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701 Valley Ave, Solana Beach, California 92075, Solana Beach, 92075 - 3 bed, 1 bath

701 Valley Ave, Solana Beach, California 92075 home-pic-0
ACTIVE$2,500,000
701 Valley Ave, Solana Beach, California 92075
3Beds
1Bath
1,026Sqft
Lot
Year Built
1954
Close
-
List price
$2.5M
Original List price
$2.75M
Price/Sqft
$2,437
HOA
-
Days on market
-
Sold On
-
MLS number
250029411SD
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 8% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.50M(42th), sqft - 1026(6th), beds - 3(47th), baths - 1(6th).

701 Valley Ave is a best-in-class development opportunity in the heart of Solana Beach, California one of Southern Californias most coveted coastal communities. The property can be developed as a private residence (current use) with an adu/jr adu, or its fully entitled approved plans for a three-story, 6,290 square foot project that includes: -2,750 SF of professional or medical office space -Three residential units-One 3-Bedroom unit measuring 1,377 SF and two 739 SF Studio units. Situated west of Interstate 5, the Property offers an unmatched lifestyle experience, with immediate access to the beaches, top-rated schools, the Del Mar Fairgrounds, and the vibrant Cedros Design District known for its unique mix of shops, dining, and entertainment.

Price History

Date
Event
Price
10/24/25
Price Change
$2,500,000
06/03/25
Listing
$2,750,000
Condition Rating
Poor
Built in 1954, this property shows significant signs of age and inconsistent, low-budget updates. The kitchen features unfinished plywood cabinetry, which is a major detractor, alongside a stainless steel refrigerator. The bathroom has a recently painted vanity and rustic mirror but retains dated floor tiles. The living area has dark hardwood floors but relies on a window AC unit, indicating a lack of central cooling. Overall, the property requires substantial rehabilitation and modernization to meet current living standards, aligning with its description as a 'development opportunity' rather than a move-in ready home.
Pros & Cons

Pros

Prime Development Opportunity: The property comes with fully entitled and approved plans for a three-story, 6,290 square foot mixed-use project, including professional/medical office space and three residential units, offering significant value-add potential.
Exceptional Coastal Location: Situated in Solana Beach, one of Southern California's most coveted coastal communities, ensuring high demand and a premium lifestyle.
Versatile Use Potential: Offers flexibility for development as a private residence with an ADU/JADU or proceeding with the approved mixed-use plans, appealing to a broad range of investors and developers.
Immediate Access to Amenities: Located west of Interstate 5 with immediate access to beaches, top-rated schools, the Del Mar Fairgrounds, and the vibrant Cedros Design District, enhancing desirability and future value.
Strategic West of I-5 Location: Being positioned west of Interstate 5 in Solana Beach is a highly sought-after and premium location, often associated with higher property values and superior access to coastal attractions.

Cons

Age and Condition of Existing Structure: Built in 1954, the current 1026 sq ft, 3-bed, 1-bath residence is likely outdated and small, implying that the primary value is in the land and development potential, requiring significant investment for renovation or demolition.
High Entry Price for Development: The $2.5 million list price is substantial, primarily reflecting the land and approved development plans, necessitating a significant capital outlay for demolition and construction, which may narrow the buyer pool to experienced developers.
Project Management Complexity: Realizing the full potential of the approved mixed-use project involves considerable project management, regulatory compliance, and construction risks, which can be a barrier for less experienced investors.

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