
Unit 4 Number of Half Baths: 1
Unit 4 Number Total Baths: 2
Water Heater Type: Gas

Location Information

Cross Street(s): Via De Valle
Full Address: 718-724 Stevens Avenue
Market Area: Coastal North
Neighborhood: Eden Gardens
School District: Solana Beach
Water District: CITY OF DEL MAR
Zip/Area: SOLANA BEACH (92075)

Zoning Info


Area Info


Listing courtesy of Allison James Estates & Homes
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Contact - Listing ID 170025020

Maggie Clemens

4700 Spring St Ste 180
La Mesa, CA 91942
Phone: 6198001145

Data services provided by IDX Broker
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