Get the App

3958 Riviera/3929-33 Gresham, San Diego, CA 92109

Commercial property · 2 recorded sales since 2018

3958 Riviera/3929-33 Gresham, San Diego, CA 92109 Sold December 2019 CRMLS
$7,950,000Sold December 2019

Listing Agent: Katie Herrick (DRE #01800357) · Listing Office: Coldwell Banker West · Contact: 619-325-4100 · Bought with: Brandon Ponsoll · Pacific Sotheby's Int'l Realty · MLS #190048877 · Source: CRMLS

12
Units
3.75%
Cap Rate
$307,877
NOI
12,078 sqft
Lot Size
RM-2-5
Zoning
Commercial property
Type

About this commercial property

Opportunity to own a FULLY LEASED REMODELED, INSIDE & OUT GEM at the Beach with additional rent potential! This 5 building, 12 Unit, multi-family project-Riviera Marina is located just one block from Mission Bay in Crown Point. Riviera Marina is a very unique project that consists of spacious cottages, town-homes, and apartments with 11 – two bedroom units and 1 - three bedroom units. ALL units feature updated modern details with new stainless-steel appliances, quartz counter-tops in kitchens & bathrooms, brand new cabinetry, ceiling fans, double pane windows, walk in showers with tile surround and luxury vinyl plank flooring. Select units feature WATER VIEWS, Fireplace, PRIVATE patios! Each unit has its own parking: 20 surface spaces, 1 - two car garage, total spaces=22. Just steps away or short bike ride from the beach, bay, boardwalk and numerous water activities. Riviera Marina’s prime Crown Point location makes it a PERFECT opportunity for an investor looking for an asset in a highly desirable location. Amenities: None

Listing description from the December 2019 sale, as reported to CRMLS.

Sale history

$7,950,000
Sold December 2019 · listed $8,200,000, on market September 2019 · MLS #190048877 · Source: CRMLS
Listing Agent: Katie Herrick · Listing Office: Coldwell Banker West · Contact: 619-325-4100 · Bought with: Brandon Ponsoll · Pacific Sotheby's Int'l Realty
$5,500,000
Sold October 2018 · listed $5,700,000, orig. $5,900,000, on market April 2018 · MLS #180019875 · Source: CRMLS
Listing Agent: Pat Park · Listing Office: Dunn, REALTORS/Park Pacific · Contact: 619-275-3866 · Bought with: Katie Herrick · Ascent Real Estate, Inc
See homes for sale in San Diego Open the Nalren App

Explore San Diego