Active

3874-80 Riviera Dr.

Pacific Beach CA, 92109

$5,998,000


Active

10 Beds

Commercial

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.

240009671

MLS ID

May 3, 2024

Listed

May 13, 2024

Updated

Map

3874-80 Riviera Dr.
Pacific Beach CA, 92109

Interior Features

Total Stories

2


Bedrooms

10


Fireplace

No


Cooling

Yes


Cooling Description

Gas


Heating

Yes


Heating Description

Central Forced Air Gas

Exterior/Building Features

Other Property Details

Area Name

Coastal South


Days on Market

11


Garage

No


View

No


County

San Diego


Pool

No


Buyer Agency Compensation

2.5%

Listed by eXp Realty of Southern California, Inc., Jim McInerney,
Listing Contact: 858-480-9945 

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Data last updated 10:23 PM UTC, 5/13/2024

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