$5,998,000 $32,199 est/mo Sourced by Back At You

3874 Riviera Dr.,San Diego, CA 92109

San Diego CA, 92109

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Description

REFRESHED AND IMPROVED! Incredible once-in-a-lifetime opportunity to acquire a six-unit trophy property directly on the sand in Sail Bay. The property exudes the pride of ownership, meticulously maintained over the last 18 years. The main unit boasts water views from every main living area, tons of natural light, 4 bedrooms and 2.5 bathrooms. Plenty of entertainment space with multiple balconies, patio, grass space, 3 living rooms/ family rooms and direct sand access to enjoy water activities. This one-of-a-kind property also includes (1) 2 bed/2.5 bath and (4) 1 bed/1 bath units, currently rented below market value rents. There is potential to increase the NOI by bringing all rents to market rates. The main 4 bed/2.5 bath unit is an extremely successful vacation rental, continuously booked year-round. Additional income from the laundry machines on the property. Each unit is individually metered for electricity, with a new roof installed in 2021. This property has been self-managed for the last 18 years by the current owners, ensuring exceptional care. This rare offering presents a unique opportunity to add a highly sought-after asset to your commercial real estate portfolio. Don't miss out on this chance to acquire a well-maintained property in a prime location.

Details

MLS#240009671SD
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Days On Site19
Listing Provided ByeXp Realty of Southern California, Inc. 888-294-1415 | Jim McInerney

Features

Units6
Building(s)1

Market Activity 92109

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountySan Diego
CitySan Diego
Zip Code92109
Area92109 Pacific Beach
Listing VS Median (in 92109)
Price:
$5,998,000
low | high
Med:
$1,312,000
100% of Average
On Site:
19
low | high
Med:
33.500000
56.716417910448% of Average
Sourced by Back At You
Listing Updated: May 19, 2024 at 7:25:14 AM PDT