Incredible location for this Solana Beach ocean view duplex on coveted N. Granados west of I-5! High demand rental market almost guarantees rental income with little to no vacancy factor. Lower level Unit 215 lives like a single family with private yard/view deck/ 2BD/1BA+ huge bonus room currently being used as a 3rd bedroom and adjacent dining area. Upper unit 217 is a darling 1BD/1BA cottage-style beachy vibe with large ocean view deck. Huge upside in rents with improvements. Flexibility of use: long term tenancy/ short term/ combine into single family/ completely redevelop- the choice is yours! See supplement for more details!
Not a single Solana Beach multi-unit property on the market, except for this ocean view duplex on coveted N. Granados west of I-5. A short walk to Cedros Avenue, home to more than 85 distinctive retailers and shops resembling a European side-street. This iconic location features world-famous Belly-Up tavern, salons and spas, art galleries, cafes and restaurants, fashion and jewelry boutiques, and so much more! 1031 exchange buyers will be grateful to park their money in this desirable beach community with ferocious rental demand. Projected gross annual rental income is easily $76,000 without lifting a finger, AND there is excellent upside in rents for this property with additional improvements, or a mix of rental styles utilizing long term tenancy and short term. There is a separate laundry room on the property that is 12ft X 7ft and a detached 120 SF shed that could be outfitted as an additional rentable space for an office or storage area with the right improvements. The lower level Unit 215 truly lives like a single family home with 2 bedrooms, 1 bathroom, a spacious kitchen with plenty of storage, large living room, and a massive rear room that is currently being used as a master suite on one end and a large dining room on the other - approximately 1210 SF in size. Large seating deck off the rear and spacious yard perfect for gardening, relaxing, and playing. Recent 125 AMP electrical panel upgrade to Unit 215 and additional mini-split units for A/C and heat installed. Currently leased for $3695/month through September 2022. Unit 217 is a recently painted bungalow style approximately 531 SF in size with original hardwood floors in the bedroom, updated light fixtures, upgraded bathroom, eat-in kitchen and good-sized family room. This unit has a massive rear deck with panoramic ocean views and tons of space for entertaining or relaxing and enjoying those ocean breezes. This could be a great long term rental or short term rental option for the savvy investor. With absolutely no available multi-unit inventory in Solana Beach you will need to hurry on this one!