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1466-72 Pescadero Dr San Diego, CA 92107
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Key Details
Sold Price $3,500,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 528 sqft
Price per Sqft $6,628
Subdivision Ocean Beach
MLS Listing ID 240015930
Sold Date 08/30/24
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1955
Lot Size 8,389 Sqft
Property Description
SELLER FINANCING AVAILABLE. Experience the captivating charm of oceanfront living with this extraordinary property perched on the edge of Sunset Cliffs, offering a rare opportunity to invest in premium real estate in San Diego. Comprising four units, this unique property features two identical buildings, each containing two thoughtfully designed units. Every unit includes one bedroom, one bathroom, a private living area, and a fully equipped kitchen, reflecting the pinnacle of luxurious coastal living. For those with a vision for development, this property is located within a Transit Priority Area and falls under the Complete Communities Initiative, providing a 2.5x Floor Area Ratio (FAR) with no parking requirements. This feature makes the property a prime candidate for expansion or further development. Adding to its appeal is a preexisting seawall, offering protection and stability against coastal erosion and ensuring the property's longevity. With redevelopment in mind, proposed plans for this site include converting it into a stunning three-story apartment complex, providing ample opportunity to create a truly remarkable oceanfront living experience. Embrace the beauty of coastal life and take advantage of this outstanding investment opportunity in San Diego's prestigious oceanfront real estate market.
Location
State CA
County San Diego
Community Ocean Beach
Area Ocean Beach (92107)
Building/Complex Name Sunset Cliffs
Interior
Cooling Wall/Window
Exterior
Exterior Feature Vinyl
Fence Full
View Ocean, Panoramic, Panoramic Ocean
Roof Type Composition
Building
Story 1
Lot Size Range 7500-10889 SF
Sewer Sewer Connected
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, FHA, VA
Space Rent $4,750
Listing Terms Cash, Conventional, FHA, VA
Financing Conventional
Pets Allowed Yes
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Bought with Adrian G Quijano • eXp Realty of California, Inc.