Listing ID: 220006942
Price: $12,500,000
Status: ACTIVE
Address: 3046 Nimitz Blvd.
City: San Diego
State: California
Postal Code: 92106
SqFt: 9,258
County: San Diego
San Diego
PREMIER INVESTMENT OPPORTUNITY. A rare opportunity to acquire a luxury asset located in the heart of the coastal community of Point Loma. With perfect proximity to San Diego Bay, Shelter Island, trendy restaurants and the marina, this brand new (under construction) apartment offering features two buildings and 18 one-bedroom, one-bath units averaging 700 sq. ft. per unit. with attached garages. One unit has a carport and 17 units have attached garages. The community will have private rooftop decks with marina views, and private sun-filled balconies. Unit finishes to include 9' ceilings, stainless steel appliances, vinyl wood plank flooring and modern appointments. The location is within the Transit Priority Corridor, close to Liberty Station, Downtown San Diego and the airport. Property contains two parcels (APN 530-373-01 and 02) with approximately 9,258 sq. ft. Located at the intersection of Nimitz Blvd. and Locust St. with ingress/egress from both streets. Parcel 01 currently contains a single-family residence and garage. Parcel 02 is a vacant lot.

Primary Features

County: San Diego
Property Type: Commercial-Residential Income


Cooling: Central Forced Air Elec
Floor Covering: Vinyl
Heating: Central Forced Air Elec
Number of Baths (1): 1
Number of Bedrooms (1): 1
Number of Stories: 3
SqFt Source: Buyer to Verify, Tax Record
Stories: 3 Story
Unit Type: Apartment


Entry Only: Yes
Exterior: Fully Landscaped
Number of Buildings: 2
Number of Carports: 1
Number of Units: 18
Number of Units (1): 18
Number of Units w/Disposals: 18
Number of Units w/Garage: 17
Number of Units w/Ranges: 18
Number Units w/Dishwashers: 18


Country: United States
Market Area: Coastal South
Zip/Area: POINT LOMA (92106)


Amenities: None
Have: 18 units
Mandatory Remarks: None Known


Cap Rate Projected: 4.75
Price/Unit: 694444
Sale/Rent: For Sale
Sales Restrictions: Call Agent
Short Sale: no
Terms: Cash

Zoning Info

Area Info

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Listing courtesy of Allison James Estates & Homes

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