726-732 Stevens Avenue
Solana Beach, California CA 92075
Price: $2,150,000
Est. Monthly Payment: $9,233.33 See Details
ACTIVE Status, Bedrooms, 0 Full Baths
17,012 Square Feet, 0.390 Acres
Listing ID # 170025021

Property Description:

Excellent location for this 4 plex. Just 1/2 mile to the Del Mar Race Track and 1 mile to the beach in Del Mar. Units in back are townhouses and units in front are single level. All units have 2 bedroom / 2 car garages.All units are occupied.Excellent development potential with possible time share, condos, townhouses or detached houses. Check with city to know what can be built. Lot size is .34 acre. Property next door is also available. The address is 718-724 StevensThe zoning for this parcel is R-2 Minor Multiple. When checking at the city the lot size would allow up to 6 units that are attached. City also indicated more units are possible if you agree to construct low income units. Not sure about how many units would be allowed for detached homes. If you are looking for a more opportunity. The property contiguous is also for sale. It has .33 acre acre. The seller has formed an HOA to address the driveway being shared. These two parcels offer an excellent development opportunity. Being this close to the Del Mar Race Track and Del Mar Beach lend itself to possible time share or vacation rental units. Show your Architect the parcel maps and see what he recommends.
{"zipcode": "92075", "price": "2150000"}
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Primary Features

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

Additional

Age Restrictions: N/K
Assessors Parcel Number: 298-164-13-00
Community: SOLANA BEACH
Complex/Park: Beach Apartments
DOMLS: 94
Home Owner Association: Cattail Properties, Inc
Jurisdiction: Incorporated
Land Use Code: Deve
Limited Service: Yes
Miscellaneous: Other/Remarks
MT: 102
Number of Buildings: 2
Number of Units: 4
Number of Units With Garage: 4
Number of Units With Patios: 4
Number of Units With Range/Oven: 4
Number Units With Dishwashers: 4
Pets: Allowed w/Restrictions
Possession: Call Listing Agent
Sales Restrictions: N/K
Security: N/K
Sewer/Septic: Sewer Connected
Supplement: The zoning for this parcel is R-2 Minor Multiple. When checking at the city the lot size would allow up to 6 units that are attached. City also indicated more units are possible if you agree to construct low income units. Not sure about how many units would be allowed for detached homes. If you are looking for a more opportunity. The property contiguous is also for sale. It has .33 acre acre. The seller has formed an HOA to address the driveway being shared. These two parcels offer an excellent development opportunity. Being this close to the Del Mar Race Track and Del Mar Beach lend itself to possible time share or vacation rental units. Show your Architect the parcel maps and see what he recommends.
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: 726
Unit Number for Unit 2: 728
Unit Number for Unit 3: 730
Unit Number for Unit 4: 732
Water: Meter on Property

Financial Details

Annual Expense Actual: 22800
Cap Rate Actual: 0.04
Gross Rent Multiplier Actual: 20.03
Gross Scheduled Income Actual: 109800
Home Owner Fee Reflects: None Known
Home Owners Fee Includes: N/K
Home Owners Payment Freq.: N/K
Max Search Price: 2150000
Original Price: 2200000
Short Sale: No
Tenant Pays: Cable TV, Electricity, Gas/Propane
Unit 1 Deposit: 1500
Unit 1 Projected Rent: 2000
Unit 1 Rent Actual: 1650
Unit 2 Deposit: 1500
Unit 2 Projected Rent: 2000
Unit 2 Rent Actual: 1650
Unit 3 Deposit: 1500
Unit 3 Projected Rent: 2000
Unit 3 Rent Actual: 1900
Unit 4 Deposit: 1500
Unit 4 Projected Rent: 2000
Unit 4 Rent Actual: 1950
Value Range Pricing: n

External Features

Entry Only: Yes
Exterior Finish: Stucco
Fencing: Partial
Frontage: Other/Remarks
Frontage Dimensions in Feet: 80
Irrigation: Sprinklers
Lot Dimensions Approximate: 78x215
Lot Size: .25 to .5 AC
Parking for RV: Potential Space
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
Topography: Slope Gentle
Unit 1 Exclusive Use Yard: Yes
Unit 1 Parking Garage Space: 2
Unit 2 Exclusive Use Yard: Yes
Unit 2 Parking Garage Space: 2
Unit 3 Exclusive Use Yard: No
Unit 3 Parking Garage Space: 2
Unit 4 Exclusive Use Yard: No
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 of Half Baths: 1
Unit 1 Number Total Baths: 2
Unit 2 Estimated SqFt: 950
Unit 2 Number Bedrooms: 2
Unit 2 Number of Full Baths: 1
Unit 2 Number of Half Baths: 1
Unit 2 Number Total Baths: 2
Unit 3 Estimated SqFt: 900
Unit 3 Number Bedrooms: 2
Unit 3 Number of Full Baths: 1
Unit 3 Number Total Baths: 1
Unit 4 Estimated SqFt: 900
Unit 4 Number Bedrooms: 2
Unit 4 Number of Full Baths: 1
Unit 4 Number Total Baths: 1
Water Heater Type: Gas

Location Information

Cross Street(s): Via De La Valle
Full Address: 726-732 Stevens Avenue
Market Area: Coastal North
Neighborhood: Eden Gardens
School District: Solana Beach
Water District: CITY OF DEL MAR
Zip/Area: SOLANA BEACH (92075)

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Listing courtesy of Allison James Estates & Homes
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Contact - Listing ID 170025021

Maggie Clemens

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

Data services provided by IDX Broker
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