3874-80 Riviera

Pacific Beach, CA, 92109

$6,295,000

$1,104 per ft²
$6,295,000
$1,104 per ft²
Active
Active
 - For Sale
beds
9 Beds
carpenters-square
5,700 ft²
property_type
Other
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.
MLS® ID:
230004686
Listed:
3/12/23
Updated:
3/26/23

Interior Features

Kitchen Appliances
Dishwasher, Range, Refrigerator, Disposal
Total Bedrooms
9
Total Bathrooms
0
Laundry Description
Owned
Floor Description
Hardwood, Tile, Vinyl, Other
Cooling
Other
Heating
Central Forced Air Gas, Wall Furnace

Exterior/Building Features

Exterior Features
None
Roof
Composition

Other Property Details

Area Name
Coastal South
Association Amenities
None
Garage
No
Parking
Carport
Parking Total
9.0
View
N
County
San Diego
Pool
No
Total Stories
2
Buyer Agency Compensation
2.5

Courtesy of Compass, Jim McInerney,
Listing Contact: 858-480-9945 

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Data last updated 6:41 AM UTC, 3/26/23

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