San Diego, CA 92109 3874-80 Riviera

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Presented By: eXp Realty of Southern California, Inc.;
  • MLS# 240007371
  • 04/05/2024
  • Request Tour
  • Request Info
  • BedBeds • 8
  • BathFull/Half Baths • 6 / 2

Home Details

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.
Presented By: eXp Realty of Southern California, Inc.;

Interior Features for 3874-80 Riviera

Bedrooms

Unit 1 # Bedrooms4
Unit 2 # Bedrooms2
Unit 3 # Bedrooms1
Unit 4 # Bedrooms1

Bathrooms

Unit 4 # of Full Baths1
Unit 3 # of Full Baths1
Unit 2 # of Full Baths2
Unit 1 # of Full Baths2
Unit 1 # Total Baths3
Unit 1 # of Half Baths1
Unit 2 # Total Baths3
Unit 3 # Total Baths1
Unit 3 # of Half Baths
Unit 4 # Total Baths1
Unit 4 # of Half Baths

Other Interior Features

Heat SourceNatural Gas
Unit 2 Laundry Hook UpsNo
Unit 4 Laundry Hook UpsNo
# of Units w/Dryers1
# of Units w/Fireplaces1
# of Units w/Garage0
# of Units w/Range/Oven6
# of Units w/Refrigerator6
# of Units w/Washers1
Unit 1 Laundry Hook UpsYes
Unit 3 Laundry Hook UpsNo
Total Furnished Units1
Units w/Cooling1
Units w/Dishwashers2

General for 3874-80 Riviera

CFD/Mello-Roos Fee0.0
Community Amenities PACIFIC BEACH
CoolingCentral Forced Air
Days on Market38
FeaturesLaundry Facilities
HeatingForced Air Unit
NeighborhoodSail Bay
Other Fees0.0
RoofComposition
Sale/RentFor Sale
SecurityN/K
Senior Community Y/NYes
Stories2 Story
TermsCash, Conventional, Exchange
TopographyLevel
Total Units6
ViewBay, Ocean
WaterMeter on Property
Year Built1970

Exterior for 3874-80 Riviera

# of Units w/Patios2
Complex/ParkSail Bay
ExteriorStone
FencingGate
FrontageBay, Ocean/Sand
Lot Size Area7, 500-10, 889 SF
Number of Buildings1
Sewer/SepticSewer Connected
Unit 1 Exclusive Use YardYes
Unit 2 # of Half Baths1
Unit 2 Exclusive Use YardNo
Unit 3 Exclusive Use YardNo
Unit 4 Exclusive Use YardNo

Additional Details

Price History

1527188455

First Team Client Services

Price $5,998,000
MLS#240007371
List Date 04/05/2024
Property Type Multi-Family
Phone 714.964.3311
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