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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8,184 Sqft Lot
SOLD DATE : 09/24/2024

Key Details

Sold Price $5,930,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Pacific Beach

MLS Listing ID 240012105SD

Sold Date 09/24/24

HOA Y/N No

Year Built 1970

Lot Size 8,184 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

Area 92109 - Pacific Beach

Building/Complex Name Sail Bay

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Exterior

View Y/N Yes

View Bay, Ocean

Roof Type Composition

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 4234100700

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

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California Regional MLS (CRMLS)
Listed by Jim McInerney • eXp Realty of Southern California, Inc.
Bought with Voltaire Lepe • eXp Realty of California, Inc.

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Adrian Castillo

+1(209) 380-7597

Principal/Realtor | CA DRE#01308935

Principal/Realtor CA DRE#01308935

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