$ 9,600,000
1050 1060 Scott St San Diego, CA 92106
Schedule a Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 9,600,000
Est. payment /mo
Active
1050 1060 Scott St San Diego, CA 92106
10,077 Sqft Lot
UPDATED:
09/20/2024 09:09 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNDP2405898
Originating Board California Regional MLS
Year Built 2002
Lot Size 10,077 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 a
Location
State CA
County San Diego
Area 92106 - Point Loma
Interior
Laundry Other, Washer, Dryer
Exterior
Garage Spaces 23.0
Pool None
Others
Tax ID 5313730500
Special Listing Condition Not Applicable
© 2024 MLSListings Inc. All rights reserved.
Listed by Ava Khamooshi • AK Broker
GET MORE INFORMATION
QUICK SEARCH