Properties

San Diego, CA 92109 3850 RIVIERA DRIVE 3B

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Presented By: Craig Bauman with Craig J. Bauman;
  • MLS# 250018703SD
  • 02/12/2025
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  • Beds • 3
  • Baths • 2
  • SQFT • 1,534
  • Garage • 2

Home Details

Top floor Beach and Bay front condo on the Bay. Beautiful ocean views, sunsets, direct access to the beach on the bay and ocean breezes is what youโ€™ll be able to enjoy from this bay front condo! 3 bedrooms, 2 baths, in suite washer and dryer, an oversized living room and master bedroom with bay views, private deck and TWO separate parking spaces are what this amazing home has to offer. Rare opportunity to purchase prior to fee simple conversion. Buyer captures $600k+ equity gap once conversion completes. Neighboring waterfront condos without land leases have recently sold between $1,300โ€“$1,400 per sq ft, placing the potential post-conversion value of this home near $2M+. With the land buyout confirmed and in contract, and being less than $500k, buyers purchasing now can capture substantial equity upside as the building converts to full ownership. Land lease additional cost will be saved by locking in a lower tax rate prior to the increase in value. Once the land purchase closes, opportunities to buy in this building may disappear for years. Seller will review offers prior to the next price adjustment as the land conversion progresses. The complex is on the boardwalk and features a pool, large common area and huge view veranda, perfect for people watching during the summer and enjoying our beautiful sunsets. Property is on a land lease but is intended to be bought out. Current lease does not expire for 38 more years estimated. Perfect spot for a vacation hideaway or has been primary home for 10 years of current owners. Raising 2 children in 3 bedroom condo on the beach.
Presented By: Craig Bauman with Craig J. Bauman;

Interior Features for 3850 RIVIERA DRIVE 3B

Bedrooms

Total Bedrooms3

Bathrooms

Half Baths0
Total Baths2

Other Interior Features

LivingAreaSourceEstimated
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesEat-in Kitchen
Laundry FeaturesElectric Dryer Hookup
Total Stories1

Other Rooms

Entry Level1

General for 3850 RIVIERA DRIVE 3B

AppliancesDishwasher, Electric Cooktop, Electric Cooking, Electric Oven, Electric Range, Disposal
Assoc Fee Paid PerMonthly
Association AmenitiesGas, Maintenance Grounds, Hot Water, Trash, Utilities
Association Fee IncludesPest Control, Sewer
Association NameDREAM HOA
CitySan Diego
Construction MaterialsConcrete
CoolingENERGY STAR Qualified Equipment
CountySan Diego
DirectionsGrey building, no sign, just 2 buildings before the public beach access ramp. Cross Street: LA PLAYA ST..
Full Baths2
Garage Spaces2
Garage Y/NYes
HOAYes
HOA Fee$770
HeatingElectric, Forced Air
Land Lease Y/NYes
LevelsOne
Listing TermsCash, Conventional
Living Area1534
MLS Area92109 - Pacific Beach
New ConstructionNo
Occupancy TypeOwner
Open Parking Spaces0
Pool FeaturesIn Ground
PostalCitySAN DIEGO
Property Attached Y/NYes
Property Sub Type AdditionalCondominium
Property SubtypeCondominium
Property TypeResidential
RoofCommon Roof
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameCrown Point
Unit Number3B
UtilitiesWater Available
Virtual TourClick here
Year Built1960

Exterior for 3850 RIVIERA DRIVE 3B

Lot Size SourcePublic Records
Park NameCONDOMINIUM
Parking FeaturesAssigned, Direct Access, Garage, Gated, Community Structure
Private PoolNo
SpaNo
Total Parking2
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,398,000
MLS#250018703SD
List Date 02/12/2025
Property Type Condos
Phone 888.795.6274
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Request Info
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