701 Valley Ave, Solana Beach, California 92075, Solana Beach, 92075 - 3 bed, 2 bath
Loading property details...
Solana Beach, California 92075
This Prime Coastal Development Asset is listed at $2,499,900, aligning with its $2,494,236 Fair Market Value. While the 1954 structure carries a Fair Condition Rating, the value is anchored by Fully Entitled Approved Plans for a 6,290 sq ft mixed-use project. The site features a Distant Ocean View and a high-utilization 9,332 sq ft Lot west of I-5. Located near Top-Rated Schools and the Cedros Design District, this de-risked project offers substantial ROI potential. It is a premier acquisition for Developers or Commercial Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 701 Valley Ave Subject | $2,499,900* List Price | 3 | 2 | 1,026 | $2,421 | - |
A 217 N Acacia Avenue Sold | $1,915,000 | 2 | 1 | 896 | $2,137 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1954, making it over 50 years old. While the interior images show recent cosmetic updates such as fresh paint, updated flooring (hardwood and patterned tile), and refreshed kitchen and bathroom elements (blue cabinets, open shelving, subway tile backsplash in kitchen; updated vanities and tile in bathrooms), these updates appear to be more superficial or budget-friendly rather than a comprehensive renovation. The kitchen's white tiled countertops, though clean, are an outdated feature. The listing description itself highlights the 'Age of Existing Structure' as a weakness, stating it 'likely requires demolition or extensive renovation' for its development potential. This indicates that while the current home is livable and maintained, its major components are aged, and it has not undergone a full, high-quality renovation within the last 15 years to meet modern standards. It is functional but shows signs of being outdated, fitting the 'Fair' category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9332, living area = 1026.
Situated in Solana Beach, one of Southern California's most coveted coastal communities, offering immediate access to beaches, top-rated schools, Del Mar Fairgrounds, and the vibrant Cedros Design District.
Marketed as a 'best-in-class development opportunity,' indicating significant potential for value creation through redevelopment.
The list price of nearly $2.5 million for a 1026 sq ft property represents a substantial upfront capital outlay, primarily for the land and development potential.
Built in 1954, the current structure is old and likely requires demolition or extensive renovation, adding to the overall development costs and project timeline.
While approved, developing a mixed-use project (commercial office and multiple residential units) can be more complex than a single-family home, requiring specialized expertise in construction and leasing.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 28% |
| Baths | 2.0 | 3.0 | 28% |
| Square foot | 1,026 | 2,496 | 4% |
| Lot Size | - | 11,200 | 4% |
| Price | $2.50M | $2.89M | 12% |
| Price per sq ft | $2.4K | $1.3K | 96% |
| Built year | 1954 | 1978 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 142 | 28% |
Feb 6, 2026
$2,499,900
Initial Listing
Jul 30, 2021
$1,600,000
Public Record