$8,000,000

OPPORTUNITY, OPPORTUNITY, OPPORTUNITY! Unparalleled Investment opportunity to own beachfront property in San Diego! This crown jewel is located right on Mission Bay in Pacific Beach, just a stone's throw from scenic Fanuel Park and Sail Bay with all the shopping, dining and nightlife Pacific Beach has to offer. La Palma Owners Association leases the land with ten beautiful condominiums located on the property. The land lease agreement expires Nov 27, 2027. Possible future opportunities may include, Renewal of land lease, long-term rentals, Airbnb rentals (STVR License Required), redevelopment, or sale of existing townhomes and underlying land. LOCATION, LOCATION, LOCATION! Just minutes from downtown San Diego's Sea World, Mission Bay Park with breathtaking sunsets. The 4,600-acre aquatic playground is the largest of its kind in the world. Surrounded by 27 miles of meandering shoreline, with a variety of waterways, inlets and islets to explore, Mission Bay is bordered by several beach communities, each with their own distinct vibe. You will quickly discover that this bustling bay area is action-packed from sunup to sundown.