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$ 10,500,000
Est. payment | /mo
6,699 Sqft Lot
$ 10,500,000
Est. payment | /mo
6,699 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 240007091SD
HOA Y/N No
Lot Size 6,699 Sqft
Property Description
We are pleased to present this exceptionally rare opportunity to acquire the largest ocean front apartment building in San Diego’s Mission Beach, The Mariner Apartments. This sixteen-unit building enjoys 84 feet of beach frontage along a 6,700+ square foot lot in beautiful South Mission Beach. This is the first time this building has ever been offered for sale. The Mariner Apartments provide an opportunity for a forward-thinking investor to perform high-end renovations and create a trophy asset for their portfolio. » An investor could modernize and upgrade the building while retaining the existing unit floorplans. » Contingent upon City of San Diego approvals, a purchaser could also reconfigure floorplans to divide the 2,500+ sf penthouse into multiple oceanfront apartments and/or merge adjacent studios into larger units. » Alternately, a buyer may wish to retain and customize the penthouse for personal use. All of the units feature private patios or decks. The seven 2-bedroom units and the 2,500+ sf third floor penthouse face the ocean. The three ground floor 2-bedroom units open out onto large private patios which offer indoor-outdoor living and direct beach access. The four third-floor studios enjoy wonderful views over Mission Bay. PLEASE DOWNLOAD ATTACHED 32-PAGE OFFERING MEMORANDUM FOR COMPLETE DETAILS ABOUT THIS UNIQUE PROPERTY.
Location
State CA
County San Diego
Area 92109 - Pacific Beach
Zoning RM
Interior
Heating Radiant
Fireplace No
Exterior
Carport Spaces 10
Roof Type Tar/Gravel
Total Parking Spaces 17
Others
Tax ID 4237210500
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Listed by Robert Vallera • Vallera Investment Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "