1466 72 Pescadero Dr

San Diego, CA 92107

$3,500,000

Sold Price
N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1955

calendar_month Built

Property Description

SELLER FINANCING AVAILABLE. Experience the captivating charm of oceanfront living with this extraordinary property perched on the edge of Sunset Cliffs, offering a rare opportunity to invest in premium real estate in San Diego. Comprising four units, this unique property features two identical buildings, each containing two thoughtfully designed units. Every unit includes one bedroom, one bathroom, a private living area, and a fully equipped kitchen, reflecting the pinnacle of luxurious coastal living. For those with a vision for development, this property is located within a Transit Priority Area and falls under the Complete Communities Initiative, providing a 2.5x Floor Area Ratio (FAR) with no parking requirements. This feature makes the property a prime candidate for expansion or further development. Adding to its appeal is a preexisting seawall, offering protection and stability against coastal erosion and ensuring the property's longevity. With redevelopment in mind, proposed plans for this site include converting it into a stunning three-story apartment complex, providing ample opportunity to create a truly remarkable oceanfront living experience. Embrace the beauty of coastal life and take advantage of this outstanding investment opportunity in San Diego's prestigious oceanfront real estate market.

Listing Information

Close Price $3,500,000
Close Date Friday, August 30th, 2024
Status Closed
MLS 240015930SD
HOA $0
Type Residential Income
Year Built 1955
Lot Size 8,389
Structure Size N/A
DOM 29
Courtesy Of eXp Realty of California, Inc.
Listing Agent Marena Aon DRE#02136839
Co-Listing Agent Adrian Quijano DRE#02142679

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Marena Aon, Adrian Quijano, eXp Realty of California, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 31st, 2024 at 1:32 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.