
San Diego, California 92106
Analysis of 2980 Nichols St, San Diego, California 92106 is currently available with a list price of $4,650,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
This property underwent a comprehensive 'down to the studs' renovation in 2023/2024, making it effectively brand new. It features all-new systems including dual-zone HVAC, electrical panels, plumbing, and sewer lines, plus a 2022 roof. The kitchen and bathrooms are high-end with Thermador appliances, custom cabinetry, and premium finishes like Tadelakt plaster and quartz, meeting the highest standards for mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15003, living area = 2725.
Situated just 200 feet from the water in the prestigious La Playa neighborhood, this property offers rare, panoramic sit-down views of the San Diego Bay, Downtown skyline, and Coronado Bridge.
The home underwent a meticulous 2023/2024 'down-to-the-studs' renovation, featuring high-end Thermador appliances, custom cabinetry, Tadelakt plaster finishes, and fully updated modern infrastructure including dual-zone HVAC.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2725, other record living area = 2691. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The assigned elementary school, Cabrillo Elementary, currently holds a lower rating of 4/10, which may be a drawback for families prioritizing high-performing public school districts.
With a list price nearly double its 2023 purchase price, the property's rapid appreciation may face scrutiny from buyers despite the extensive renovations and current appraisal status.
***La Playa The Crown Jewel Of Point Loma***Location*Location*Location*Dazzling Turnkey 4BR*3BA*2,725 Sq Ft Single Story Living Facing San Diego Bay***2023/2024 Renovation Down To The Suds***Amazing Flat Level Gentle Slope 15,000 Square Ft (150 X100) Bay Side Lot***Watching The Ripples Of Water Reminds You How Intimately Close, Just 200 Feet, Your Are To The Bay***You Can Even Hear The Gentle Clink & Clatter Of The Masts & Sails***24/7 Forever Changing And Fascinating Endless Nautical Panorama***Imagine Enjoying Your Morning Cup Of Coffee As The Sun Rises Making Its Way Up And Over The Cuyamaca Mountains Overlooking The Tranquil Waters Of San Diego Harbor With Panoramic Sit Down Views From Downtown*Past The Coronado Bridge*All The Way To Mexico***Listed Just Under Current Appraisal***Kelloggs Beach*San Diego Yacht Club*South Western Yacht Club * Pt Loma Village*Shelter Island*All Accessible Leisurely By Foot* Airport Downtown Less Than $25 UBER Without Having To Get On A Freeway*** Fully Permitted Electrical*Plumbing Fixtures In Kitchen & Bathrooms*New Sewer Lines*Dual Zone Two 3-Ton HVAC*New Windows*Doors*Flooring*Thermador Appliances*Dual Oven*Insulation*Drywall*Porcelin & Quartz Counter Tops*Custom Cabinets*Tadelakt (Moroccan Plaster Master Shower*New Gutter & Underground Drainage System*Drip Irrigation Throughout With Sprinklers*Retractable Suncover For Deck*Garapa Outdoor Shower & Deck*Japanese Cedar Fencing & Gates around Entire Property*Courtyard Gas Fireplace & Fire Pit Seating Area*Low Voltage FXLuminaire Landscape Lighting System *Shoulda*Coulda*Woulda*Going, Interior New electrical (including main electric panel and subpanel in garage) New plumbing (including new water heater and Rhino whole house water filter system, to beinstalled in garage in next week or two) New sewer (2 sewer lines replaced from home to street) New Dual Zone Two 3-ton HVAC (it is two 3-ton systems, so house has two zones/dual zone) All appliances in the home are electric, except for the furnace, which is gas New insulation and drywall throughout We removed/modified two structural walls to make the spaces larger (structural specs are attachedto plans) New roof in 2022 (this was done by prior owner) Garage has been finished (new insulation, drywall, epoxy floor, and new garage lift/opener) Exterior of home has been repainted (it was originally brown) New windows (Anderson 100) and bifold door (Windor). All windows have been replaced, except forthe fixed glass panels. New doors throughout (interior are solid core), except for main front door which we kept. All appliances in kitchen are Thermador. New flooring throughout. Floors are engineered word (Villa Caprisi by Urban Floor) Plumbing fixtures in kitchen and bathrooms are Kohler Countertops in kitchen are procelin and all other counters (in bathrooms and laundry room) arequartz Master shower is Tadelakt (Moroccan plaster) All cabinets throughout house are custom (San Diego Custom Cabinets) Exterior Landscape plans were uploaded to ShareFile (2 PDFs) New gutter and underground drainage system New retractable suncover for deck (mechanics were existing, replaced cover and wiring) New Garapa deck New Garapa outdoor shower New Garapa planter boxes (2) New fencing and gates around entire property (Japanese Cedar) All hardscapes are new New landscaping throughout property New fire pit/seating area in courtyard (gas fireplace) New drip irrigation throughout property (sprinklers for gras) 2-wall retaining wall system in back yard New low-voltage landscape lighting system (FXLuminaire)
No exterior & parking available.
Grades K-4 • 0.7 mi
Grades 5-6 • 1.5 mi
Grades 7-8 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,725 | 1,777 |
| Lot Size | 15,003 | 6,600 |
| Price | $4.65M | $1.24M |
| Price per sq ft | $1.7K | $743 |
| Built year | 2016 | 1972 |
| HOA | $0 | $200 |
| Days on market | 90 | 39 |
Apr 23, 2026
$4,650,000
Initial Listing
Jun 1, 2023
$2,475,000
Public Record
Mar 29, 2023
$2,475,000
Public Record