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Property for sale: 3449 Ocean Front Walk in San Diego

3449 Ocean Front Walk San Diego

Main Photo: Property for sale: 3449 Ocean Front Walk in San Diego
$13,200,000 /2200000.0
Prop. Type:
Com-Res Income
MLS® Num:
250032138
Status:
Active
Year Built:
1974
RARE TROPHY ASSET—the only 6-unit, 4-story oceanfront building in Mission Beach with no HOA and white papers in hand for a condo map. Six identical 2 BR / 2 BA ~1,100 SF residences span an irreplaceable 30 FT-wide lot, crowned by the ONLY true 4th-floor penthouses in MB—soaring above the 30-ft height cap for panoramic surf-to-skyline views AND the bay! From studs out, the property underwent a $2 M+ fully permitted rebuild (2023): new roof, plumbing, electrical, HVAC, structural beams and framing, impact windows, glass sliding doors, smooth stucco, designer kitchens, spa baths, Euro-oak floors, and glass balcony railings that vanish into the horizon. Garage yields 8 on-site parking spaces (All single no tandem) plus shared oceanfront patio directly on the boardwalk AND each unit has its own oceanfront balcony + back balcony facing the bay. Operational flexibility & upside: • Vacation-rent all 4 upper units for maximum cash flow—pro formas exceed $760 K GSI. • Maintain existing two long-term leases in 2nd-floor units to preserve Tier-2 STR permits, while operating the top four as premium short-term rentals. • Sell-off strategy: activate the condo map and disposition units individually in a high-velocity market hungry for turnkey new build oceanfront condos. No HOA dues, no deferred maintenance, and no comparable site left to build. Whether held as a legacy multi-family asset, operated as a boutique luxury rental stack, or condo sales for immediate profits, 3449 Ocean Front Walk offers a once-in-a-generation chance to control the trophy of Mission Beach.
Price Per Unit:
2200000.0
Total Floor Area:
Switch units of measure4,488 sq. ft.
Lot Size:
Switch units of measure4,356 sq. ft.
County:
San Diego
Market Area:
Coastal South
Number of Buildings:
1
Number of Units:
6
Num Stories:
3
Year Built:
1974
Gross Multiplier:
17.35
Gross scheduled income:
761014.0
Operating expense:
300000
Projected Cap Rate.:
3.49
Projected operating expense:
300000
Gross equity:
13200000
Motive / Want:
Non disclosed
Present Loan:
0
Head west on Grand Ave , Left on Mission Blvd (south). Right on Lido Ct then left on strand way building on right
Short Sale:
No
Listing Type:
Exclusive Right (R)
Zoning:
R-4:MULTIP
Parcel Number:
423-624-01-00
Number of Units in Unit 1:
6
Unit 1 Furnished:
4
Bedrooms for Unit 1:
12
Bathroom 1:
12.0
Listed by Fantastik Realty
Data was last updated July 2, 2025 at 11:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty

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