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.
Property Details
Price:
$1,398,000
MLS #:
250018703SD
Status:
Active
Beds:
3
Baths:
2
Type:
Condo
Subtype:
Condominium
Subdivision:
Crown Point
Neighborhood:
92109pacificbeach
Listed Date:
Feb 12, 2025
Finished Sq Ft:
1,534
Year Built:
1960
See this Listing
Schools
Interior
Appliances
DW, GD, ES, EO, ER, ELC
Bathrooms
2 Full Bathrooms
Cooling
ES
Heating
ELC, FA
Laundry Features
ELC
Levels
A
Exterior
Construction Materials
CON
Garage Spaces
2
Parking Spots
2
Parking Total
2
Roof
COM
Financial
HOA Fee
$770
HOA Fee Frequency
MO
Map
Community
- Address3850 RIVIERA DRIVE #3B San Diego CA
- SubdivisionCrown Point
- CitySan Diego
- CountySan Diego
- Zip Code92109
Subdivisions in San Diego
- Bay Park
- BP
- Campo
- Carmel Mountain Ranch
- Carmel Valley
- CAV
- Chula Vista
- City Heights
- Civita CIVI
- Clairemont
- Clifton Heights CLFH
- COL
- College Grove
- Coronado Shores
- Coronado Village
- Crown Point
- Del Cerro
- Del Mar
- Downtown
- Downtown DT
- DWTN
- East Del Mar
- East Escondido
- East San Diego
- El Cajon
- Emerald Hills EMER
- Encanto
- ENCTO
- ESD
- Hampton Place HAMP
- HI
- High Country 780
- Hillcrest
- Horizon HORZ
- Imperial Beach
- Kearny Mesa
- Kensington
- Knightsbridge KBRG
- La Jolla
- La Mesa
- Lemon Grove
- Linda Vista
- Logan Heights
- LV
- MB
- Middletown
- Mira Mesa
- Mirador MIRD
- Mission Beach
- Mission Greens R1 MG
- Mission Hills
- Mission Valley
- Mission Village
- MV
- National City
- Normal Heights
- North Park
- NP
- OB
- Ocean Beach
- Ocean View Terrace OVTR
- Old Town
- Pacific Beach
- PalaciMaPD
- Paradise Hills
- PH
- Point Loma
- Poway
- Presidio PRES
- Rancho Bernardo
- Rancho Pacifica 1 261701
- Rancho Penasquitos
- Rancho Santa Fe
- RB
- Regency Villas RGVL
- Sabre Spr
- San Carlos
- San Diego
- San Ysidro
- SANT
- Santaluz
- Scripps Ranch
- SD
- Serra Mesa
- Solana Beach
- South Sd
- Spring Valley
- Stonecrest 892
- Talmadge
- The Heights
- TheBluffs2
- Tierrasanta
- Torrey Highlands
- Trails of Rancho Bernardo
- UC
- University City
- University Heights
Market Summary
Property Summary
- Located in the Crown Point subdivision, 3850 RIVIERA DRIVE #3B San Diego CA is a Condo for sale in San Diego, CA, 92109. It is listed for $1,398,000 and features 3 beds, 2 baths, and has approximately 1,534 square feet of living space, and was originally constructed in 1960. The current price per square foot is $911. The average price per square foot for Condo listings in San Diego is $689. The average listing price for Condo in San Diego is $751,180. To schedule a showing of MLS#250018703sd at 3850 RIVIERA DRIVE #3B in San Diego, CA, contact your Pacific Sotheby’s International Realty agent at 6193633000.
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3850 RIVIERA DRIVE #3B
San Diego, CA