Price improvement. The South Mission Bay Villas offer a rare opportunity to own bay front property in Mission Beach, San Diego, California. This property sits on two lots and can be utilized as a rental property. The property is currently used as a hybrid owner-user plus rental. The property can be operated immediately as a 9 month winter rental, and 3 month summer rental. The property can also be used as a vacation rental with proper documentation with the city.This unique property also presents itself as a prime development opportunity. With the ability to scrape the existing structures and build new condominiums, or keep the current structures in place and process with the department of real estate to sell individually as a TIC tenant in common ownership structure. Very few investment properties offer this range of investment alternatives and creative uses.
|
DAYS ON MARKET
|
155
|
LAST UPDATED
|
10/29/2024
|
|
TRACT
|
Mission Beach
|
YEAR BUILT
|
1972
|
|
COMMUNITY
|
Pacific Beach
|
GARAGE SPACES
|
5.0
|
|
COUNTY
|
San Diego
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Jul 2, '24
|
$8,500,000
|
|
Jul 2, '24 - Aug 12, '24 |
$7,950,000
|
| Aug 12, '24 - Today |
$7,499,000 |
| AREA |
Pacific Beach |
| GARAGE |
Yes |
| LOT |
7196 sq ft |
| LOT DESCRIPTION |
6-10 Units/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Mission Beach |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Bay,Ocean,Water |
| WATER |
Public |
| ZONING |
MBPD-R-S |
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Listed with NorthMarq Realty Services, Inc
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/30/24 4:25 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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