Investment Overview

The Zorbas Huffman Group of Marcus & Millichap is pleased to present a newly constructed 6-unit luxury multifamily property located at 3244 Clairemont Drive in the highly desirable Bay Park neighborhood of San Diego, CA 92117. Completed in 2025, this exceptional “Class A” asset offers a prime location in one of San Diego’s most vibrant and scenic urban communities. Bay Park is renowned for its picturesque surroundings, nestled between the natural beauty of Tecolote Canyon Natural Park and the recreational allure of Mission Bay Park, providing residents with a perfect blend of outdoor adventure and urban convenience. The property features a carefully curated unit mix, including one 2-bedroom/2-bath unit (831 sq ft), two 2-bedroom/2-bath units (852 sq ft each), and two 2-bedroom/1-bath units (805 sq ft each). Designed with contemporary finishes and high-end amenities, this property delivers a premium living experience tailored to professionals, students, and small families seeking a balance of modern comfort and access to nature. Its strategic location in Bay Park offers seamless connectivity via Interstate 8, placing key destinations like Downtown San Diego (7 miles), San Diego International Airport (6 miles), and the University of San Diego (3 miles) within a short commute. Bay Park is considered “Very Walkable,” with residents enjoying easy access to gourmet dining along Morena Boulevard, local favorites like Luce Bar & Kitchen, and recreational hotspots such as Tecolote Canyon Golf Course and Playa Pacifica Park. Mission Bay Park, just minutes away, offers surfing, sunbathing, and dog-friendly beaches, making it a haven for outdoor enthusiasts. The neighborhood’s proximity to the University of San Diego, enrolling over 8,000 students, enhances its appeal to a diverse tenant base and supports a robust rental market, bolstered by the area’s $1.5 billion annual economic impact from the university and nearby employment hubs. This property presents a rare opportunity for investors to acquire a luxury asset in Bay Park, a submarket experiencing strong rental demand driven by its unique blend of natural beauty, recreational amenities, and urban accessibility. The new owner will benefit from the property’s proximity to top-tier schools in the San Diego Unified School District, local shopping, dining, and employment centers, as well as its exemption from AB-1482 rent control measures for 15 years. With its modern design, strategic location, and strong economic fundamentals, this asset is poised to deliver long-term value in one of Southern California’s most desirable coastal communities.