USACASan DiegoCrown Point3B-3850 Riviera Dr
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$1,448,000

For Sale

A year ago

3B - 3850 Riviera Dr, San Diego, CA

Condo

MLS® 250018703SD

3 Bed

2 Bath

1534 sqft

2 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Condominium
Levels Residential
Size 1534 sqft
Garage Yes
HOA Fees $770
Taxes 
Days Active 397
Approx. Age 1960
Avg. Price Per Sqft $943
MLS® Number 250018703SD

Property Address: 3b-3850 Riviera Dr, San Diego, CA, 92109-6614

Average square foot calculated using Size range provided by listing agent.

Description

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 you’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, 300–$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.
MLS® Number250018703SD
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelElectric Dryer Hookup
Exposure
Exterior
GarageYes
Approx. Age1960
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 12, 2025List Date
$1,448,000List Price
  • Commute

Commute

Starting Address
Destination Address
3850 Riviera Dr, San Diego, CA

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