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 2 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.null
For sale
Price cut: $250K (7/31)
$12,950,000
3449 Ocean Front Walk, San Diego, CA 92109
12beds
12baths
6,600sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$1,962/sqft
$-- HOA
What's special
Oceanfront patioOceanfront buildingOceanfront balconyDesigner kitchensEuro-oak floorsPanoramic surf-to-skyline viewsSpa baths
- 36 days
- on Zillow |
- 2,467 |
- 97 |
Zillow last checked: 7 hours ago
Listing updated: July 31, 2025 at 11:45am
Listed by:
Robert Brown DRE #01796328 858-397-3108,
Fantastik Realty
Source: SDMLS,MLS#: 250032138
Originating MLS: San Diego Association of REALTOR

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 12
Interior area
- Total structure area: 6,600
- Total interior livable area: 6,600 sqft
Video & virtual tour
Property
Features
- Stories: 3
Lot
- Size: 4,356 Square Feet
Details
- Parcel number: 4236240100
- Zoning: R-4:MULTIP
- Zoning description: R-4:MULTIP
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Community & HOA
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $1,962/sqft
- Date on market: 7/1/2025
- Loading
- Loading