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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$7,290,000

Est. payment - /mo

7,196 Sqft Lot

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UPDATED:

02/14/2025 07:40 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Mission Beach

MLS Listing ID OC25033479

HOA Y/N No

Year Built 1965

Lot Size 7,196 Sqft

Property Sub-Type Apartment

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.

Location

State CA

County San Diego

Area 92109 - Pacific Beach

Zoning MBPD-R-S

Interior

Fireplace No

Appliance Dryer, Washer

Laundry Common Area, Inside

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Biking, Fishing, Hiking, Sidewalks, Water Sports

Total Parking Spaces 12

Private Pool No

Building

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Patio Home

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4237180800

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Peter Hauser • NorthMarq Realty Services, Inc • 949-302-1400

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

828 Coronado CT San Diego, CA 92109

Ernie Caponera

Key Details

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828 Coronado CT