1021 Scott
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1021 Scott #159

C

San Diego, CA 92106

$1,350,000
NEW — 4d

Soft Appraisal Value: $1,300,000 · 3.8% above estimate

Beds

2

Baths

1.5

Sqft

1,526

Year Built

2006

Days on Market

4

Property Type

Condo

HOA/mo

$700

MLS ID

260016645SD

This property is in San Diego (92106). View neighborhood stats →

About This Property

FINALLY! A rare two bedroom in the Yacht Club Condos. Offered for the very first time since its original 2007 developer sale, unit 159 is one of the rare two story residences created from the building's historic waterfront restaurant in the 2006 conversion. These homes, with their own private street entrances, almost never come up for sale. Come and go through your own Talbot Street door, or enter through the gated community when you like, your choice. Inside you get high ceilings, open kitchen, a spacious primary suite with its own bath, and a second bedroom loft up top that looks out to the bay and the mountains beyond. The two levels connect with both an elevator lift and a spiral staircase, so you get the character of a two story home with easy single level access whenever you want it. From your parking to the condo, there is even a path with zero stairs. In unit laundry, central heat and air, a private garage, plus a gated parking spot. Location doesn't get any better. Walk to the San Diego Yacht Club to take the boat out or grab a drink, paddle board at Bessemer Beach, or pop over the hill to Sunset Cliffs for world famous sunsets and great surf. Great restaurants, live music, and views everywhere you look. The gated community lives like a resort, with a heated bay view pool, fitness center, billiards and rec room, clubhouse lounge, meeting space, and storage for bikes, kayaks, and paddle boards. Prime location in the heart of Point Loma Village.

Mortgage Calculator

Est. Monthly Payment

$9,270

Principal & Interest$6,826
Property Tax$1,350
Insurance$394
HOA$700
%($270,000)
%

Location

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Investment Score

1D
Est. Monthly Rent
$4,809
Monthly Cashflow

Rent − PITIA

$-4,461
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,692

Mortgage (P+I)
$6,826
Cap Rate
0.12%
Cash-on-Cash
-29.74%
DSCR

Need ≥ 1.25 for DSCR loan

0.52
Break-even Rent
$13,500

NOI (Annual)
$1,607
Price-to-Rent

Lower = better for investors

23.4

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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