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3958-66 Riviera/3929-33 Gresham
Coastal South San Diego 92109

$6,500,000 /541667.0
Com-Res Income 18,520 sq. ft. built: 1977

Main Photo: Property for sale: 3958-66 Riviera/3929-33 Gresham in San Diego
Prop. Type:
Com-Res Income
MLS® Num:
180019875
Status:
Active
Year Built:
1977
ONE OWNER-1ST TIME ON MARKET! 12 HIGHLY DESIRABLE PACIFIC BEACH UNITS ACROSS FROM SAIL BAY! SITUATED ON RM-2-5 ZONED 18,520 SQUARE FOOT LOT. PROPERTY CONSISTS OF 2BR 1BA HOUSE AT 3958 RIVIERA DR & 2BR 2BA HOUSE AT 3966 RIVIERA DR, FIVE 2BR 1.5BA TOWNHOUSES, TWO 2BR 1.5BA APTS, ONE 1BR 1BA APT, A 3BR 1.5BA TOWNHOUSE AT 3929 GRESHAM & 1BR 1.5BA TOWNHOUSE AT 3931 GRESHAM. ONE 2 CAR GARAGE, ONE 1 CAR GARAGE; 22 TOTAL PARKING SPACES. MOST UNITS HAVE FIREPLACES. RENTS WELL BELOW MARKET RATES. PRELIMINARY RIVIERA MARINA CONDOMINIUM PLAN AND CCR'S WERE FILED IN 1980.
Rental Amount:
17395
Price Per Unit:
541667.0
Total Floor Area:
18,520 sq. ft.
Lot Size:
0.43 acre(s)
Lot Size Commercial:
.25 through .50 Acres
Lot Details:
100X185
Num Storeys:
2
County:
San Diego
Market Area:
Coastal South
Number of Buildings:
5
Number of Units:
12
Storeys:
1 Story, 2 Story
Unit Type:
Apartment, Free Standing, Townhouse
Year Built:
1977
Flood Zone:
Hazard Unknown
Geological Hazard Zone:
Hazard Unknown
Gross Multiplier:
30.94
Cash flow:
148373.0
Gross operating income:
210115
Gross scheduled income:
210115
Other income source:
LAUNDRY
Gardener expense:
1873
Gas / Electric expense:
5635
Insurance F&L expense:
8091
License expense:
79
Maintainance expense:
10207
Manager expense:
2760
Supplies expense:
526
Taxes expense:
8387
Trash expense:
3947
Operating expense:
60176
Water/Sewer expense:
14125
Other expense:
2925
Pest control expense:
1621
Total P&I pay:
0.0
Total expenses:
60176.0
Projected Gross Multiplier:
20.4
Projected gross scheduled income:
315600
Projected other income:
3000
Projected taxes expense:
75000
Gross equity:
6500000
Motive / Want:
OUTRIGHT SALE
Financial Information Source:
Accountant, Owner, Tax Return
Existing Financing:
Clear
Present Loan:
0
Short Sale:
No
Listing Type:
Exclusive Right (R)
Complex Features:
N/K
Exterior Finish:
Auto Front Sprinklers, Cable Available, Part Fenced, Wood Fence
Special:
Assessments/Liens, City Transfer Tax, Local Transfer Tax
Parking:
Garages, Spaces
Total Parking Spaces:
22
Cooling:
N/K
Heating:
Radiant, Wall/Gravity
Laundry:
Leased
Construction Material:
Drywall, Stucco, Other/Remarks
Roof:
Composition, Rock/Gravel, Shake, Tar & Gravel, Wood
Floor finish:
Tile, Vinyl, Wall to Wall Carpet, Other/Remarks
Terms:
Cash, Cash to New Loan
Number of Units with Disposals:
10
Number of Units with Drapes:
12
Number of Units with Garages:
2
Number of Units with Range/Oven:
12
Number of Units with Refrigerators:
12
Number of Leased Appartments:
12
Zoning:
RM-2-5
Parcel Number:
423-382-27-00
Number of Units in Unit 1:
1
Unit 1 Furnished:
N
Total Rent for Unit 1:
1230.0
Bedrooms for Unit 1:
2
Bathroom 1:
1
Number of Units in Unit 2:
1
Unit 2 Furnished:
N
Total Rent for Unit 2:
1750.0
Bedrooms for Unit 2:
2
Bathroom 2:
2
Number of Units in Unit 3:
5
Unit 3 Furnished:
N
Total Rent for Unit 3:
6410.0
Bedrooms for Unit 3:
2
Bathroom 3:
1.5
Number of Units in Unit 4:
1
Unit 4 Furnished:
N
Total Rent for Unit 4:
1295.0
Bedrooms for Unit 4:
1
Bathroom 4:
1
Number of Units in Unit 5:
2
Unit 5 Furnished:
N
Total Rent for Unit 5:
2950.0
Bedrooms for Unit 5:
2
Bathroom 5:
1.5
Number of Units in Unit 6:
1
Unit 6 Furnished:
N
Total Rent for Unit 6:
2500.0
Bedrooms for Unit 6:
3
Bathroom 6:
1.5
Number of Units in Unit 7:
1
Unit 7 Furnished:
N
Total Rent for Unit 7:
1260.0
Bedrooms for Unit 7:
1
Bathroom 7:
1.5
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Larger map options:
Listing information last updated on May 14, 2018 at 11:48 PM (UTC)
Area Statistics
Listings on market:
77
Avg list price:
$2,370,000
Min list price:
$739,900
Max list price:
$19,999,990
Avg days on market:
80
Min days on market:
5
Max days on market:
796
Avg price per sq.ft.:
$295.31
These statistics are generated based on the current listing's property type and located in San Diego. Average values are derived using median calculations.
Patrick J. Park, MBA