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$5,998,000
0 Sqft

3874 Riviera Dr., San Diego, California 92109

  • Commercial Sale Property Type
  • 42 Days Time on market
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.

Basic Details
Commercial Sale
Buy
240009671SD
$5,998,000
0 Sqft
Active
Mixed Use
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: Forced Air
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Address
CA
San Diego
San Diego
92109
3874 Riviera Dr.
3874
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Additional Information
42
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4234100700
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02/05/2024 18:34:25
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eXp Realty of Southern California, Inc.
Jim McInerney
SAND-992198
SAND-628115
$0
: Stone
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1
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6
US-06073-N-4234100700-R-N
MixedUse
13/05/2024 19:53:57
Riviera Dr.
92109 - Pacific Beach
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