$5,998,000
Units: 6
15 Days On Market

Courtesy of eXp Realty of Southern California, Inc..

Property Type: Com-res Income
Status: Active
Neighborhood: Ca
Days On Website: 15

Property Details for 3874-80 Riviera Dr., San Diego, CA 92109

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.

Unit One

  • 2 bathrooms
  • Individual rent: $17,788
  • 1
  • 4 bedrooms

Bedrooms

  • 1 bedroom

Building

  • 1970 years old
  • 2 stories
  • Stone
  • 2 Story

Cooling

  • Central Forced Air Gas

Heating

  • Central Forced Air Gas

Listing

  • Source: SDMLS
  • For Sale
  • 11 days on market
  • Listing date: 2024-05-02

Location

  • County: San Diego

Unit Two

  • Individual rent: $4,195
  • 2 bathrooms
  • 1 unit of this type
  • 2 bedrooms

Unit Three

  • Individual rent: $1,996
  • Total rent: $1,996
  • 1 bathroom
  • 1 unit of this type
  • 1 bedroom

Unit Four

  • Individual rent: $2,299
  • Total rent: $2,299
  • 1 bathroom
  • 1 bedroom
  • 1 unit of this type

Unit Five

  • Individual rent: $2,410
  • Total rent: $2,410
  • 1 bathroom
  • 1 bedroom
  • 1 unit of this type

Unit Six

  • Individual rent: $3,095
  • Total rent: $3,095
  • 1 bathroom
  • 1 bedroom
  • 1 unit of this type

Map View


$5,998,000 - 3874-80 Riviera Dr., San Diego, CA 92109

Street View


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3874-80 Riviera Dr.
San Diego, CA 92109
County: San Diego