Address
718 STEVENS AVENUE Solana Beach, CA
Price
$ 2,500,000
Property Attributes
  • MLS#200037098
  • TypeMulti-Family
  • CountySAN DIEGO
  • CitySolana Beach
  • NeighborhoodEden Gardens
  • Zip92075
  • Style2-4 UNITS
  • Price$ 2,500,000
  • Bedrooms8
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
Tiger/Bobo Real Esate Company
Property Description

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!

Price History
8/4/2020 Listed $2,600,000
9/10/2020 2% - $2,550,000
11/10/2020 2% - $2,500,000

General Features

Cooling N/K
HOA Fee 0.0
Heating Forced Air Unit
Neighborhood Eden Gardens
Other Fees 0.0
Roof Composition
Sale/rent For Sale
Stories 1 Story
Terms Conventional, Exchange
Total Units 5

Interior Features

# Of Units W/range/oven 4
# Of Units W/washers 4
Heat Source Natural Gas
Unit 1 # Bedrooms 2
Unit 1 # Total Baths 1
Unit 2 # Bedrooms 2
Unit 2 # Total Baths 1
Unit 3 # Bedrooms 2
Unit 3 # Total Baths 2
Unit 4 # Bedrooms 2
Unit 4 # Total Baths 2
Water Heater Type Gas

Exterior Features

# Of Units W/patios 4
Complex/park Close to Del Mar Race Track
Exterior Stone
Fencing Partial
Irrigation Automatic, Drip
Number of Buildings 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92075

Price
AVG $2.39M
$2.5M
Visits
AVG 89
165
Walkscore
AVG 62
63
Data Provided by Walkscore ® not using MLS data

Areas We Cover