3874-80 Riviera Drive
3874-80 Riviera Drive
$5,998,000
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8
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Description
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...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.
- Listed by Jim McInerney • DRE #01334502 • Brokerage DRE #02187306 • eXp Realty of Southern California, Inc.
- Listed by Cade J Silva • DRE #02008551 • Brokerage DRE #02187306 • eXp Realty of Southern California, Inc.
Property Details for 3874-80 Riviera Drive
Area
Pacific Beach (92109)
NeighborhoodSail Bay
CommunityPACIFIC BEACH
View DescriptionBay, Ocean
City Postal IDPACIFIC BEACH (92109)
Cross Street(s)La Playa
Location
LISTING UPDATED: 04/29/2024 11:02 AM
Property Details for 3874-80 Riviera Drive
Status | Active |
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MLS # | 240007371 |
Days on Market | 24 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1970 |
Lot Size | 0.19 AC / 8,187 SF |
County | San Diego County |
Location
Building Information for 3874-80 Riviera Drive
Stories2Residences-Year Built1970Building Size-Lot Size0.19 AC / 8,187 SF
Payment Calculator
$32,734 per month
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Property Information for 3874-80 Riviera Drive
Property History for 3874-80 Riviera Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 6 |
Rating | School | Distance |
---|---|---|
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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