1021 Scott St

1021 Scott St #225

D

San Diego, CA 92106

$175,000

Soft Appraisal Value: $170,100 · 2.9% above estimate

Beds

Baths

1

Sqft

288

Year Built

1980

Days on Market

30

Property Type

Condo

HOA/mo

$390

MLS ID

260005374SD

Description

25% Ownership! Welcome to the San Diego Yacht Club Condos on Shelter Island! The owners loved the location so much they purchased another unit in the building and are now offering a unique opportunity for fractional ownership. The seller may also carry the loan with a low down payment and simple monthly payments that can include HOA and utilities—please inquire for details. This newly renovated, fully furnished condo is turnkey and ready to enjoy. Features include a mini-split system for heat and A/C, new granite countertops, and a large walk-in shower. A queen Murphy bed folds up to reveal a table underneath, and the couch converts into a twin bed, allowing the space to comfortably sleep up to four. Located directly across from the San Diego Yacht Club in the heart of Shelter Island, this residence offers convenient access to the waterfront and nearby amenities. Kellogg Beach is just a short walk away, a favorite local spot for relaxing by the water. The nearby Bessemer Path and Shelter Island waterfront paths provide miles of flat shoreline trails ideal for walking, jogging, or biking along the bay. Popular waterfront destinations such as Bali Hai, Eppig Brewing, Kona Kai Resort, and concerts at Humphreys by the Bay are all nearby. The unit also offers views toward the pool, marina, downtown San Diego skyline, and the Point Loma foothills. Lastly, you're only 5 minutes from the airport. Now that's easy. If this sounds exciting to you, pack your paddleboard and your bike—your permanent vacation starts by reaching out to learn more about this unique opportunity!

Mortgage Calculator

Est. Monthly Payment

$1,501

Principal & Interest$885
Property Tax$175
Insurance$51
HOA$390
%($35,000)
%

Investment Score

10D
Est. Monthly Rent
$1,200
Monthly Cashflow

Rent − PITIA

$-301
Full Cashflow

Incl. vacancy, PM, maint, capex

$-723

Mortgage (P+I)
$885
Cap Rate
1.11%
Cash-on-Cash
-24.78%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.80
Break-even Rent
$2,139

NOI (Annual)
$1,946
Price-to-Rent

Lower = better for investors

12.2

* 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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