MLS# 240007371 - 3874-80 Riviera, San Diego, CA 92109
Courtesy of eXp Realty of Southern California, Inc..
Property Type:
Res Income 2-4 Units
Status:
Active
Neighborhood:
Ca
Days On Website:
43
Property Details for 3874-80 Riviera, San Diego, CA 92109
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.
Open House
Features
Appliances & Equipment
- 6 units with oven
- 6 units with refrigerator
- 2 units with dishwasher
Building
- 6 units
- Built in 1970
- 2 story
- 1 building
Community
- Laundry Facilities
Cooling
- 1 unit with cooling
- Central Forced Air
Exterior Features
- 2 units with patio
- Stone
Fireplaces
- 1 unit with fireplace
Water Features
- Meter on Property
Heating
- Forced Air Unit
- Natural Gas
Interior Features
- 1 furnished unit
Laundry
- 1 unit with dryer
- 1 unit with washer
Listing
- Source: SDMLS
- Listing date: 2024-04-05
- 38 days on market
- For Sale
Location
- County: San Diego
- Complex/park: Sail Bay
- Community: Pacific Beach
Lot
- Approximately 8,187 lot square feet
- 7,500-10,889 SF
Fence
- Gate
Unit One
- Actual Rent: $17,788
- 4 bedrooms
- 3 total bathrooms
- 2 full bathrooms
- 1 half bathroom
- Laundry hookups: Yes
- Exclusive-use yard
- Occupancy: Tenant
Unit Two
- Actual Rent: $4,195
- 2 bedrooms
- 3 total bathrooms
- 2 full bathrooms
- 1 half bathroom
- Laundry hookups: No
- Occupancy: Tenant
- Deposit: $4,196
Unit Three
- Actual Rent: $2,190
- 1 bedroom
- 1 total bathroom
- 1 full bathroom
- Laundry hookups: No
- Occupancy: Tenant
- Deposit: $2,190
Unit Four
- Actual Rent: $2,190
- 1 bedroom
- 1 total bathroom
- 1 full bathroom
- Laundry hookups: No
- Occupancy: Tenant
- Deposit: $2,190
Property
- View: Bay,Ocean
- Bay
- Ocean/Sand
- Level
Roof
- Composition
Sewer
- Sewer Connected
Property Map
Map View
$5,998,000 - 3874-80 Riviera, San Diego, CA 92109
Street View
Directions
3874-80 Riviera
San Diego, CA 92109
County: San Diego