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3721-25 Riviera Drive
Coastal South San Diego 92109

$3,495,000
2-4 Units 5,002 sq. ft. built: 1965

Main Photo: PACIFIC BEACH Property for sale: 3721-25 Riviera Drive in San Diego
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Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
250024477
Year Built:
1965
This turnkey triplex in Crown Point is a rare investment opportunity, offering exceptional short-term rental and long-term cash flow potential. Completely upgraded with modern finishes and featuring exterior and interior renovations throughout, this property is move-in ready and optimized for maximum rental income. The front detached 3-bed, 2-bath home along Riviera Drive provides the perfect owner-occupant opportunity while generating passive income from the two additional units in the back. A two-level 2-bed, 2-bath unit and a single-level 1-bed, 1-bath unit sit behind, both boasting Mission Bay views and highly desirable layouts for vacationers and long-term tenants alike. The property’s recent updates enhance both aesthetic appeal and functionality, making it a high-demand rental in one of San Diego’s most sought-after coastal neighborhoods. With two enclosed two-car garages, parking is never an issue—a major advantage in this beachside community. The prime location places residents just steps from the bay, allowing easy access to water activities, scenic bike paths, and local hotspots. Crown Point remains one of San Diego’s strongest rental markets, attracting both year-round tenants and high-dollar vacation renters. This multi-unit property delivers turnkey convenience, modern upgrades, and exceptional investment upside, making it a must-see for any savvy investor looking to capitalize on the beach and bay lifestyle.
Total Floor Area:
5,002 sq. ft.
Lot Size:
4,000-7,499 SF
Number of Buildings:
1
Number of Units:
3
Year Built:
1965
Stories:
1 Story
Total Stories:
1
Market Area:
Coastal South
Community:
PACIFIC BEACH
County:
San Diego
Neighborhood Code:
Crown Point, Sail Bay
Name of Complex/Subdivision:
N/A
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
N/K
Other income:
0
Annual expense actual:
60500
Cap Rate.:
5.0
Gross Rent Multiplier:
18.0
Gross scheduled income:
316800
Unit Number for Unit 1:
3721
Finished Area for Unit 1:
1,200 sq. ft.
Bedrooms for Unit 1:
3
Number of bathrooms for Unit 1:
2
Full Bathrooms for Unit 1:
2
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
0.0
Total Rent for Unit 1:
0.0
Projected Rent for Unit 1:
15000.0
Garage for Unit 1:
Detached
Unit 1 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 1:
Yes
Unit Number for Unit 2:
3723
Finished Area for Unit 2:
1,000 sq. ft.
Bedrooms for Unit 2:
2
Number of bathrooms for Unit 2:
2
Full Bathrooms for Unit 2:
2
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
0.0
Total Rent for Unit 2:
6000.0
Projected Rent for Unit 2:
10500.0
Garage for Unit 2:
Attached
Unit 2 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 2:
Yes
Unit Number for Unit 3:
3725
Finished Area for Unit 3:
500 sq. ft.
Bedrooms for Unit 3:
1
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
0.0
Total Rent for Unit 3:
1000.0
Projected Rent for Unit 3:
7500.0
Unit 3 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 3:
Yes
Number of bathrooms for Unit 4:
0
Moorland Drive
Miscellaneous:
Dog Run
Exposure Front:
N/K
Exterior Features:
Stucco
Cooling:
None
Heating:
Forced Air Unit
Heating fuel:
Natural Gas
Number of Units with Cooling:
1
Number of Units with Dishwashers:
2
Number of Units with Dryers:
3
Number of Units with Fireplaces:
0
Number of Furnished Units:
3
Number of Units with Garages:
2
Number of Units with Patios:
1
Number of Units with Range/Oven:
3
Number of Units with Refrigerators:
3
Number of Units with Washers:
3
Roof:
Composition
Water district:
CITY OF SAN DIEGO
Security:
N/K
Fencing:
Full
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Conventional
Pets:
Yes
Parcel Number:
423-442-09-00
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Listed by Pacific Sotheby's Int'l Realty
Data was last updated May 8, 2025 at 05:10 PM (UTC)
Area Statistics
Listings on market:
31
Avg list price:
$2,495,000
Min list price:
$1,425,000
Max list price:
$16,750,000
Avg days on market:
38
Min days on market:
3
Max days on market:
542
Avg price per sq.ft.:
$556.16
These statistics are generated based on the current listing's property type and located in Coastal South. Average values are derived using median calculations.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego Multiple Listing Service, Inc.