3874 Riviera San Diego CA 92109 ACTIVE
MLS# 240007371SD photo #1 MLS# 240007371SD photo #2 MLS# 240007371SD photo #3 MLS# 240007371SD photo #4 MLS# 240007371SD photo #5 MLS# 240007371SD photo #6 MLS# 240007371SD photo #7 MLS# 240007371SD photo #8 MLS# 240007371SD photo #9 MLS# 240007371SD photo #10 MLS# 240007371SD photo #11 MLS# 240007371SD photo #12 MLS# 240007371SD photo #13
$5,998,000
bd/ba
sf
8,187 lot
4/5/24: 5,998,000 Original List Price
24 Days on Market
Virtual Tour

Residential Income
Bay,Ocean View
2 story
0 Parking Garage Spaces
Y Fireplace
Laundry Location
1970
Unknown Zoning
Pacific Beach Neighborhood
Unknown Complex/Park
$0 Total Fees/mo (HOA and/or Mello)
240007371SD MLS

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

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Listing by Jim McInerney - eXp Realty of Southern California, Inc.

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Seth Chalnick
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20% Down Conventional
Price $5,998,000
Down Payment% 20.0%
Down Payment$ $1,199,600
Loan Amount $4,798,400
Term (years) 30
Interest Rate
Principal & Interest
Property Tax $5,498
Home Insurance $200
Total monthly fees (HOA and/or Mello) $0
Estimated Total Payment/mo
 
Property Tax Deduction
Housing Amount You Pay Now
Relative additional expense/savings
3.5% FHA
FHA Unavailable for this price point
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Seth Chalnick
619.251.8803
seth@sethchalnick.com
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