3874-80 Riviera Drive

3874-80 Riviera Drive

San Diego, CA 92109

$6,295,000
Price
9
Beds
8
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Listed By Compass

Listed By Compass

a view of ocean view
a view of a lake with a terrace
a dining room with furniture window and wooden floor
a bedroom with a bed and a flat tv screen on the dresser
a living room with furniture and a floor to ceiling window
a living room with furniture and a window
a view of a chairs and table in the patio
a view of a lake with a terrace
a view of a balcony with chair and table
a kitchen with granite countertop a sink and a stove
a kitchen with stainless steel appliances granite countertop a sink a stove and a wooden cabinets
a kitchen with sink a window and chairs
a kitchen with stainless steel appliances granite countertop a sink a stove and a refrigerator
a living room with furniture kitchen view and a large window
a view of a chairs and table in a room
a view of a dining room with furniture and a floor to ceiling window
a living room with furniture and a floor to ceiling window
a living room with furniture
a bed room with a bed and a couch
a bathroom with a tub sink and mirror
a bathroom with a sink a toilet and shower
a living room with furniture and a open kitchen view
a bedroom with furniture and a flat screen tv
a bedroom with a bed and a large window
a view of a balcony with furniture and city view
a bedroom with a bed and a window
a bedroom with a bed and wooden floor
a bathroom with a sink double vanity and a mirror
a front view of a building with a street
a view of a house with backyard and sitting area
a view of a building with stairs and plants
a view of a building with a street
a view of a house with a garden
a view of a lake and a mountain
a view of tall buildings
a view of a balcony
a kitchen with stainless steel appliances granite countertop a refrigerator and a stove
a living room with furniture and a floor to ceiling window
a kitchen with a sink cabinets and appliances
a bedroom with a large bed and a dresser
a view of backyard with outdoor seating and potted plants
a living room with furniture and a fireplace
a view of sitting area in balcony with wooden floor
a view of a balcony with chairs and a table
a living room with furniture and a fireplace
a view of a ocean
a view of a lake with a city

Description

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...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.

Listing Agents

  1. Jim McInerney

    Jim McInerney

    Listing Agent

    Compass

    DRE #01334502

    CallTextEmail
  2. Cade Silva

    Cade Silva

    Alternative Listing Agent

    Compass

    DRE #02008551

    cade.silva@compass.com

    P: 858.210.5206

    CallTextEmail

Property Details for 3874-80 Riviera Drive

City Postal ID
PACIFIC BEACH (92109)

Location

Listing Courtesy of Compass, Jim McInerney, DRE #01334502; Compass, Cade Silva, DRE #02008551
Add your commute
LISTING UPDATED: 03/21/2023 06:51 PM

Property Details for 3874-80 Riviera Drive

StatusActive
MLS #230004686
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income
Year Built-
Lot Size0.19 AC / 8,187 SF
CountySan Diego County

Location

Listing Courtesy of Compass, Jim McInerney, DRE #01334502; Compass, Cade Silva, DRE #02008551
Add your commute

Building Information for 3874-80 Riviera Drive

Stories-Residences-Year Built-Building Size-Lot Size0.19 AC / 8,187 SF

Payment Calculator

$32,596 per month

30 year fixed, 6.73% Interest

Principal and Interest

$32,596

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3874-80 Riviera Drive

Summary Information
    Property and Location
  • System ID: 230004686
  • Class: COMMERCIAL-RES INCOME
  • Street Number Numeric: 3874.0
  • Street Name: Riviera
  • Market Area: Coastal South
Interior and Exterior Features
    Interior Features
  • Num of Units w/Dishwashers: 6
    Exterior Features
  • Exterior: None
  • Roof: Composition
Property Information
    Property and Assessments
  • Entry Only: No
  • Lot Size: .25 Acres or less
  • Assessors Parcel Num: 423-410-07-00
Multi Family Information
    Unit 1
  • Unit Furnished: n
  • Unit Rent: 17786
  • Unit Rent Total: $213,460
  • Unit 1 Number of Bedrooms: 4
  • Unit 1 Number of Bathrooms: 3
    Unit 2
  • Unit Furnished: N
  • Unit Rent: 3290
  • Unit Rent Total: $39,480
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Number of Bathrooms: 3
    Unit 3
  • Unit Furnished: n
  • Unit Rent: 1850
  • Unit Rent Total: $21,400
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Number of Bathrooms: 1
    Unit 4
  • Unit Furnished: n
  • Unit Rent: 2090
  • Unit Rent Total: $39,480
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Number of Bathrooms: 1
    Unit 5
  • Unit Furnished: n
  • Unit Rent: 2190
  • Unit Rent Total: $52,560
  • Unit 5 Number of Bedrooms: 1
  • Unit 5 Number of Bathrooms: 1
    Building Details
  • Age: 1970
  • Amenities: None
  • Construction: Drywall, Frame, Stucco
  • Floor Covering: Hardwood, Tile, Vinyl, Other/Remarks
  • Have: 6 units, 8 car parking
  • Motive/Want: Sell
  • Parking: Carports
  • SqFt of Improvement: 5,700
  • Tenant Pays Electric: y
  • Tenant Pays Gas: y
  • Tenant Pays Water: n

Property History for 3874-80 Riviera Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 3874-80 Riviera Drive

This home is within San Diego Unified School District.
RatingSchoolTypeGradesDistance
Crown Point Jr Music Academy
Public - K to 5
Pacific Beach Middle School
Public - 6 to 8
Mission Bay High School
Public - 9 to 12
Barnard Elementary School
Public - K to 6
RatingSchoolDistance
Crown Point Jr Music Academy
PublicK to 5

Pacific Beach Middle School
Public6 to 8

Mission Bay High School
Public9 to 12

Barnard Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3874-80 Riviera Drive, San Diego, CA 92109

3874-80 Riviera Drive is a multi-family home for sale in San Diego, CA 92109. This property was listed for sale on March 13, 2023 by Compass at $6,295,000. This listing's school district is San Diego Unified School District. Nearby schools include Crown Point Jr Music Academy, Pacific Beach Middle School and Mission Bay High School. 3874-80 Riviera Drive is a 9-bed, 8-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Jim McInerney, DRE #01334502; Compass, Cade Silva, DRE #02008551

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