3449 Ocean Front Walk, San Diego, CA 92109
  • MLS#: 250032138SD ( Commercial/Residential )
  • Street Address: 3449 Ocean Front Walk
  • Viewed: 2
  • Price: $13,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 17
  • Additional Information
  • County: SAN DIEGO
  • City: San Diego
  • Zipcode: 92109
  • Provided by: Fantastik Realty
  • Contact: Robert Robert
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    RARE TROPHY ASSETthe only 6 unit, 4 story oceanfront building in Mission Beach with no HOA and white papers in hand for a condo map. Six identical 2 BR / 2 BA ~1,100 SF residences span an irreplaceable 30 FT wide lot, crowned by the ONLY 2 true 4th floor penthouses in MBsoaring above the 30 ft height cap for panoramic surf to skyline views AND the bay! From studs out, the property underwent a $2 M+ fully permitted rebuild (2023): new roof, plumbing, electrical, HVAC, structural beams and framing, impact windows, glass sliding doors, smooth stucco, designer kitchens, spa baths, Euro oak floors, and glass balcony railings that vanish into the horizon. Garage yields 8 on site parking spaces (All single no tandem) plus shared oceanfront patio directly on the boardwalk AND each unit has its own oceanfront balcony + back balcony facing the bay. Operational flexibility & upside: Vacation rent all 4 upper units for maximum cash flowpro formas exceed $760 K GSI. Maintain existing two long term leases in 2nd floor units to preserve Tier 2 STR permits, while operating the top four as premium short term rentals. Sell off strategy: activate the condo map and disposition units individually in a high velocity market hungry for turnkey new build oceanfront condos. No HOA dues, no deferred maintenance, and no comparable site left to build. Whether held as a legacy multi family asset, operated as a boutique luxury rental stack, or condo sales for immediate profits, 3449 Ocean Front Walk offers a once in a generation chance to control the trophy of Mission Beach.
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Features
Country
  1. US
Parcel Number
  1. 4236240100
Property Type
  1. Commercial/Residential
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/snd/250032138
Zoning
  1. R-4:MULTIP