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.
Property Details
Property Features
Property Information:
Year Built: 1970
Stories: 2
Listing Office:
Office Name: eXp Realty of Southern California, Inc.
This property is $5.0M more than the Median Sold Price in San Diego, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #240007371SD
Listing Office:
Office Name: eXp Realty of Southern California, Inc.
Office Phone: (888) 294-1415
Listing Agent: Jim McInerney
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/7/2024, 3:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Crown Point Elementary School
4033 Ingraham St
Distance between this listing and this school0.20 miles
Public Magnet Grades PK-5
Middle School
8
/10
Pacific Beach Middle School
4676 Ingraham St
Distance between this listing and this school0.55 miles
Public Magnet Grades 6-8
High School
6
/10
Mission Bay High School
2475 Grand Ave
Distance between this listing and this school1.21 miles
Public Magnet Grades 9-12
Assigned Schools
8
/10
Crown Point Elementary School
4033 Ingraham St
Distance between this listing and this school0.20 miles
Public Magnet Grades PK-5
Nearby Schools
8
/10
Pacific Beach Elementary School
1234 Tourmaline St
Distance between this listing and this school1.20 miles
Public District Grades KG-5
8
/10
Sessions Elementary School
2150 Beryl St
Distance between this listing and this school1.22 miles
Public Magnet Grades KG-5
Assigned Schools
8
/10
Pacific Beach Middle School
4676 Ingraham St
Distance between this listing and this school0.55 miles
Public Magnet Grades 6-8
Nearby Schools
6
/10
Marston Middle School
3799 Clairemont Dr
Distance between this listing and this school2.70 miles
Public District Grades 6-8
8
/10
Muirlands Middle School
1056 Nautilus St
Distance between this listing and this school3.11 miles
Public District Grades 6-8
Assigned Schools
6
/10
Mission Bay High School
2475 Grand Ave
Distance between this listing and this school1.21 miles
Public Magnet Grades 9-12
Nearby Schools
5
/10
Clairemont High School
4150 Ute Dr
Distance between this listing and this school2.52 miles
Public District Grades 9-12
9
/10
La Jolla High School
750 Nautilus St
Distance between this listing and this school3.26 miles
The neighbors living near this home have an average income of $81,405. Typical income of San Diego, CA residents is between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 387480 Riviera
What is the listing price of this property?
The listing price of 387480 Riviera property is $5,998,000.
What type of property is this?
The property 387480 Riviera is a house located in San Diego, California, 92109.
Is this property for sale now?
Active Listing: 387480 Riviera is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 387480 Riviera are: Crown Point Elementary School: GreatSchools Rating 8/10Pacific Beach Middle School: GreatSchools Rating 8/10Mission Bay High School: GreatSchools Rating 6/10
Which year was this property built?
The year of construction for 387480 Riviera is 1970.
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This home is located at 387480 Riviera in San Diego, CA and zip code 92109 in the Pacific Beach neighborhood. This home, which was built in 1970, sits on a 0.19 acre lot. It has been listed on Rocket Homes since April 06, 2024 and is currently priced at $5,998,000.
San Diego, CA housing market in April 2024 saw over 379 listings sold above listed price, more than 101 sold at listed price and over 271 sold below. The inventory of homes for sale in San Diego, CA between March 2024 and April 2024 increased by 10.7%. In April 2024, listings were on the market for 18 days. During the same period, the median list price in this real estate market was $914,809.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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