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Property for sale: 3874-80 Riviera Dr. in San Diego

3874-80 Riviera Dr. San Diego

Main Photo: Property for sale: 3874-80 Riviera Dr. in San Diego
$5,998,000 /999667.0
Prop. Type:
Com-Res Income
MLS® Num:
240009671
Status:
Active
Year Built:
1970
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 Per Unit:
999667.0
County:
San Diego
Market Area:
Coastal South
Number of Buildings:
1
Number of Units:
6
Stories:
2 Story
Num Stories:
2
Year Built:
1970
Gross Multiplier:
0.0
Gross scheduled income:
347857.0
Operating expense:
0
Gross equity:
0
Motive / Want:
NA
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Listing Type:
Exclusive Right (R)
Cooling:
Central Forced Air Gas
Heating:
Central Forced Air Gas
Construction Material:
Stone
Number of Units with Garages:
0
Parcel Number:
423-410-07-00
Number of Units in Unit 1:
1
Bedrooms for Unit 1:
4
Bathroom 1:
2.5
Number of Units in Unit 2:
1
Bedrooms for Unit 2:
2
Bathroom 2:
2.5
Number of Units in Unit 3:
1
Total Rent for Unit 3:
1996.0
Bedrooms for Unit 3:
1
Bathroom 3:
1.0
Number of Units in Unit 4:
1
Total Rent for Unit 4:
2299.0
Bedrooms for Unit 4:
1
Bathroom 4:
1.0
Number of Units in Unit 5:
1
Total Rent for Unit 5:
2410.0
Bedrooms for Unit 5:
1
Bathroom 5:
1.0
Number of Units in Unit 6:
1
Total Rent for Unit 6:
3095.0
Bedrooms for Unit 6:
1
Bathroom 6:
1.0
Listed by eXp Realty of Southern California, Inc.
Data was last updated May 23, 2024 at 05:10 PM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty

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