Property Details
About this Property
REFRESHED AND IMPROVED! Incredible once-in-a-lifetime opportunity to acquire a six-unit trophy property directly on the sand in Sail Bay. $347,857 gross in 2023! Projected gross profit over 500k! 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 p
MLS Listing Information
MLS #
SD240012105
MLS Source
San Diego MLS
Interior Features
Laundry
Community Facility
Cooling
Central Forced Air
Heating
Forced Air, Gas - Natural
Exterior Features
Roof
Composition
Contact Information
Listing Agent
Jim McInerney
eXp Realty of Southern California, Inc.
License #: 01334502
Phone: (858) 480-9945
Co-Listing Agent
Cade Silva
eXp Realty of Southern California, Inc.
License #: 02008551
Phone: (858) 210-5206
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 6 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | – | 4 | 2/1 | – |
| 2 | – | 2 | 2/1 | $4,195 |
| 3 | – | 1 | 1/0 | $2,190 |
| 4 | – | 1 | 1/0 | $2,190 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
3874-80 Riviera Dr is a Residential Income in San Diego, CA 92109. This – square foot property sits on a 8,187 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,930,000 and was built in 1970. This address can also be written as 3874-80 Riviera Dr, San Diego, CA 92109.
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This listing information is up-to-date as of October 01, 2024. For the most current information, please contact Jim McInerney, (858) 480-9945
