3046 Nimitz Blvd, San Diego, California 92106, San Diego, 92106 - 3 bed, 1 bath
3046 Nimitz Blvd
San Diego, California 92106
Property Price
SUMMARY
Analysis of 3046 Nimitz Blvd, San Diego, California 92106 reveals a property with a current list price of $1,800,000, which is 14% above the estimated $1,534,216 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
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lack of interior photos, combined with only one bathroom for three bedrooms, further suggests the existing structure is outdated and not considered a primary asset, making it a candidate for demolition or complete redevelopment.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
CONSRISKS & DEFICIENCIES
- 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.
About 3046 Nimitz Blvd
Great Development Opportunity in the heart of Point Loma. High density zoning, close to airport, shopping and restaurants.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 3.0 | 6% |
| Square foot | 1,218 | 2,168 | 9% |
| Lot Size | - | 5,235 | 17% |
| Price | $1.80M | $1.82M | 49% |
| Price per sq ft | $1.5K | $935 | 97% |
| Built year | 1928 | 1952 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 86 | 162 | 25% |
Pricing History
Listed for Sale
Dec 11, 2025
$1,800,000
Initial Listing
Sold
Nov 13, 2020
$1,710,000
Public Record