Sold Price:

$4,100,000

Proforma Cap Rate:

4.46%

Price/SF:

$961.54

Price/Unit:

$531,250

Gross Building Area:

4,420 SF

Lot Size:

4,571 SF

Status:

Closed

Submarket:

Central, Coastal

Property Type:

Apartments

Strategy:

Value Add

The Bove Group is pleased to present 3314 Mission Boulevard, San Diego, California 92109, a true developer’s delight. The property is comprised of a mix of six (6) 2BR/1BA units, one (1) 1BR/1BA unit, one (1) studio, and a storage room. 3314 Mission Boulevard also benefits from ample parking with one extra-long tandem space, five single spaces, and two garages, one being used as a laundry room and storage. 

The property is located in Mission Beach, the narrow strip of land between Mission Bay and the Pacific. Mission Bay and San Diego Bay adorn the edge of the city like sparkling gems, and the 4,600-acre Mission Bay Aquatic Park is the centerpiece of it all. The area is filled with surfing shops, t-shirt stores and funky beach bars, and there’s a 3-mile oceanfront boardwalk that rivals Venice Beach for people watching. At Belmont Park, classic amusement rides include the Giant Dipper wooden roller-coaster and FlowRider Wave House, as well as rock climbing, bumper cars, miniature golf and arcade games. 

Mission Bay also has 27 miles of water’s-edge pathways, perfect for walking and cycling, and at the end of South Mission Beach Park you can cast a line from the Mission Beach jetty. 

Listed By:

Aaron Bove
Senior Vice President, Investments
aaron.bove@marcusmillichap.com
(858) 373-3237