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Price improvement. The South Mission Bay Villas offer 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 9 month winter rental, and 3 month summer rental. The property can also be used as a vacation rental with proper documentation with the city.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.
Last Updated | 8/12/2024 | Tract | Mission Beach |
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Year Built | 1972 | Community | Pacific Beach |
Garage Spaces | 5.0 | County | San Diego |
Price History
Prior to Jul 2, '24 | $8,500,000 |
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Jul 2, '24 - Aug 12, '24 | $7,950,000 |
Aug 12, '24 - Today | $7,499,000 |
Additional Details
AREA | Pacific Beach |
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GARAGE | Yes |
LOT | 7196 sq ft |
LOT DESCRIPTION | 6-10 Units/Acre |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 2 |
SUBDIVISION | Mission Beach |
VIEW | Yes |
VIEW DESCRIPTION | Bay,Ocean,Water |
WATER | Public |
ZONING | MBPD-R-S |
Location
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