Solana Beach, CA 92075,215-17 N Granados Ave.
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Solana Beach, CA 92075,215-17 N Granados Ave.
Solana Beach, CA 92075,215-17 N Granados Ave.
Solana Beach, CA 92075,215-17 N Granados Ave.
Solana Beach, CA 92075,215-17 N Granados Ave.

$2,500,000

Est. payment /mo

$2,500,000

Est.Price: ?

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215-17 N Granados Ave. Solana Beach, CA 92075

3 Beds

2 Baths

SOLD DATE : 07/19/2023

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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MLS Router / San Diego MLS
Listed by Darin Triolo Keller Williams Realty
Bought with Aurora Villanueva Alta Realty Group CA, Inc.
Glen Henderson

Glen Henderson

Broker Associate | License ID: 01384181

+1(619) 500-3222

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