For Sale
$5,750,000

3046 Nimitz BlvdSan Diego, CA 92106

9-unit luxury apartment building, Point Loma, San Diego

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 9-unit apartment building, completed in 2023, presents a rare opportunity to acquire a newly constructed luxury asset in the highly desirable Point Loma neighborhood of San Diego. The property boasts a prime location, just two blocks from America's Cup Harbor and less than a half-mile from Liberty Station. Each of the nine three-story townhomes features a unique design, with eight one-bedroom/one-bathroom units averaging 568 square feet and one larger one-bedroom/two-bathroom unit at 799 square feet. One unit is designated as Moderate Income. Residents enjoy luxurious amenities including private rooftop decks offering stunning San Diego Bay and city views, single-car garages, designer kitchens with quartz countertops, stainless-steel appliances, in-unit washers and dryers, and extensive insulation for quiet living. The property's strategic location offers easy access to Interstates 5 & 8, downtown San Diego, the airport, and Little Italy, boasting an 82 Walk Score. With its proximity to attractions like Point Loma Marina, Humphrey's Concerts by the Bay, and Liberty Station, as well as the Midway Rising Sports Arena Redevelopment project, this property is poised for strong rental income and long-term appreciation. The building's design also presents the potential for adding additional studio units by converting the existing garages into Accessory Dwelling Units (ADUs). The asking price is $5,750,000, representing a price per unit of $638,888.89 and a price per square foot of $1,075.97. The property features a 4.36% cap rate and a total net rentable area of 5,344 square feet.

Highlights

  • Rare, newly constructed luxury 9-unit apartment building in Point Loma, San Diego.
  • Prime location, two blocks from America's Cup Harbor and less than a half-mile from Liberty Station.
  • Nine contemporary one-bedroom townhomes (eight 568 sq ft, one 799 sq ft); one unit designated as Moderate Income.
  • Luxury amenities include private rooftop decks, single-car garages, designer kitchens with quartz countertops, stainless steel appliances, in-unit laundry, and excellent sound insulation.
  • Excellent location with a Walk Score of 82, near freeways, downtown San Diego, the airport, and Little Italy; proximity to Point Loma Marina, Humphrey's Concerts by the Bay, and Liberty Station.
  • Potential to add ADUs by converting garages.

Property Details for 3046 Nimitz Blvd

Property type
Apartment buildings
Year Built
2023
Units
9

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.7293136
Longitude
-117.2265259
3046 Nimitz Blvd, San Diego, California

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3046 Nimitz Blvd
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