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3449 Ocean Front Walk

San Diego CA 92109

12
12
6600 sq. ft.
0.1 ac.
Other
Currently for sale - view listing

Overview

RARE TROPHY ASSET?the only 6-unit, 4-story oceanfront building in Mission Beach with no HOA and white papers in hand for a condo map. Six identical 2 BR / 2 BA ~1,100 SF residences span an irreplaceable 30 FT-wide lot, crowned by the ONLY 2 true 4th-floor penthouses in MB?soaring above the 30-ft height cap for panoramic surf-to-skyline views AND the bay! From studs out, the property underwent a $2 M+ fully permitted rebuild (2023): new roof, plumbing, electrical, HVAC, structural beams and framing, impact windows, glass sliding doors, smooth stucco, designer kitchens, spa baths, Euro-oak floors, and glass balcony railings that vanish into the horizon. Garage yields 8 on-site parking spaces (All single no tandem) plus shared oceanfront patio directly on the boardwalk AND each unit has its own oceanfront balcony + back balcony facing the bay. Operational flexibility & upside: ? Vacation-rent all 4 upper units for maximum cash flow?pro formas exceed $760 K GSI. ? Maintain existing two long-term leases in 2nd-floor units to preserve Tier-2 STR permits, while operating the top four as premium short-term rentals. ? Sell-off strategy: activate the condo map and disposition units individually in a high-velocity market hungry for turnkey new build oceanfront condos. No HOA dues, no deferred maintenance, and no comparable site left to build. Whether held as a legacy multi-family asset, operated as a boutique luxury rental stack, or condo sales for immediate profits, 3449 Ocean Front Walk offers a once-in-a-generation chance to control the trophy of Mission Beach.

Features

12 bedrooms
12 bathrooms
6600 sq. ft. floor area
0.1 ac. lot size
Other

Property history for 3449 Ocean Front Walk

2020
Sold
$7,450,000
30 Oct 2020 by Tony Franco, of Tony Franco Realty, Inc.

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