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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 6,950,000

Est. payment | -/mo

7,196 Sqft Lot

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$ 6,950,000

Est. payment | -/mo

Save Virtual Tour

7,196 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Mission Beach

MLS Listing ID OC25033479

HOA Y/N No

Lot Size 7,196 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Bayfront Villas offers 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 short-term rental if the owner resides in the property for at least nine months out of the year. In order to obtain a short-term rental permit, non owner occupied, an application must be made and be placed on the waiting list. 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.
Bayfront Villas offers 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 short-term rental if the owner resides in the property for at least nine months out of the year. In order to obtain a short-term rental permit, non owner occupied, an application must be made and be placed on the waiting list. 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.

Location

State CA

County San Diego

Community Mission Beach

Area Pacific Beach (92109)

Zoning Estimated

Building

Lot Description Sidewalks

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Monthly Total Fees $8

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Listed by Peter Hauser • NorthMarq Realty Services, Inc

+1(619) 302-3010

matt@homecrave.com

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828 Coronado Court San Diego, CA 92109

Matt O'Brien

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828 Coronado Court