$9,600,000
1050 Scott St San Diego, CA 92106
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$9,600,000
Est. payment /mo
13,296 SqFt
UPDATED:
09/20/2024 11:18 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 13,296 sqft
Price per Sqft $722
MLS Listing ID CRNDP2405898
HOA Y/N No
Year Built 2002
Lot Size 10,077 Sqft
Acres 0.23
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 a
Location
State CA
County San Diego
Area Listing
Zoning Res
Interior
Fireplace No
Appliance Dryer
Laundry Dryer, Washer, Inside
Building
New Construction No
Others
Tax ID 5313730500
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Listed by Ava Khamooshi • AK Broker
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122