I’m coming to you today from beautiful Mission Bay in San Diego and I’ve got three properties for sale here on the Bayfront that are very unique. They will provide buyers and investors with a lot of options, and I’d like to talk about each of them today.
The first one we’ve got is 3291 Bayside Walk. It’s a three-bedroom, 3 ½ bathroom home that sits on a 5,000 square foot lot. That’s almost double the size of a normal lot. If you were to build here, you could build up to a 5,500 square foot home because of San Diego’s 1.1 FAR, or floor area ratio. That means you can build a property that is 110% the size of the lot. With this lot, you can also build a three-story condo complex. Either way you do it, you’ll end up with real estate that’s valued over $6 million. Our asking price is just $3.25 million.
The next property is 3286 and 3288 Bayside Walk. It has a two-bedroom, two-bathroom unit up front and a one-bedroom, one-bathroom unit in the back. The home is in its original condition from the 1950s, so it will need some work. It has generated rent in the past, but not enough to pay for the land value. This will need a tear-down and re-build.
Buyers and investors have lots of options.
The lot is about 3,180 square feet, so that tells me you can build a single-family home or a two-unit condo that totals around 3,500 square feet. The resale value on that would be approximately $3.9 million, asking price is $2.275 million.
Finally, we have 2774 Bayside Walk. This property is in South Mission Beach and unlike the other two, it’s completely ready to go. This beautiful ground-level condo is fully furnished and move-in ready. This is a fantastic vacation rental house or second home. All you need to bring is your toothbrush and you’re good to go. Asking price is $1,429,000.
As you can see, there are a lot of distinct options for you on the Bayfront today. If you have any questions about these properties or anything else relating to real estate in San Diego, don’t hesitate to give me a call or send me an email. I look forward to hearing from you!