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$ 2,795,000
Est. payment | /mo
5 Beds
3 Baths
$ 2,795,000
Est. payment | /mo
5 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Crown Point (Cp)
MLS Listing ID 260021283
Bedrooms 5
Full Baths 3
Year Built 1948
Property Sub-Type Res Income 2-4 Units
Property Description
RARE RIVIERA DRIVE OPPORTUNITY! Rarely does a property become available on exclusive Riviera Drive, one of Crown Point's most coveted streets, located directly across from Mission Bay. Situated on a desirable 5,052 SF corner lot, this unique three-unit property offers an exceptional combination of location, income, land and flexibility. The property features three extremely spacious apartments, each with private outdoor space. The unit mix includes a 1BR/1BA plus office, historically used as a 2BR/1BA and currently leased month-to-month for $3,630/month; a spacious 2BR/1BA apartment becoming available at the end of September 2026; and a 1BR/1BA apartment generating $2,800/month on a month-to-month lease. Three single-car garages, an additional off-street parking space and laundry facilities complete the offering. The possibilities are endless. Hold as a long-term investment in a premier coastal location with virtually endless rental demand and significant appreciation potential. Owner-occupy the soon-to-be-vacant 2BR while generating income from the other two units. Or explore maximizing revenue through short-term rental opportunities, subject to applicable regulations and approvals. Properties on Riviera Drive rarely come to market. This is an opportunity to own on one of San Diego's most desirable waterfront streets while benefiting from multiple income and ownership strategies. Whether your goal is appreciation, cash flow, owner occupancy or a combination of all three, this property delivers the flexibility to make it your own.
Location
State CA
County San Diego
Area Coastal South
Interior
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 423-411-00-00
Acceptable Financing Cash, Conventional, Exchange, FHA, VA, Other/Remarks
Listing Terms Cash, Conventional, Exchange, FHA, VA, Other/Remarks
Listed by Josh Browar, DRE#01824454 The Browar Group
NEARBY SCHOOL & BUSINESS
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