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    1050 1060 Scott Street

    Point Loma, CA 92106
    • $8,800,000
    • STATUS: Active
    • ON SITE: 200 days
    • ID#: NDP2001830
    UPDATED: 180 min ago
    $8,800,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,296
      SQFT
    • $662
      $/SQFT
    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/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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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-15T00:34:56.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zutila, Inc.. Licensed in the State of California, USA.
    www.myorangecountyhomesearcher.com/homes/111352238
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    1050 1060 Scott Street Point Loma, CA 92106

    • Price: $8,800,000
    • Status: Active
    • Updated: 180 min ago
    • ID#: NDP2001830
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    13,296
    SQFT
    $662
    $/SQFT
    2002
    Built
    Neighborhood:
    92106 - Point Loma
    County:
    San Diego
    Area:
    92106 - Point Loma
    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/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

    Lot Features LandscapedStreet Level Number Of Separate Electric Meters 0 Parking Total 23 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Association Fee 0 Cap Rate 4.2 Common Interest None Community Features Sidewalks Fuel Expense 0 Garage YN Yes Gross Income 372000 Gross Scheduled Income 372000 Insurance Expense 2700 Land Lease YN No Laundry Features Washer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 325000 New Taxes Expense 24000 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 47100 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 18000 Water Source Public Zoning R-4 Multiple Residential

    Listing provided courtesy of Ramin Salehpour of Homevest Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-15T00:34:56.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zutila, Inc.. Licensed in the State of California, USA.
     
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