$ 9,600,000
1050 1060 Scott St San Diego, CA 92106
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$ 9,600,000
Est. payment | /mo
10,075 Sqft Lot
$ 9,600,000
Est. payment | /mo
10,075 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2405898
HOA Y/N No
Year Built 2002
Lot Size 10,075 Sqft
Property Description
Welcome to 1050-1060 Scott St, an unparalleled investment opportunity in the heart of the prestigious Point Loma Marina area! This extraordinary 8-unit residential income property comprises eight luxurious two-story townhouses, each offering 3 bedrooms, 2.5 baths, plus a versatile optional 4th bedroom. Built in 2002, this gem boasts a prime location, mere minutes from Downtown San Diego, Ocean Beach, and the breathtaking Sunset Cliffs. Enjoy the perfect synergy of urban convenience and coastal serenity. Currently yielding a robust 4% cap rate with tremendous potential for increased returns through short-term rentals or Airbnb, possibly boosting the cap rate to an impressive 7%+. This property is a financial powerhouse waiting for the right investor to unlock its full potential. Each unit is thoughtfully designed with hardwood flooring, spacious layouts, master bedrooms with en-suite bathrooms, and convenient in-unit laundry facilities. The recent exterior stucco renovations enhance its stunning curb appeal, while the overall condition offers a unique opportunity for personalized upgrades. The expansive layout provides ocean views from the second floor of most units, making it an irresistible draw for discerning tenants. Residents enjoy the convenience of underground parking and ample street parking. Situated just a block from the Bay and Shelter Island Drive, this property is perfectly positioned near the San Diego Yacht Club, Liberty Station, Silver Gate Yacht Club, and the serene Lucy Evans Memorial Garden. The vibrant Point Loma Village offers a plethora of dining, shopping, and outdoor activities, including the iconic Sunset Cliffs Natural Park, renowned for its hiking trails, tide pooling, and breathtaking sunset vistas. With no HOA or Mello-Roos fees, this property stands as an exceptional investment in one of San Diego’s most sought-after neighborhoods. Whether you're looking to capitalize on immediate income or enhance the property to maximize future returns, this is your chance to own a prime piece of real estate in the thriving Point Loma market. Seize this rare opportunity to own a prestigious income property in the highly coveted Point Loma Marina area. Act now and let your investment dreams set sail with 1050-1060 Scott St!
Location
State CA
County San Diego
Area 92106 - Point Loma
Zoning Res Income 2-4 Units/ R3/
Interior
Fireplace No
Appliance Dryer, Washer
Laundry Inside
Exterior
Garage Spaces 23.0
Garage Description 23.0
Pool None
Community Features Curbs, Street Lights, Sidewalks, Urban
View Y/N No
Total Parking Spaces 23
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
New Construction No
Others
Senior Community No
Tax ID 5313730500
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Ava Khamooshi • AK Broker • 619-212-0856
Making real estate fast, fun and stress-free!