2801 Oceanfront Walk

San Diego, CA 92109

PRICE REDUCED

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-$1,380,000 (-10.71%)

$11,500,000

List Price

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Property Description

We are pleased to present this exceptionally rare opportunity to acquire the largest ocean front apartment building in San Diego’s Mission Beach, The Mariner Apartments. This sixteen-unit building enjoys 84 feet of beach frontage along a 6,700+ square foot lot in beautiful South Mission Beach. This is the first time this building has ever been offered for sale. The Mariner Apartments provide an opportunity for a forward-thinking investor to perform high-end renovations and create a trophy asset for their portfolio. » An investor could modernize and upgrade the building while retaining the existing unit floorplans. » Contingent upon City of San Diego approvals, a purchaser could also reconfigure floorplans to divide the 2,500+ sf penthouse into multiple oceanfront apartments and/or merge adjacent studios into larger units. » Alternately, a buyer may wish to retain and customize the penthouse for personal use. All of the units feature private patios or decks. The seven 2-bedroom units and the 2,500+ sf third floor penthouse face the ocean. The three ground floor 2-bedroom units open out onto large private patios which offer indoor-outdoor living and direct beach access. The four third-floor studios enjoy wonderful views over Mission Bay. PLEASE DOWNLOAD ATTACHED 32-PAGE OFFERING MEMORANDUM FOR COMPLETE DETAILS ABOUT THIS UNIQUE PROPERTY.

Listing Information

List Price $11,500,000
Status Active
MLS 240007091SD
HOA $0
Type Commercial
Subtype Mixed Use
Lot Size 6,700
Structure Size N/A
DOM 148
Courtesy Of Vallera Investment Properties
Listing Agent Robert Vallera DRE#00818308

Interior Features

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Maps

Listing information courtesy of: Robert Vallera, Vallera Investment Properties . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 30th, 2024 at 2:14 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.