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We are pleased to present this exceptionally rare opportunity to acquire the largest ocean front apartment building in San Diego’s Mission Beach, The Mariner Apartments. This sixteen-unit building enjoys 84 feet of beach frontage along a 6,700+ square foot lot in beautiful South Mission Beach. This is the first time this building has ever been offered for sale. The Mariner Apartments provide an opportunity for a forward-thinking investor to perform high-end renovations and create a trophy asset for their portfolio. » An investor could modernize and upgrade the building while retaining the existing unit floorplans. » Contingent upon City of San Diego approvals, a purchaser could also reconfigure floorplans to divide the 2,500+ sf penthouse into multiple oceanfront apartments and/or merge adjacent studios into larger units. » Alternately, a buyer may wish to retain and customize the penthouse for personal use. All of the units feature private patios or decks. The seven 2-bedroom units and the 2,500+ sf third floor penthouse face the ocean. The three ground floor 2-bedroom units open out onto large private patios which offer indoor-outdoor living and direct beach access. The four third-floor studios enjoy wonderful views over Mission Bay. PLEASE DOWNLOAD ATTACHED 32-PAGE OFFERING MEMORANDUM FOR COMPLETE DETAILS ABOUT THIS UNIQUE PROPERTY.
Last Updated | 8/12/2024 | Community | Pacific Beach |
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County | San Diego |
Price History
Prior to May 8, '24 | $12,880,000 |
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May 8, '24 - Today | $11,500,000 |
Additional Details
AREA | Pacific Beach |
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CONSTRUCTION | Block, Drywall, Frame, Stucco |
HEAT | Radiant |
HOA DUES | 0 |
LOT | 6700 sq ft |
LOT DIMENSIONS | 84 x 79 |
ZONING | RM |
Location
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