San Diego, CA 92109,3874 Riviera Dr.
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San Diego, CA 92109,3874 Riviera Dr.
San Diego, CA 92109,3874 Riviera Dr.
San Diego, CA 92109,3874 Riviera Dr.
San Diego, CA 92109,3874 Riviera Dr.

$5,930,000

Est. payment /mo

$5,998,000

1.1%
Est.Price: ?

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3874 Riviera Dr. San Diego, CA 92109

SOLD DATE : 09/24/2024

Key Details

Sold Price $5,930,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 240009671SD

Sold Date 09/24/24

HOA Y/N No

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. 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

Interior

Heating Forced Air

Fireplace No

Others

Tax ID 4234100700

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

The Wilkas Group - Lenore & Alexander Wilkas

Real Estate Advisors | License ID: 01343201 & 01355442

+1(760) 407-2100

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