This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Liberty Row Apartments 3046 Nimitz Blvd

9 Unit Apartment Building $5,750,000 ($638,889/Unit) 4.36% Cap Rate San Diego, CA 92106

Investment Highlights

  • Rare newly built luxury trophy asset with an irreplaceable coastal location in the heart of bayside Point Loma
  • Comprised of contemporary one-bedroom townhomes ranging from 538-799 square feet with private rooftop decks, single car garages, and exceptional views
  • Proximate to the Midway Rising Sports Arena Redevelopment project, only 2.3 miles from the re-energized midway district with 8,500 new jobs
  • 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

Zorbas, Huffman, & Partners of Marcus & Millichap 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. One of the units, a one-bedroom floorplan is designated as Moderate Income. 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.

Property Facts In Escrow

Price $5,750,000
Price Per Unit $638,889
Sale Type Investment
Cap Rate 4.36%
Gross Rent Multiplier 16.57
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
No. Stories 3
Year Built 2024
Parking Ratio 1.5/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Washer/Dryer
  • Kitchen
  • Stainless Steel Appliances
  • Range
  • Vinyl Flooring

Site Amenities

  • 24 Hour Access
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 - 538 - 710
1+2 1 - 799
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (70)
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
530-373-02
Land Assessment
$880,802
Improvements Assessment
$0
Total Assessment
$880,802

zoning

Zoning Code R-4 (Residential)
R-4 (Residential)
  • Listing ID: 30744549

  • Date on Market: 1/23/2024

  • Last Updated:

  • Address: 3046 Nimitz Blvd, San Diego, CA 92106

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}