1050 Scott Street

San Diego, CA 92106

$9,600,000
Price
12
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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....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 Diegos 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!
  1. Listed by Ava Khamooshi • DRE #02061463 • Brokerage DRE #02061463 • AK Broker
  2. Listed by Angelique Ghadishah • Brokerage DRE #02061463 • AK Broker

Property Details for 1050 Scott Street

Neighborhood
Point Loma
City Postal ID
POINT LOMA (92106)
LISTING UPDATED: 09/21/2024 04:43 AM

Property Details for 1050 Scott Street

StatusActive
MLS #NDP2405898
Days on Market135
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type2-4 Units
Year Built-
Lot Size0.23 AC / 10,075 SF
CountySan Diego County

Building Information for 1050 Scott Street

Stories2Residences-Year Built-Building Size-Lot Size0.23 AC / 10,075 SF

Property Information for 1050 Scott Street

Summary Information
Property and Location
  • System ID: 306211361
  • Class: 2-4 UNITS
  • Street Number Numeric: 1050
  • Street Name: Scott St
  • Directions To Property: GPS
HOA and Fees
  • Home Owner Fees: $0
  • CFD/Mello-Roos Fee: $0
  • CFD/Mello-Roos Fee Reflct: Year
Supplement
  • Supplement: 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 Diegos 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!
Interior and Exterior Features
Exterior Features
  • Pool: N/K
Property Information
Property and Assessments
  • Total Stories: 2
  • Entry Only: No
  • Lot Size: 7,500-10,889 SF
  • Lot Size Source: Assessor Record
  • Site: Curbs, Sidewalks
  • Zoning: Assessor
  • Assessors Parcel Num: 5313730500
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 1
  • Unit 1 Num of Bedrooms: 3
  • Unit 1 Num of Total Baths: 3
  • Unit 1 Rent Actual: $0
Unit 2
  • Unit Num for Unit 2: 2
  • Unit 2 Num of Bedrooms: 3
  • Unit 2 Num of Total Baths: 3
  • Unit 2 Rent Actual: $0
Unit 3
  • Unit Num for Unit 3: 3
  • Unit 3 Num of Bedrooms: 3
  • Unit 3 Num of Total Baths: 3
  • Unit 3 Rent Actual: $0
Unit 4
  • Unit Num for Unit 4: 4
  • Unit 4 Num of Bedrooms: 3
  • Unit 4 Num of Total Baths: 3
  • Unit 4 Rent Actual: $0

Property History for 1050 Scott Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1050 Scott Street

Taxable ValueLand$143,057Additions$638,493Total$781,550
Tax Record2024$9,633 ($803 / month)
Home Facts
Total Finished SqFt6,117 SqFtAbove Grade Finished SqFt6,117 SqFtLot Size4,906 SqFtStyleMiscellaneous AgriculturalYear Built2002ZoningSPECIAL AND/OCountySAN DIEGOAPN531-373-05-00

Schools near 1050 Scott Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Cabrillo Elementary School
PublicK to 4

Dana
Public5 to 6

Correia Middle School
Public7 to 8

Point Loma High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1050 Scott Street is a multi-family home for sale in San Diego, CA 92106. This property was listed for sale on July 4, 2024 by AK Broker, it's currently listed at $9,600,000. This listing's school district is San Diego Unified School District. Nearby schools include Cabrillo Elementary School, Dana and Correia Middle School. 1050 Scott Street is a 12-bed, 12-bath, multi-family home.

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Listing Courtesy of AK Broker, Ava Khamooshi, DRE #02061463; AK Broker, Angelique Ghadishah

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