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.
Sold for $4,645,000 on 08/29/25
$4,645,000
3536-40 Bayside Walk, San Diego, CA 92109
8beds
--sqft
Multi Family
Built in 1970
-- sqft lot
$4,654,400 Zestimate®
$--/sqft
$6,833 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: August 29, 2025 at 04:29pm
Listed by:
Peter Middleton DRE #01224842 858-258-7383,
eXp Realty of California Inc,
Andrea Fulop DRE #02009450 858-888-6115,
eXp Realty of California Inc
Bought with:
Benjamin Smith, DRE #02176703
eXp Realty of California, Inc.
Source: SDMLS,MLS#: 250031469
Originating MLS: San Diego Association of REALTOR
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Cooling
- N/K
Interior area
- Total structure area: 4,480
Property
Features
- Levels: 3 Story
- Pool features: N/K
- Spa features: N/K
- Fencing: Gate,Partial
- Has view: Yes
- View description: Bay, City, Evening Lights, Panoramic
- Has water view: Yes
- Water view: Bay
- Frontage type: Bay
Lot
- Size: 3,049 sqft
Details
- Parcel number: 4236131100
- Zoning: R-4
- Zoning description: R-4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood/Stucco
- Roof: Other/Remarks
Condition
- Year built: 1970
Utilities & green energy
- Water: Meter on Property
- Utilities for property: Sewer Connected
Community & neighborhood
Security
- Security features: N/K
Location
- Region: San Diego
- Subdivision: MISSION BEACH
Other
Other facts
- Listing terms: Cash,Conventional,VA
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Estimated market value
$4,654,400