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Point Loma Manor Apartments 2777 Nimitz Blvd 35 Unit Apartment Building $22,837,751 CAD ($652,507 CAD/Unit) 4.21% Cap Rate San Diego, CA 92106

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Executive Summary

The property was built in 1961 and recently underwent a significant renovation in 2022. Exterior improvements include new roofs, new stucco, new
railings, new waterproofing of all decks, new double pane windows and security cameras throughout common areas and street. Mechanical improvements include
100% replacement of plumbing, both waste and supply from meters, electrical from meters, all underground gas lines from meters to buildings, fire alarm system to 3
story building (alarm only) and low voltage wiring from street, including coax, telephone and fiber. Interior improvements include new appliances, quartz countertops,
new solid wood shaker cabinetry, recessed lighting, ceiling fans and high-end flooring. The on-site laundry room has also been updated with new machines with smart
phone payment capabilities.

Data Room Click Here to Access

Property Facts

Price $22,837,751 CAD
Price Per Unit $652,507 CAD
Sale Type Investment
Cap Rate 4.21%
Sale Conditions
1031 Exchange
  • Build to Suit
  • Redevelopment Project
No. Units 35
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.46 AC
Building Size 21,050 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1961/2022
Parking Ratio 0.09/1,000 SF
Zoning C-1, San Diego

Amenities

Unit Amenities

  • Balcony
  • Cable Ready
  • Disposal
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 34 - 530 - 620
3+2 1 - 1,500
Walk Score®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
530-763-01
Land Assessment
$3,873,324 CAD
Improvements Assessment
$3,169,082 CAD
Total Assessment
$7,042,407 CAD
  • Listing ID: 39661197

  • Date on Market: 2026-03-04

  • Last Updated:

  • Address: 2777 Nimitz Blvd, San Diego, CA 92106

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