3874 80 Riviera, San Diego

$5,998,000

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8 Beds
8 Baths
.19 Acre
0 Garage

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.

Essential Information

MLS® #
240007371SD
Price
$5,998,000
Bedrooms
8
Bathrooms
8.00
Acres
0.19
Year Built
1970
Type
Residential Income
Status
Active

Community Information

Address
3874 80 Riviera
Area
92109 - Pacific Beach
Subdivision
Pacific Beach
City
San Diego
County
San Diego
Zip Code
92109
Senior Community
N

Amenities

View
Bay, Ocean

Interior

Heating
Forced Air, Natural Gas
Cooling
Central Air
# of Stories
2
Stories
Two

Exterior

Roof
Composition

Additional Information

Date Listed
April 5th, 2024
Days on Market
37

Listing Details

Agent
Jim Mcinerney

Office

eXp Realty of Southern California, Inc.

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Based on information from California Regional Multiple Listing Service, Inc. as of May 12th, 2024 at 1:35am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.