3874-80 Riviera, Pacific Beach/Mission Beach, CA 92109

$5,998,000
List Price
$5,998,000
Days on Market
51
Status
ACTIVE
MLS#
240007371
Lot Size(Range)
7,500-10,889 SF
Lot Size(apprx.)
8,187
City
Pacific Beach/Mission Beach
Neighborhood
Sail Bay
Complex/Building Name
Sail Bay
Property Type
Multifamily
Year Built
1970

Property 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.

Additional Information

Building Name
Sail Bay
Lot Size
8,187
Lot Size Range
7,500-10,889 SF
Neighborhood
Sail Bay
Stories
2 Story
Style
Res Income 2-4 Units
Year Built
1970

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Jim McInerney (858-480-9945) from Listing Office: eXp Realty of Southern California, Inc..

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