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    1050 Scott Street

    Point Loma, CA 92106
    • $8,800,000
    • STATUS: ACTIVE
    • ON SITE: 92 days
    • ID#: 302952733
    UPDATED: 23 min ago
    $8,800,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2002
    County:

    School Ratings & Info

    Description

    8 unit multi-building 2 story complex built in 2002 and located in Point Loma Village. Prime location with low vacancy. Generates $31K/monthly rental income. Property consists of four 3 br/2.5 bath + den units ($4K rent/month each), two 3br/2.5 bath units ($3750 rent/month each), and two 2 br/2.5 bath + den units ($3700K rent/month each). Units range between 1400-1800 sq ft, totaling 13,296 rentable sq ft. Dens are large enough to be used as 4th bedrooms to allow for higher rents. Units feature washer/dry 8 unit multi-building 2 story complex built in 2002 and located in Point Loma Village. Prime location with low vacancy. Generates $31K/monthly rental income. Property consists of four 3 br/2.5 bath + den units ($4K rent/month each), two 3br/2.5 bath units ($3750 rent/month each), and two 2 br/2.5 bath + den units ($3700K rent/month each). Units range between 1400-1800 sq ft, totaling 13,296 rentable sq ft. Dens are large enough to be used as 4th bedrooms to allow for higher rents. Units feature washer/dryer hookups, carpet, and a gated underground parking for all tenants. This multi-family property is perfect for condo conversion as it is built to condominium specifications. Located blocks away from restaurants, harbor and Shelter Island.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
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    1050 Scott Street Point Loma, CA 92106

    • Price: $8,800,000
    • Status: ACTIVE
    • Updated: 23 min ago
    • ID#: 302952733
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    2002
    Built
    Neighborhood:
    Point Loma
    County:
    San Diego
    Area:
    Point Loma (92106)
    Property Description
    8 unit multi-building 2 story complex built in 2002 and located in Point Loma Village. Prime location with low vacancy. Generates $31K/monthly rental income. Property consists of four 3 br/2.5 bath + den units ($4K rent/month each), two 3br/2.5 bath units ($3750 rent/month each), and two 2 br/2.5 bath + den units ($3700K rent/month each). Units range between 1400-1800 sq ft, totaling 13,296 rentable sq ft. Dens are large enough to be used as 4th bedrooms to allow for higher rents. Units feature washer/dry 8 unit multi-building 2 story complex built in 2002 and located in Point Loma Village. Prime location with low vacancy. Generates $31K/monthly rental income. Property consists of four 3 br/2.5 bath + den units ($4K rent/month each), two 3br/2.5 bath units ($3750 rent/month each), and two 2 br/2.5 bath + den units ($3700K rent/month each). Units range between 1400-1800 sq ft, totaling 13,296 rentable sq ft. Dens are large enough to be used as 4th bedrooms to allow for higher rents. Units feature washer/dryer hookups, carpet, and a gated underground parking for all tenants. This multi-family property is perfect for condo conversion as it is built to condominium specifications. Located blocks away from restaurants, harbor and Shelter Island.
    Exterior Features

    Pool N/K Site Sidewalks Topography Level

    Property Features

    Actual Cap Rate 4.2 Annual Expense Actual 47100 Association ID North San Diego County Association Of Realtors (Nsdcar) Buildings 2 Gross Scheduled Income Actual 372000 Terms CashConventional Zoning Assessor

    Listing provided courtesy of Homevest Realty. Listing information © 2021 San Diego MLS Inc. Source: CR Paragon
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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