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$ 10,500,000
Est. payment | /mo
6,700 Sqft Lot
$ 10,500,000
Est. payment | /mo
6,700 Sqft Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 240007091
Lot Size 6,700 Sqft
Acres 0.15
Lot Dimensions 84 x 79
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.
Location
State CA
County San Diego
Area Pacific Beach (92109)
Zoning RM
Interior
Heating Radiant
Cooling None
Flooring Tile, Wall to Wall Carpet
Laundry Leased
Exterior
Exterior Feature Cable Available, Metal Fence, Part Fenced, Part Landscaped
Parking Features Carports, Garages, Spaces
Roof Type Tar & Gravel
Total Parking Spaces 17
Building
Story 3
Lot Size Range .25 Acres or less
Others
Acceptable Financing Cash, Cash to New Loan
Space Rent $580,728
Listing Terms Cash, Cash to New Loan
Listed by Robert V Vallera Jr. • Vallera Investment Properties
8322 Clairemont Mesa Blvd Suite 206, Diego, California, 92111, United States