1050 1060 Scott St, San Diego, CA 92106 (MLS # NDP2405898)
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!
Property Type(s):
Residential Income
|
Last Updated
|
7/6/2024
|
Year Built
|
2002
|
|
Community
|
Point Loma
|
Garage Spaces
|
23.0
|
|
County
|
San Diego
|
Price History
|
Prior to Jul 5, '24
|
$4,400,000 |
| Jul 5, '24 - Today |
$9,600,000 |
Additional Details
| APPLIANCES |
Dryer, Washer |
| AREA |
Point Loma |
| GARAGE |
Yes |
| HOA DUES |
0 |
| LOT |
10077 sq ft |
| LOT DESCRIPTION |
6-10 Units/Acre |
| POOL DESCRIPTION |
None |
| STORIES |
2 |
| ZONING |
Res Income 2-4 Units/ R3/ |
Location
Listed with AK Broker
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 9/7/24 4:37 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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