Active

1050 Scott St

Point Loma CA, 92106

$9,600,000


Active

12 Beds

Multi-family

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, shopp

NDP2405898

MLS ID

July 6, 2024

Listed

October 2, 2024

Updated

Map

1050 Scott St
Point Loma CA, 92106

Interior Features

Total Stories

2


Bedrooms

12


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.23 Acres


Lot Features

Curbs, Sidewalks

Other Property Details

Days on Market

79


Garage

No


View

No


County

San Diego


Pool

No


Pool Features

None


Zoning

Assessor

Listing History

Date

Event

Price

7/6/2024

Price change

$9,600,000

118%

Listed by AK Broker, Ava Khamooshi,
Listing Contact: 858-290-7242 

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Data last updated 5:06 AM UTC, 10/2/2024

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