$2,500,000
$2,500,000
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215-17 N Granados Ave. Solana Beach, CA 92075
3 Beds
2 Baths
Key Details
Sold Price $2,500,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Solana Beach
MLS Listing ID 230011238
Sold Date 07/19/23
Bedrooms 3
Full Baths 2
Year Built 1950
Property Sub-Type Res Income 2-4 Units
Property Description
Stunning transformation of this Solana Beach ocean view duplex on desirable N. Granados west of I-5. Lower level Unit 215 boasts 2 BD/ 1BA + Bonus room/ approx. 1210 SF that lives like a single family residence. Completely remodeled down to the studs w/ all new electrical wiring and panel/ plumbing/ drywall/ windows/ lighting/ rear foundation stem wall/ opened up kitchen/ reconfigured bathroom/ mini-splits for heat and A/C/ and incredible ocean view deck w/ private yard off the rear of the home. Projected long term tenant rent at $5000/month +. The upper unit is a spacious 1 BD/ 1 BA/ 531 SF w/ new bathroom/ upgraded electric panel/ new wall heater/ fresh paint/ new appliances/ and a massive ocean view deck. Projected long term tenant rent at $3200/month. All work permitted and done to code per City of Solana Beach. Flexibility for owner occupied w/ income- crush it during race track season to guests that will pay top $, short term gross rental income projections of $171,448/ year based on 66% occupancy which is very conservative, or long term rental income projections of $98,400/ year. 1031 exchange buyers will be grateful to park their money in this desirable beach community with ferocious rental demand and lucrative long term returns. 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, Pillbox, salons and spas, art galleries, cafes and restaurants, fashion and jewelry boutiques, and so much more!
Location
State CA
County San Diego
Area Coastal North
Direction From I-5 exit Lomas Santa Fe, head west, turn right on N. Granados, duplex is on L side
Interior
Cooling Wall/Window, Other/Remarks
Fireplaces Number 1
Fireplace No
Exterior
Fence Partial
Utilities Available Sewer Connected
View Y/N Yes
Water Access Desc Meter on Property
View Ocean, Panoramic, Panoramic Ocean, Other/Remarks
Roof Type Composition
Building
Story 2
Water Meter on Property
Level or Stories 2
Schools
School District San Dieguito High School Distric
Others
Senior Community No
Acceptable Financing Cash, Conventional, Exchange, VA
Listing Terms Cash, Conventional, Exchange, VA
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Bought with Aurora Villanueva Alta Realty Group CA, Inc.






