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$1,525,000
Est. payment /mo
2 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Mission Beach
MLS Listing ID 260015976
Bedrooms 2
Full Baths 2
Year Built 1947
Property Sub-Type Res Income 2-4 Units
Property Description
It is a pleasure to present for sale for the first time in over three decades, 3510 Bayside Lane, San Diego, CA 92109, an ideally positioned two (2) unit multifamily property, superbly well-located within Mission Beach, a stone's throw from El Carmel Point and Sail Bay, with beautiful ocean/bay view exposure via redevelopment of this site to maximize building height/building area through new construction. Presently consisting of one (1) large one/bedroom-one-bathroom house with loft (+/-1,000 SF) and one (1) studio cottage (+/-343 SF), separated by two off-street parking spaces in between them, the short term rental potential here is strong. Estimated to have been built in ±1935, while the existing single story residential structures generate some income, said income is low relative to the overall value of the land and its tremendous development potential, at a site that is under improved compared to several neighboring newer construction properties, which have been built up to three-story and/or thirty foot building heights, with much more rentable building area. Eventual redevelopment seems the highest and best use for this land, whether as a beach home and/or as a modern vacation rental property. The lot is ±2,280 square feet, at the corner of El Carmel Place and Bayside Lane, within walking distance to: the Beach; its miles long boardwalk; the Mission Bay Yacht Club at El Carmel Point; Mission Bay Aquatic Center and Tower Beach Club at Santa Clara Point, along with its Playground + Athletic Fields/Courts (et al.); dining; bars; and Belmont Park.
Location
State CA
County San Diego
Community Biking/Hiking Trails
Area Coastal South
Interior
Heating Fireplace
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 423-616-07-00
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Call Agent
Virtual Tour https://www.propertypanorama.com/instaview/snd/260015976
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Listed by Joseph A Burrough, DRE#02014504 Palma Commercial
Nearby School & Business
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