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Nicolas Romo
Direct Office:
800-659-4610
sellingcasas@gmail.com

DRE# 01787685
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Nicolas Romo
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Direct Office:
800-659-4610
sellingcasas@
gmail.com

DRE# 01787685
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3874 Riviera Dr.,  San Diego CA, 92109

(Active)
$5,998,000
|
|
MLS# 240009671SD
Last Updated: 5/18/2024 3:43 AM
Description for 3874 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.
Price
$5,998,000
San Diego
240009671SD
Active
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.
Listing Information
Property Type: Mixed Use, Business Opportunities, Other
Stone
1 Total
Neighborhood
Room Information
Interior Features
Other, Forced Air
Exterior / Lot Features
0 Covered Parking Spaces,
Stone
Driving Directions
Use GPS
Financial Considerations
4234100700
Listing Price History

San Diego Real Estate

San Diego is located in California. San Diego, California 92109 has a population of 1,401,996.

The median household income in San Diego, California 92109 is $89,520. The median household income for the surrounding county is $83,628 compared to the national median of $66,222. The median age of people living in San Diego 92109 is 38 years.

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Listing Agent: Jim McInerney CalDRE: 01334502 - eXp Realty of Southern California, Inc.
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This content last refreshed on 5/18/2024 3:43 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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