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Liberty Row Apartments 3046 Nimitz Blvd 9 Unit Apartment Building $6,062,012 CAD ($673,557 CAD/Unit) 4.40% Cap Rate San Diego, CA 92106



INVESTMENT HIGHLIGHTS
- Fully leased, rare newly built luxury trophy asset with an irreplaceable coastal location in the heart of bayside Point Loma
- Comprised of nine three-story (9) one-bedroom townhomes averaging 594 square feet with rooftop decks, single car garages, and exceptional views
- Prime site orientation with an 82 Walk Score, and easy access to numerous dining and entertainment options, Interstates 5 & 8, Downtown San Diego
- Idyllic coastal location; less than 1-mile away from the Point Loma Marina, Humphrey’s Concerts by the Bay and Liberty Station
- Luxury living amenities including designer kitchens, quarts countertops, oversized windows, in-unit washers and dryers, and extensive noise insulation
- Potential to add studio units by converting single car garages into ADUs
EXECUTIVE SUMMARY
We are pleased to present Liberty Row Apartments, a newly constructed 9-unit trophy asset in the Point Loma neighborhood, San Diego’s quintessential coastal destination. Built in 2024, with a perfect blend of luxurious design and seaside location, Liberty Row Apartments is a high-quality home base for residents to thrive.
The unit mix is comprised of nine three-story townhomes with (8) one-bedroom / one-bath floorplans averaging 568 square-feet and (1) one-bedroom / two-bath floorplan with 799 square-feet. Each unit features oversized windows with plenty of sunlight, single car garages, designer kitchens with quartz countertops, stainless-steel energy star appliance packages, contemporary interior finishes, in-unit washers and dryers, and extensive insulation for comfortable and quiet living. Every unit offers a fourth story private rooftop deck with views of the glistening San Diego Bay, harbor, yacht clubs, the skyline of America’s finest city, and Coronado. The property has the potential to add studio floor plans by converting the garages into ADUs.
Liberty Row Apartments is in the heart of bayside Point Loma, two blocks away from Americas Cup Harbor, less than one half-mile from Liberty Station, one block from Rosecrans Street, the major thoroughfare for the area, and a convenient 15-minute drive to downtown San Diego, a Tier-One employment center and the largest in the region. Residents enjoy quick access to all that the bay has to offer including access to private boat charters and yachting, world-class sportfishing, and a variety of unique retailers and restaurants. With its premium location capturing views, innovative design offering tenants privacy, and luxurious enhancements, Liberty Row Apartments provides investors with the rare opportunity to acquire an upscale coastal asset that is poised to capture rental premiums for generations.
The unit mix is comprised of nine three-story townhomes with (8) one-bedroom / one-bath floorplans averaging 568 square-feet and (1) one-bedroom / two-bath floorplan with 799 square-feet. Each unit features oversized windows with plenty of sunlight, single car garages, designer kitchens with quartz countertops, stainless-steel energy star appliance packages, contemporary interior finishes, in-unit washers and dryers, and extensive insulation for comfortable and quiet living. Every unit offers a fourth story private rooftop deck with views of the glistening San Diego Bay, harbor, yacht clubs, the skyline of America’s finest city, and Coronado. The property has the potential to add studio floor plans by converting the garages into ADUs.
Liberty Row Apartments is in the heart of bayside Point Loma, two blocks away from Americas Cup Harbor, less than one half-mile from Liberty Station, one block from Rosecrans Street, the major thoroughfare for the area, and a convenient 15-minute drive to downtown San Diego, a Tier-One employment center and the largest in the region. Residents enjoy quick access to all that the bay has to offer including access to private boat charters and yachting, world-class sportfishing, and a variety of unique retailers and restaurants. With its premium location capturing views, innovative design offering tenants privacy, and luxurious enhancements, Liberty Row Apartments provides investors with the rare opportunity to acquire an upscale coastal asset that is poised to capture rental premiums for generations.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $6,062,012 CAD | Apartment Style | Townhome |
| Price Per Unit | $673,557 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.40% | Building Size | 5,344 SF |
| Gross Rent Multiplier | 14.75 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Zoning | R-4 - Residential | ||
| Price | $6,062,012 CAD |
| Price Per Unit | $673,557 CAD |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| Gross Rent Multiplier | 14.75 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 5,344 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | R-4 - Residential |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 568 |
| 1+2 | 1 | - | 799 |
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Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 530-373-02 | Improvements Assessment | $1,770,509 CAD |
| Land Assessment | $1,253,473 CAD | Total Assessment | $3,023,982 CAD |
PROPERTY TAXES
Parcel Number
530-373-02
Land Assessment
$1,253,473 CAD
Improvements Assessment
$1,770,509 CAD
Total Assessment
$3,023,982 CAD
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Liberty Row Apartments | 3046 Nimitz Blvd
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