San Diego, CA 92109,3874-80 Riviera Dr.
San Diego, CA 92109,3874-80 Riviera Dr.
San Diego, CA 92109,3874-80 Riviera Dr.
$5,930,000
Est. payment /mo
$5,998,000
1.1%
Est.Price: ?

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SOLD DATE : 09/24/2024

Key Details

Sold Price $5,930,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 240009671

Sold Date 09/24/24

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.

Location

State CA

County San Diego

Area Pacific Beach (92109)

Interior

Heating Central Forced Air Gas

Cooling Central Forced Air Gas

Building

Story 2

Others

Space Rent $347,857

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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Jim McInerney • eXp Realty of Southern California, Inc.
Bought with Voltaire Lepe • Lepe Tendwell Properties
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+1(858) 753-3353

kobezimmerman@bhhscal.com

Serving San Diego County, United States

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