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PACIFIC BEACH Property for sale: 3874-80 Riviera in San Diego

3874-80 Riviera San Diego PACIFIC BEACH

Main Photo: PACIFIC BEACH Property for sale: 3874-80 Riviera in San Diego
$5,998,000
Prop. Type:
2-4 Units
MLS® Num:
240007371
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.
Total Floor Area:
Switch units of measure8,187 sq. ft.
Lot Size:
7,500-10,889 SF
Number of Buildings:
1
Number of Units:
6
Year Built:
1970
Stories:
2 Story
Total Stories:
2
Market Area:
Coastal South
Community:
PACIFIC BEACH
County:
San Diego
Neighborhood Code:
Sail Bay
Name of Complex/Subdivision:
Sail Bay
Home Owner Fees Include:
N/K
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Electricity
Other income:
0
Annual expense actual:
0
Cap Rate.:
2.73
Projected Cap Rate.:
4.9
Gross Rent Multiplier:
17.86
Gross scheduled income:
352416
Projected gross scheduled income:
508176
Bedrooms for Unit 1:
4
Number of bathrooms for Unit 1:
3
Full Bathrooms for Unit 1:
2
Half Bathrooms for Unit 1:
1
Deposit for Unit 1:
0.0
Total Rent for Unit 1:
17788.0
Unit 1 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 1:
Yes
Bedrooms for Unit 2:
2
Number of bathrooms for Unit 2:
3
Full Bathrooms for Unit 2:
2
Half Bathrooms for Unit 2:
1
Deposit for Unit 2:
4196.0
Total Rent for Unit 2:
4195.0
Unit 2 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 2:
No
Bedrooms for Unit 3:
1
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
2190.0
Total Rent for Unit 3:
2190.0
Unit 3 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 3:
No
Bedrooms for Unit 4:
1
Number of bathrooms for Unit 4:
1
Full Bathrooms for Unit 4:
1
Half Bathrooms for Unit 4:
0
Deposit for Unit 4:
2190.0
Total Rent for Unit 4:
2190.0
Unit 4 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 4:
No
La Playa
Complex Features:
Laundry Facilities
Exposure Front:
Bay, Ocean/Sand
Exterior Features:
Stone
View:
Bay, Ocean/Bay
Directions:
Use GPS
Cooling:
Central Forced Air
Heating:
Forced Air Unit
Heating fuel:
Natural Gas
Additional Use:
N/K
Number of Units with Cooling:
1
Number of Units with Dishwashers:
2
Number of Units with Dryers:
1
Number of Units with Fireplaces:
1
Number of Furnished Units:
1
Number of Units with Garages:
0
Number of Units with Patios:
2
Number of Units with Range/Oven:
6
Number of Units with Refrigerators:
6
Number of Units with Washers:
1
Roof:
Composition
Sewer Septic:
Sewer Connected
Water supply:
Meter on Property
Security:
N/K
Fencing:
Gate
Topography:
Level
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Conventional, Exchange
Parcel Number:
423-410-07-00
Listed by eXp Realty of Southern California, Inc.
Data was last updated May 14, 2024 at 01:10 PM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego Multiple Listing Service, Inc.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego Multiple Listing Service, Inc.