3046 Nimitz Blvd, San Diego, California 92106, San Diego, 92106 - 3 bed, 1 bath
ACTIVE$1,800,000
3046 Nimitz Blvd, San Diego, California 92106
3Beds
1Bath
1,218Sqft
Lot
Year Built
1928
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$1,478
HOA
-
Days on market
-
Sold On
-
MLS number
250045531SD
Home ConditionTear down
Features
Excellent View:
View-
About this home
Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.80M(33th), sqft - 1218(10th), beds - 3(50th), baths - 1(6th).
Great Development Opportunity in the heart of Point Loma. High density zoning, close to airport, shopping and restaurants.
Price History
Date
Event
Price
12/11/25
Listing
$1,800,000
11/13/20
Sold
$1,710,000
Condition Rating
Tear down
Built in 1928, this property is explicitly marketed as a 'Great Development Opportunity' with 'high density zoning,' indicating the value is primarily in the land. The property analysis highlights the 'Advanced Age of Structure' and states it is 'likely requiring extensive renovation or demolition,' with the 'primary value lies in the land and its development potential rather than the existing residence.' The lack of interior photos, combined with only one bathroom for three bedrooms, further suggests the existing structure is outdated and not considered a primary asset, making it a candidate for demolition or complete redevelopment.
Pros & Cons
Pros
High Density Zoning: The property benefits from high density zoning, which is explicitly highlighted as a 'Great Development Opportunity' and allows for significant redevelopment potential.
Prime Point Loma Location: Situated in the highly desirable and established Point Loma neighborhood, offering a prestigious address within San Diego.
Exceptional Local Amenities: The location provides excellent convenience, being close to the airport, various shopping centers, and a wide array of restaurants.
Significant Development Potential: Marketed as a 'Great Development Opportunity,' this property is ideal for investors or developers looking to maximize its value through new construction.
Strong San Diego Market: Located in San Diego, a major metropolitan area known for its robust real estate market and consistent demand.
Cons
Advanced Age of Structure: Built in 1928, the existing structure is quite old, likely requiring extensive renovation or demolition, which adds to the overall development cost.
Limited Bathroom Count: With only one bathroom for three bedrooms, the property's current configuration is insufficient for modern living standards and would necessitate upgrades or expansion.
Small Existing Footprint: The current 1218 sqft structure is relatively small for a 3-bedroom home, indicating that the primary value lies in the land and its development potential rather than the existing residence.