San Diego, CA 92109,3874-80 Riviera Dr
San Diego, CA 92109,3874-80 Riviera Dr
San Diego, CA 92109,3874-80 Riviera Dr
San Diego, CA 92109,3874-80 Riviera Dr
San Diego, CA 92109,3874-80 Riviera Dr
San Diego, CA 92109,3874-80 Riviera Dr
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$5,930,000

$5,998,000

1.1%
Est.Price: ?

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Est. payment /mo

8 Beds

8 Baths

8,187 Sqft Lot


SOLD DATE : 09/24/2024

Key Details

Sold Price $5,930,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

Subdivision Pacific Beach

MLS Listing ID 240012105

Sold Date 09/24/24

Bedrooms 8

Full Baths 6

Half Baths 2

HOA Y/N No

Year Built 1970

Lot Size 8,187 Sqft

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. $347,857 gross in 2023! Projected gross profit over 500k! 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.

Location

State CA

County San Diego

Community Pacific Beach

Area Pacific Beach (92109)

Building/Complex Name Sail Bay

Interior

Heating Natural Gas

Cooling Central Forced Air

Fireplaces Number 1

Appliance Forced Air Unit

Exterior

Exterior Feature Stone

Fence Gate

Community Features Laundry Facilities

Complex Features Laundry Facilities

View Bay, Ocean

Roof Type Composition

Building

Story 2

Lot Size Range 7500-10889 SF

Sewer Sewer Connected

Water Meter on Property

Level or Stories 2 Story

Others

Acceptable Financing Cash, Conventional, Exchange

Space Rent $17,788

Listing Terms Cash, Conventional, Exchange

Financing Conventional

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San Diego Regional MLS (SDMLS)
Listed by Jim McInerney • eXp Realty of Southern California, Inc.
Bought with Voltaire Lepe • eXp Realty of California, Inc.
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401 W A St, San Diego, CA, 92101, USA

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