Greg Cummings San Diego Real Estate Agent - 858-206-9500
San Diego Condo ManiaMLS: 250018703 $1,448,000
3 Bedrooms with 2 Baths3850 RIVIERA DRIVE UNIT 3B
SAN DIEGO CA 92109MLS: 250018703
Status: ACTIVE
List Price: $1,448,000
Price per SQFT: $944
Square Footage: 15343 Bedrooms
2 Baths
Year Built: 1960
Zip Code: 92109
Listing Remarks
Top floor Beach and Bay front condo on the Bay. Beautiful ocean views, sunsets, direct access to the beach on the bay and ocean breezes is what you’ll be able to enjoy from this bay front condo! 3 bedrooms, 2 baths, in suite washer and dryer, an oversized living room and master bedroom with bay views, private deck and TWO separate parking spaces are what this amazing home has to offer. Rare opportunity to purchase prior to fee simple conversion. Buyer captures $600k+ equity gap once conversion completes. Neighboring waterfront condos without land leases have recently sold between $1,300–$1,400 per sq ft, placing the potential post-conversion value of this home near $2M+. With the land buyout confirmed and in contract, and being less than $500k, buyers purchasing now can capture substantial equity upside as the building converts to full ownership. Land lease additional cost will be saved by locking in a lower tax rate prior to the increase in value. Once the land purchase closes, opportunities to buy in this building may disappear for years. Seller will review offers prior to the next price adjustment as the land conversion progresses. The complex is on the boardwalk and features a pool, large common area and huge view veranda, perfect for people watching during the summer and enjoying our beautiful sunsets. Property is on a land lease but is intended to be bought out. Current lease does not expire for 38 more years estimated. Perfect spot for a vacation hideaway or has been primary home for 10 years of current owners. Raising 2 children in 3 bedroom condo on the beach.
Address: 3850 RIVIERA DRIVE UNIT 3B SAN DIEGO CA 92109
Listing Agent: CRAIG J BAUMAN of CRAIG J. BAUMAN 858-633-3063
Condo Mania Agent
Greg Cummings
Compass Real Estate
Team Lead CA DRE# 01464245
Phone: 858-206-9500
Request More Information
Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: N/K BEDROOMS: 3 BATHROOMS FULL: 2 BATHROOMS HALF: 0 LIVING AREA SQ FT: 1534 BUILDING AREA TOTAL: 1534 YEAR BUILT: 1960 HOA FEES FREQUENCY: Monthly HOA FEES: $770 HOA INCLUDES: Common Area Maintenance, Exterior (Landscaping), Exterior Bldg Maintenance, Gas, Hot Water, Propane, Sewer, Trash Pickup, N/K, Utilities, Pest Control APPLIANCES INCLUDED: Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Electric Stove, Electric Cooking BUILDING NAME: CONDOMINIUM CONSTRUCTION: Concrete HEATING: Forced Air Unit COOLING: Energy Star LAUNDRY FEATURES: Electric # GARAGE SPACES: 2 PARKING FEATURES: Assigned, Gated, Community Garage, Direct Garage Access PETS ALLOWED Y/N: Allowed w/Restrictions PROPERTY TYPE: Residential PROPERTY SUB TYPE: All Other Attached ROOF: Common Roof POOL FEATURES: Below Ground STORIES TOTAL: 1 NUMBER OF UNITS TOTAL: 12 LISTING AGENT: CRAIG J BAUMAN LISTING OFFICE: CRAIG J. BAUMAN LISTING CONTACT: 858-633-3063
Estimated Monthly Payments
List Price: $1,448,000 20% Down Payment: $289,600 Loan Amount: $1,158,400 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $7,322 Estimate does not include taxes, fees, insurance.
Request More Information
Property Location: 3850 RIVIERA DRIVE UNIT 3B SAN DIEGO CA 92109
This Listing
Active Listings Nearby
Condo Mania Agent
Greg Cummings
Compass Real Estate
Team Lead CA DRE# 01464245
Phone: 858-206-9500
The Fair Housing Act prohibits discrimination in housing based on color, race, religion, national origin, sex, familial status, or disability.
“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 MLS. 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 © 2026 San Diego MLS.”
Last Updated: 2026-03-16