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.
PropertiesMorgan Scott2024-05-10T12:24:32+00:00
Property Description
Features
: None
Address Map
US
CA
SD
Pacific Beach
Mission Beach
92109
Coronado Court
824
W118° 44' 57.6''
N32° 45' 53.1''
Located at the end of Coronado Court, fronting on the bay.
Estimated
Additional Info
NorthMarq Realty Services, Inc
Additional Information
: Two
8
2
Listing Information
CR-OCHAUSPET
CR-OC15988
ACTIVE
2024-08-13T03:18:17Z
sdmls
5 Bedrooms
0.17 Acre
$7,499,000
Listing ID #OC24107882
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : OC24107882
Price : $7,499,000
Bedrooms : 5
Lot Area : 0.17 Acre
Status : Active
Property Sub Type : Multi Family
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