$4,999,999

3536-40 Bayside Walk San Diego, CA 92109

Mission Beach Neighborhood

Estimated payment $32,907/month

Total Views 998
8 Beds
6 Baths
4,480 Sq Ft
$1,116 Price per Sq Ft

Highlights

  • Property Fronts a Bay or Harbor
  • Gated Home
  • West of 5 Freeway
  • Pacific Beach Elementary School Rated A-
  • Level Lot

About This Home

Rare Bayfront Triplex directly on the sandy shores of Mission Bay—an exceptional opportunity to live in one unit and rent the other two, or build your dream Bayfront estate. Enjoy breathtaking sunrise views, peaceful walks along the bay, and quick access to the surf across the street. At night, take in SeaWorld’s fireworks from the two lower patios or upper balcony. Ideally located near Mission Bay Yacht Club, Aquatic Center, Belmont Park, and all Mission Beach attractions. All three units are currently operating as short-term rentals (approx. $325K gross annual income, $50K expenses) with tenant occupancy and full interior remodels completed in 2022. New STR permit process, permits do not transfer. The 4,480 sq ft building, built in 1970, is in good condition with parking, newer roof (less than 10 yrs old), and new water heater. Recent upgrades include: new dishwasher and BBQ in unit 3540, freshly painted interior and exterior with excess wiring removed, all furniture and carpets replaced in all three units, new mattresses and pillows throughout, repaired cabinets, most light fixtures replaced, updated shower valves, new faucets, five new TVs, routers, inspected washer/dryer, repaired Medeco locks, new patio set (3536), exterior lighting (3534/3536), new smoke detectors, fire extinguishers, and updated electrical outlets.

Listing Agent

Peter Middleton

eXp Realty of California, Inc. License #01224842

eXp Realty of California, Inc.

Co-Listing Agent

Andrea Fulop

eXp Realty of California, Inc. License #02009450

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 3,217 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Gated Home
  • Partially Fenced Property
  • Level Lot

Property Views

  • Bay
  • Panoramic
  • City Lights

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Additional Features

  • 3-Story Property
  • West of 5 Freeway
  • Separate Water Meter

Community Details

  • 3 Units
  • Net Operating Income $275,000

Listing and Financial Details

  • Vacation Rental by Owner
  • Assessor Parcel Number 423-613-11-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Nahant and Monterey
  • Neighborhood: Mission Bay
  • Stories: 3 Story
  • Total Stories: 3
  • Year Built: 1970
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Boat Facilities: No/Unknown
  • Exterior Material: Wood/Stucco
  • Fencing: Gate, Partial
  • Frontage: Bay
  • View: Bay, City, Evening Lights, Panoramic

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property

Condo/Co-op/Association

  • Community: MISSION BEACH

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-4
  • Assessor Parcel Number: 423-613-11-00
  • Estimated Lot Sq Ft: 3217
  • Estimated Number of Acres: 0.07

Rental Info

  • Vacation Rental By Owner: Yes

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 275000
  • Annual Expense Actual: 50000
  • Gross Rent Multiplier Actual: 6.0
  • Gross Sched Income Actual: 325000
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Fireplaces: 3
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2025 04/22/25 For Sale $4,999,999 -- $1,116 / Sq Ft
Source: San Diego MLS

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See All Homes in San Diego

Source: San Diego MLS

MLS Number: 250025089

San Diego MLS

California San Diego County San Diego 92109 Mission Beach

3536-40 Bayside Walk, San Diego, CA

Homes for Sale in San Diego, CA

This home is located at 3536-40 Bayside Walk, San Diego, CA 92109 and is currently priced at $4,999,999, approximately $1,116 per square foot. This property was built in 1970. 3536-40 Bayside Walk is a home located in San Diego County with nearby schools including Pacific Beach Elementary School, Pacific Beach Middle, and Mission Bay High School.

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Peter Middleton
Listing Agent
Peter Middleton
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eXp Realty of California, Inc.
(858) 922-3377