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Key Details
Sold Price $4,645,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Mission Beach
MLS Listing ID 250031469
Sold Date 08/29/25
Bedrooms 8
Full Baths 5
Half Baths 1
Year Built 1970
Property Sub-Type Res Income 2-4 Units
Property Description
Rare Bayfront Triplex directly on the sandy shores of Mission Bay—an exceptional opportunity to live in one unit and rent the other two, or build your dream Bayfront estate. Enjoy breathtaking sunrise views, peaceful walks along the bay, and quick access to the surf across the street. At night, take in SeaWorld's fireworks from the two lower patios or upper balcony. Ideally located near Mission Bay Yacht Club, Aquatic Center, Belmont Park, and all Mission Beach attractions. All three units are currently operating as short-term rentals (approx. $325K gross annual income, $50K expenses) with tenant occupancy and full interior remodels completed in 2022. New STR permit process, permits do not transfer. The 4,480 sq ft building, built in 1970, is in good condition with parking, newer roof (less than 10 yrs old), and new water heater. Recent upgrades include: new dishwasher and BBQ in unit 3540, freshly painted interior and exterior with excess wiring removed, all furniture and carpets replaced in all three units, new mattresses and pillows throughout, repaired cabinets, most light fixtures replaced, updated shower valves, new faucets, five new TVs, routers, inspected washer/dryer, repaired Medeco locks, new patio set (3536), exterior lighting (3534/3536), new smoke detectors, fire extinguishers, and updated electrical outlets.
Location
State CA
County San Diego
Area Coastal South
Zoning R-4
Direction Mission Blvd to El Carmel, N on Bayside Ln Bldg on right. Easy to park on El Carmel point and walk north on Bayside.
Interior
Fireplace No
Exterior
Fence Gate, Partial
Utilities Available Sewer Connected
View Y/N Yes
Water Access Desc Meter on Property
View Bay, City, Evening Lights, Panoramic
Roof Type Other/Remarks
Building
Story 3
Water Meter on Property
Level or Stories 3
Schools
School District San Diego Unified School Distric
Others
Tax ID 423-613-11-00
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Bought with Benjamin Smith eXp Realty of California, Inc.
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