NOT LISTED FOR SALE

724 Stevens Ave Solana Beach, CA 92075

8 Beds
6 Baths
-- Sq Ft
0.34 Acres

Last Sold April 27, 2021

Last sale price $2,450,000

227 Days on Market

Highlights

  • Park or Greenbelt View
  • Closed Circuit Camera
  • Forced Air Heating System
  • Skyline Elementary School Rated A
  • Detached Carport Space
  • 2-minute walk to La Colonia Park & Skatepark

About This Home

As of April 2021

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!

Last Agent to Sell the Property

Mark Bobo

Bobo Real Estate Company License #01004083 Listed on: 08/04/2020

Last Buyer's Agent

Christopher Parnell

HomeSmart Realty West License #01843304

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 0.34 Acre Lot
  • Partially Fenced Property
  • Level Lot
  • Drip System Landscaping
  • Sprinklers on Timer

Home Design

  • Composition Roof
  • Stone Siding

Interior Spaces

  • 1-Story Property
  • Park or Greenbelt Views
  • Closed Circuit Camera

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • Detached Carport Space
  • Parking Available

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2981641000

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Close to Del Mar Race Track

Building Details

  • Operating Expense $37,925

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Park Name: Close to Del Mar Race Track
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: Closed Circuit Camera(s)
  • Subdivision Name Other: Solana Beach
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 2981641000
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Appliances: Yes
  • Levels: One

Exterior Features

  • View: Park/Greenbelt
  • Fence: Yes
  • Fencing: Partial
  • Roof: Composition
  • Construction Materials: Stone

Garage/Parking

  • Parking: Yes
  • Parking Features: Detached Carport

Utilities

  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Forced Air, Natural Gas

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Gentle Sloping, Level, Sprinklers Drip System, Sprinklers Timer
  • Lot Size Sq Ft: 15012.00

Multi Family

  • Gross Multiplier: 23.06
  • Gross Scheduled Income: 123060.00
  • Lot Size Area: 15012.0000 Square Feet
  • Number Of Units Total: 5
  • Number With Dishwasher: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Total Expenses: 37925.00

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2021 04/27/21 Sold $2,450,000 -2.0% --
03/19/2021 03/19/21 Pending -- -- --
11/09/2020 11/09/20 Price Changed $2,500,000 -3.8% --
08/04/2020 08/04/20 For Sale $2,600,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 200037098

California Regional Multiple Listing Service (CRMLS)