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Key Details
Sold Price $9,200,000
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Sold
Purchase Type For Sale
Square Footage 10,609 sqft
Price per Sqft $867
MLS Listing ID 240007091
Sold Date 02/10/25
Bedrooms 9
Lot Dimensions 84 x 79
Property Sub-Type Com-Res Income
Type of Financing Cash,Cash to New Loan
Property Type Com-Res Income
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
Community Ctv Avail
Area Coastal South
Zoning RM
Direction Take Mission Boulevard one-half mile south of its intersection with West Mission Bay Drive (at Belmont Park.) Turn right and dri
Interior
Heating Radiant
Cooling None
Flooring Slab, Wood
Fireplace No
Laundry Leased
Exterior
Parking Features Carports, Garages, Spaces
Carport Spaces 10
View Y/N No
Roof Type Tar & Gravel
Total Parking Spaces 17
Building
Story 3
Others
Senior Community No
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
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Bought with Cody Evans South Coast Commercial Inc.
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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