$7,950,000 Price Analysis   ♡   San Diego, CA 92109 11 bed 10 bath 6,660 SqFt ($1193/SqFt) 7,196SqFt lot. Built 1972 Listed 2024-05-28, Taxes $2,573 | Ⓧ USDA Ineligible due to price & location near San Diego |
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 s a rental property. The property is currently used as a hybrid owner-user plus rental. The property can be operated immediat ely 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.
Presented by Peter M Hauser at
NorthMarq Realty Services, Inc.
Property MLS #OC24107882 from CRMLS
Lot Size Acres: 0.1651974
Lot Size Source: Assessor
Lot Size Square Feet: 7196
Parking Total: 10
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 3
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1
Unit-5 Garage Spaces: 1
County: San Diego
Source Property Type: Residential Income
Insurance Expense: 1.00
Area: 92109 - Pacific Beach
Source Neighborhood: Mission Beach
Number of Separate Electric Meters: 8
Number of Separate Gas Meters: 8
Number of Separate Water Meters: 8
Parcel Number: 4237160700
Postal Code Plus 4: 8109
Professional Management Expense: 1.00
Subdivision: Mission Beach
Trash Expense: 1.00
Zoning: MBPD-R-S
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $102,120 + $102,120 $204,240 | $2,573 |
| 2022 | $100,118 + $100,118 $200,236 | $2,502 |
| 2021 | $98,155 + $98,155 $196,310 | $2,483 |
| 2020 | $97,149 + $97,149 $194,298 | $2,451 |
| 2019 | $95,245 + $95,245 $190,490 | $2,408 |
| 2018 | $93,378 + $93,378 $186,756 | $2,254 |
| 2017 | $91,548 + $91,548 $183,096 | $2,218 |
| 2016 | $89,753 + $89,753 $179,506 | $2,181 |
| 2015 | $88,405 + $88,405 $176,810 | $2,150 |
| 2014 | $86,674 + $86,674 $173,348 | $2,108 |
| 2013 | $86,283 + $86,283 $172,566 | $2,105 |
| 2012 | $84,592 + $84,592 $169,184 | $1,945 |
| 2010 | $82,934 + $82,934 $165,868 | $1,878 |
| 2009 | $82,511 + $82,511 $165,022 | $1,883 |
| 2009 | $82,315 + $82,315 $164,630 | $1,883 |
| 2008 | $80,894 + $80,894 $161,788 | $1,819 |
| 2007 | $79,308 + $79,308 $158,616 | $1,775 |
$7,950,000
CRMLS
Listed 2024-05-28
$8,500,000
CRMLS
Year Built: 1972
Building Features: 2
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: 1
Property Age: 52
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Estimated
Sewer: Sewer: Public Sewer, Water Sewer Expense: 1.00
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.