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Multifamily

Villa Azure

3879 Ocean Front Walk, San Diego, CA 92109

Listing Price: $7,975,000

Cap Rate
4.30%
Number of Units
1
Price/Unit
$7,975,000
Price/Gross SF
$2,818.02
Gross SF
2,830

Investment Overview

Marcus & Millichap is pleased to present Villa Azure! Villa Azure is one of the Most Iconic Luxury Beach Front Homes located on the boardwalk in Mission Beach, San Diego. Built in 2010 this amazing 2,830 Square Foot 5 Bedroom/5 Bath House has been operated historically as a Vacation Rental with nightly rates ranging from $2,000 to $3,000. Currently, the property is booked throughout the remainder of 2021 which is an excellent indicator of the quality of living spaces as well as the irreplaceable location. The house features 3 stories of living space all of which have panoramic views of the Pacific Ocean to the West & Mission Bay to the East. One of the most attractive features of the property is a Penthouse Lounge with a full kitchen and bathroom with a 360-degree view that sits well above the boardwalk allowing your guests to entertain in privacy with a view that is unlike any other. No expense was spared with the construction and design of Villa Azure including retractable windows on every level, electronic shades, ultra-high-end appliances, a fire pit with glass windbreaks, an oversized hot tub & furniture that fits perfectly. This would make an excellent primary or 2nd home or for the investor seeking cash flow they can continue to run the property as a full-time vacation rental with the potential to bring in over $720,000/year in rental income. Mission Beach is a destination vacation spot for tourists 365 days a year due to the amazing weather with an average temperature of right around 70 degrees. As mentioned above the property has a long history of being rented out almost every day of the year as a vacation rental so with proper management this property could offer an excellent cash flow vehicle with passive income. Mission Beach is one of the most popular Beach Vacation Rental Destinations for travelers across North America. The perfect climate attracts tourists 365 days a year. Mission Beach is a laid-back neighborhood whose namesake sands attract surfers, sunbathers, and volleyball players. A paved path curls around Mission Bay, a popular spot for water sports. Belmont Park is a small amusement park with a wooden roller coaster built in 1925, while SeaWorld San Diego has marine shows and up-close views of orcas and dolphins. Mission Boulevard is lined with casual cafes and eateries. The property is beautifully furnished with high-end furniture. The Home may be sold furnished depending on the Purchase Price.

Investment Highlights

  • Iconic Ocean Front Luxury Home
  • 360 Degree Ocean/Bay Views from Most Levels
  • 5BR/5Bath with tons of Indoor/Outdoor Space
  • Ultra-High End Finishes and Appliance Package
  • Plenty of Parking both Off-Street & Garage
  • Mostly Brand New Windows Installed 2021
  • Potential Vacation rental income over $720,000/year
  • The Home may be sold furnished depending on the Purchase Price.

Exclusively Listed By

Listing Price: $7,975,000

Cap Rate
4.30%
Number of Units
1
Price/Unit
$7,975,000
Price/Gross SF
$2,818.02
Gross SF
2,830

Investment Highlights

  • Iconic Ocean Front Luxury Home
  • 360 Degree Ocean/Bay Views from Most Levels
  • 5BR/5Bath with tons of Indoor/Outdoor Space
  • Ultra-High End Finishes and Appliance Package
  • Plenty of Parking both Off-Street & Garage
  • Mostly Brand New Windows Installed 2021
  • Potential Vacation rental income over $720,000/year
  • The Home may be sold furnished depending on the Purchase Price.

Investment Overview

Marcus & Millichap is pleased to present Villa Azure! Villa Azure is one of the Most Iconic Luxury Beach Front Homes located on the boardwalk in Mission Beach, San Diego. Built in 2010 this amazing 2,830 Square Foot 5 Bedroom/5 Bath House has been operated historically as a Vacation Rental with nightly rates ranging from $2,000 to $3,000. Currently, the property is booked throughout the remainder of 2021 which is an excellent indicator of the quality of living spaces as well as the irreplaceable location. The house features 3 stories of living space all of which have panoramic views of the Pacific Ocean to the West & Mission Bay to the East. One of the most attractive features of the property is a Penthouse Lounge with a full kitchen and bathroom with a 360-degree view that sits well above the boardwalk allowing your guests to entertain in privacy with a view that is unlike any other. No expense was spared with the construction and design of Villa Azure including retractable windows on every level, electronic shades, ultra-high-end appliances, a fire pit with glass windbreaks, an oversized hot tub & furniture that fits perfectly. This would make an excellent primary or 2nd home or for the investor seeking cash flow they can continue to run the property as a full-time vacation rental with the potential to bring in over $720,000/year in rental income. Mission Beach is a destination vacation spot for tourists 365 days a year due to the amazing weather with an average temperature of right around 70 degrees. As mentioned above the property has a long history of being rented out almost every day of the year as a vacation rental so with proper management this property could offer an excellent cash flow vehicle with passive income. Mission Beach is one of the most popular Beach Vacation Rental Destinations for travelers across North America. The perfect climate attracts tourists 365 days a year. Mission Beach is a laid-back neighborhood whose namesake sands attract surfers, sunbathers, and volleyball players. A paved path curls around Mission Bay, a popular spot for water sports. Belmont Park is a small amusement park with a wooden roller coaster built in 1925, while SeaWorld San Diego has marine shows and up-close views of orcas and dolphins. Mission Boulevard is lined with casual cafes and eateries. The property is beautifully furnished with high-end furniture. The Home may be sold furnished depending on the Purchase Price.

Exclusively Listed By

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