1050 Scott St,
Home For Sale
Welcome to 1050 Scott St, a rare opportunity to own a 4-unit apartment community in the highly desirable Point Loma Marina area. Built in 2002, this property is perfectly located in close proximity of Downtown San Diego, Ocean Beach, and Sunset Cliffs, offering an ideal blend of urban convenience and coastal charm. The neighboring building at 1060 Scott St, another 4-unit property, is also for sale. The seller prefers to sell APNs 531-373-05-00 and 531-373-04-00 together. This property features four 3-bedroom, 2.5-bath townhouses with an optional 4th bedroom, currently generating a steady income with a 5% cap rate. There is potential for even higher returns through short-term rentals or Airbnb, potentially raising the cap rate up to 7%. The units boast hardwood flooring, spacious layouts, master bedrooms with en-suite bathrooms, and in-unit laundry facilities. With underground parking spaces and ample street parking, you enjoy both convenience and comfort. The property also features newly renovated stucco exteriors, adding to its curb appeal. Overall condition needs a little TLC. Situated on a 4,906 square foot lot, this community offers ocean views from the second floor of most units. The expansive layout and desirable location make it a perfect investment for those looking to enhance and customize the property to their taste. The building's current condition allows for immediate income while providing the opportunity for future renovations to maximize returns. Located in the heart of Point Loma Village, this property is just a block from the Bay and Shelter Island Drive.
Property Details
Additional Information
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- County:
- San Diego
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- Zip:
- 92106
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- MLS® #:
- NDP2405898
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- Bedrooms:
- 12
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- Lot Size:
- 0.11
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- Neighborhood:
- POINT LOMA (92106)
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Listing information last updated on July 6th, 2024 at 12:02pm PDT.