3880 Bayside Walk*, San Diego, CA 92109

Property Description

The Sayer House, designed by legendary architect Rob Wellington Quigley, FAIA. An iconic Mission Beach duplex on the sand & bay offers incredible head-on views of Sail Bay. Here Quigley has created a casual & soulful beach house oozing with character & style. The main unit is 3 brs. and the lower unit is 2-brs. There is also a 1 br. penthouse/loft, 6 parking spaces (2- 2 car garages + 2 spaces). This income property is a once-in-a-lifetime opportunity and a rare & significant architectural triumph. The architecture of Rob Wellington Quigley has been increasingly growing in stature and this is especially true of his residential projects. He is among the most highly respected and significant architects in San Diego. His recent project, the New City Library in downtown San Diego, has been highly acclaimed and published. Quigley has also been the recipient of several AIA awards and honors nationally and locally. One has to experience the property to feel its soul and grace as designed by a master in the world of contemporary architecture. While truly a beach house in its casualness and incredible bay front location, its nonetheless a pedigreed and income-producing masterwork. Currently the gross rent multiplier is 11 X gross (actual rents for 3 units projected rents for owner's unit). Most Mission Beach rental properties are selling for 18 to 19 X gross, a fantastic value! As an income producer it has huge upside potential if adjusted to market rates either as a vacation rental or as a long term rental due to the fact that it has, over the years, been a family operated business and not professionally managed. Neighborhoods: Sail Bay Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 3880 Unit # for Unit 2: 3884 Unit # for Unit 3: 3880 Unit # for Unit 4: 3880 Number of Furnished Units: 2 Topography: LL