Property Detail

Description

RARE TROPHY ASSET—the only 6-unit, 4-story oceanfront building in Mission Beach with no HOA and white papers in hand for a condo map. Six identical 2 BR / 2 BA ~1,100 SF residences span an irreplaceable 30 FT-wide lot, crowned by the ONLY true 4th-floor penthouses in MB—soaring above the 30-ft height cap for panoramic surf-to-skyline views AND the bay! From studs out, the property underwent a $2 M+ fully permitted rebuild (2023): new roof, plumbing, electrical, HVAC, structural beams and framing, impact windows, glass sliding doors, smooth stucco, designer kitchens, spa baths, Euro-oak floors, and glass balcony railings that vanish into the horizon. Garage yields 8 on-site parking spaces (All single no tandem) plus shared oceanfront patio directly on the boardwalk AND each unit has its own oceanfront balcony + back balcony facing the bay. Operational flexibility & upside: • Vacation-rent all 4 upper units for maximum cash flow—pro formas exceed $760 K GSI. • Maintain existing two long-term leases in 2nd-floor units to preserve Tier-2 STR permits, while operating the top four as premium short-term rentals. • Sell-off strategy: activate the condo map and disposition units individually in a high-velocity market hungry for turnkey new build oceanfront condos. No HOA dues, no deferred maintenance, and no comparable site left to build. Whether held as a legacy multi-family asset, operated as a boutique luxury rental stack, or condo sales for immediate profits, 3449 Ocean Front Walk offers a once-in-a-generation chance to control the trophy of Mission Beach.