Discover a rare trophy opportunity on the iconic Mission Beach boardwalk: 3449 Ocean Front Walk, the ONLY 6-unit, 4-story oceanfront building with no HOA and white papers ready for condo conversion. Fully rebuilt in 2023-2025 with a $2M+ studs-out remodel—including new roof, plumbing, electrical, HVAC, impact windows, designer kitchens/baths, Euro-oak floors, and glass railings—this irreplaceable 30ft-wide lot offers unmatched panoramic surf-to-skyline and bay views from the ONLY true 4th-floor penthouses soaring above the 30ft height cap. Property Highlights: Six identical 2BR/2BA ~1,100 SF luxury units, each with private oceanfront and back bay balconies. Garage provides 8 single parking spaces (no tandem) plus a shared oceanfront patio directly on the boardwalk. Operational flexibility: Top 4 units vacation-rental ready (pro formas project ~$137K gross each for middle floor, ~$171K for penthouses); bottom 2 long-term leased at $5,995/mo each, preserving transferable Tier-2 STR permits. Total projected Gross Scheduled Income: $761K | 17.02 GRM | 3.56% CAP Rate. Massive upside: Activate condo map (ready in 6-9 months) and sell individually—bottom 4 at $2.45M each, top 2 penthouses at $2.8M each—for ~$2.45M potential profit, aligned with 2024-2025 comps (e.g., similar oceanfront condos sold up to $2.812M, and those weren't brand new). In a supply-starved market where oceanfront buyers are typically all-cash or 50%+ down, this asset delivers immediate cash flow, long-term hold value, or quick profit condo sales potential. No deferred maintenance, no comparables left to build—hold as a legacy multi-family, operate as premium luxury rentals, or capitalize on condo sales. View full details on LoopNet or contact me to schedule a private showing of the top units. Let's discuss how this once-in-a-generation Mission Beach gem fits your portfolio.