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$ 2,859,000
Est. payment /mo
New
3575 77 Strand Way San Diego, CA 92109
3,153 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Mission Beach
MLS Listing ID 250039711SD
HOA Y/N No
Year Built 1938
Lot Size 3,153 Sqft
Property Description
Situated just steps from both the beach and bay, this prime multi-unit property W/SOLAR offers exceptional potential at the beach! Comprised of three units—a 3BR/1BA, a 1BR/1BA, and a studio, this property is ideal for both investors and owner-occupants looking to capitalize on Mission Beach's vibrant rental market. The 3-BR unit features ocean & boardwalk views from living area and is currently rented to a long-term tenant at $3,800/month. Previously, this unit was successfully rented as a short-term rental, providing flexibility for future rental strategies. The 1-BR and studio units will be delivered vacant, offering the option to rent them out for steady income or live in one while renting the others. According to Rent-O-Meter, the studio has an average rent of $2,063/month, while the 1-BR averages $2,600/month. Both units feature assigned outdoor parking. Located off San Juan Place, the narrowest part of the Mission Beach peninsula, this property is close to all the action, from sun-soaked beaches to tranquil bay views. Whether you're looking to generate income by renting all three units or prefer to live in one while renting the others, this property offers unmatched potential. Nestled just steps from the sand, this charming multi-unit property in Mission Beach offers a unique opportunity for both investors and owner-occupants. Comprised of a spacious 2BR/1BA apartment, a cozy 1BA/1BA unit, and a studio, this property provides endless potential for income generation or the perfect beachside living arrangement. The 2-bedroom apartment boasts a desirable location with views of the ocean and boardwalk from the living area. Previously rented as a short-term vacation rental, this unit is currently leased to a long-term tenant at $3,800/month. With a 1-car garage and an additional exterior parking space, this unit offers convenience and privacy. The 1-bedroom and studio units will be delivered vacant, providing the perfect opportunity to either rent them out for additional income or live in one while renting out the others. According to Rent-O-Meter Pro, the studio has an average rental value of $2,063/month, and the 1-bedroom can command $2,588/month. These units feature assigned outdoor parking spaces, making them even more attractive to potential renters. Positioned off San Juan Place, the narrowest section of the Mission Beach peninsula, this property is ideally located just steps from both the beach and bay, offering the best of coastal living. The combination of rental income potential and the prime location makes this a rare opportunity to either capitalize on a steady stream of income or enjoy your own beachside retreat while offsetting costs. Whether you choose to rent all three units, or live in one and rent the others, the location, income potential, and versatility of this property make it an exceptional investment opportunity.
Location
State CA
County San Diego
Area 92109 - Pacific Beach
Interior
Heating Natural Gas
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Fence None
Pool None
View Y/N Yes
View Ocean
Roof Type Composition
Private Pool No
Building
Story 3
Entry Level Three Or More
Level or Stories Three Or More
Others
Senior Community No
Tax ID 4236080500
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://my.matterport.com/show/?m=9FayvVfHu5L&brand=0&mls=1&
Listed by Helen Spear RE/MAX COASTAL
