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Listing provided by: Jim Mcinerney, eXp Realty of Southern California, Inc.
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3874-80 Riviera Dr
San Diego, CA 92109
$5,930,000
Sold
Overview See It Details Location
Overview
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. ...
8 Beds
6 Full, 2 Partial Baths
0 ft2
0 ft2
Details
General
Stories
Bedrooms
8
Bathrooms
6 full, 2 partial
Square footage
0 sq. ft.
Lot size
0 sq. ft.
Pool
No
Year built
1970
Other
Type
Condo / Apart
Listing information
MLS #
240012105
APN
4234100700
Listing provided by
Jim Mcinerney, eXp Realty of Southern California, Inc.
Attribution Contact
+18584809945
Status
Sold
Location
Neighborhood
Sail Bay
County
San Diego
3874-80 Riviera Dr, San Diego, CA 92109
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