3492 Bayside Lane, San Diego, California 92109, San Diego, 92109 - 0 bed, 0 bath
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San Diego, California 92109
This Residential Income Duplex represents a High-Potential Investment Opportunity, listed at $2,195,000—positioned slightly above the $2,116,275 Fair Market Value. Featuring a Condition Rating of 3, this turnkey asset offers immediate rental utility with two separate meters and addresses. The property boasts panoramic views of Mission Bay, a private patio, and a prime coastal location ideal for high-yield short-term rentals. This versatile layout is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to offset mortgage costs through flexible rental strategies.
Prime Mission Beach duplex for sale. 5-bed, 4-bath income property with panoramic bay views, dual meters, and turnkey rental potential. Ideal for investors.
Property is move-in ready.
Built in 1960 but significantly updated, likely within the last 15-20 years. The kitchens feature functional oak cabinetry and white appliances, and the bathrooms are well-maintained with pedestal sinks. The property is move-in ready and optimized for short-term rentals, featuring newer vinyl windows and durable flooring, though the interior aesthetic is becoming dated.
Situated in the heart of Mission Beach, the property offers exceptional proximity to both Mission Bay and the Pacific Ocean, making it a highly desirable destination for high-yield vacation rentals and beach enthusiasts.
With two separate addresses, individual utility meters, and a proven history of short-term and long-term rentals, this duplex provides maximum flexibility for owner-occupants or savvy investors looking to maximize cash flow.
The property comes fully furnished with in-unit laundry and private outdoor spaces for both units, allowing for immediate occupancy or rental income without the need for additional capital outlay for furnishings.
The attached garage is limited to small or medium-sized vehicles, which is a significant drawback in a high-density beach area where street parking is notoriously difficult to find.
With only 1,852 square feet distributed across five bedrooms and two separate units, the interior layout may feel cramped, potentially limiting the appeal for tenants or guests seeking more spacious living areas.
Discover 3492 Bayside Lane, a fully furnished 5-bedroom, 4-bathroom duplex in the heart of Mission Beach. The downstairs unit at 815 El Carmel Place offers 3 bedrooms, 2 bathrooms, and a spacious stamped concrete front patio, while the upstairs unit features 2 bedrooms, 2 bathrooms, including separate master suites with en-suite baths and a private outdoor patio. Additional perks include in-unit laundry and attached garage parking for one small to medium car for Each unit. The home also features 2 separate addresses, 2water meters/2Gas Meters for easy rental. Just steps from Mission Bay and a short walk to the Pacific Ocean, enjoy easy access to restaurants, shops, water sports, Belmont Park, and SeaWorld. Ideal for owner-occupants, live in one unit and rent the other; the property operates as a STR during summer and long-term rental the rest of the year—perfect for maximizing income in this prime beachside location.
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades K-5 • 2.1 mi
Grades 6-8 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,852 | 1,962 |
| Lot Size | 2,178 | 7,200.5 |
| Price | $2.19M | $984.4K |
| Price per sq ft | $1.2K | $614 |
| Built year | 1960 | 1979 |
| HOA | $0 | $374 |
| Days on market | 44 | 43 |
Jun 8, 2026
$2,195,000
Initial Listing
Mar 24, 2021
$1,609,000
Public Record
May 23, 2018
$1,600,000
Public Record
Apr 4, 2000
$499,000
Public Record