3046 Nimitz Blvd, San Diego, California 92106, San Diego, 92106 - 3 bed, 1 bath
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San Diego, California 92106
This High-Density Development Asset is listed at $1,800,000, representing a strategic entry into the prestigious Point Loma market. While the $1,462,414 Fair Market Value reflects the aging 1928 structure, the property’s true worth is anchored in its High-Density Zoning and prime coastal location. With a Condition Rating of 6, the site is optimized for a complete teardown and multi-unit redevelopment to maximize ROI. Priced competitively with local market trends, this is a rare land-value play for Developers and Institutional Investors seeking to leverage proximity to San Diego International Airport and high-end amenities.
Property is land value only, full reconstruction required.
Built in 1928 and marketed explicitly as a development opportunity with high-density zoning, the property shows significant aging and lack of renovation. The value is primarily in the land and its redevelopment potential rather than the existing structure.
The property features high-density zoning in a premium area, offering a significant opportunity for developers to maximize land value through multi-unit construction.
Situated in the heart of the prestigious 92106 zip code, the property enjoys close proximity to high-end shopping, popular restaurants, and coastal amenities.
The location offers excellent connectivity to San Diego International Airport and major transit corridors, making it highly desirable for commuters and travelers.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 9.
The property was recently sold within the past year on 2025-12-29. The sold price is $4,225,000.00.
Proximity to the airport and its location on a major boulevard like Nimitz Blvd subjects the property to significant aircraft and traffic noise.
Great Development Opportunity in the heart of Point Loma. High density zoning, close to airport, shopping and restaurants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 3.0 | 7% |
| Square foot | 1,218 | 2,044.5 | 9% |
| Lot Size | - | 5,264.5 | 12% |
| Price | $1.80M | $1.80M | 50% |
| Price per sq ft | $1.5K | $974 | 96% |
| Built year | 1928 | 1953 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 112 | 19% |
Mar 12, 2026
$1,800,000
Initial Listing
Dec 29, 2025
$4,225,000
Public Record
Nov 13, 2020
$1,710,000
Public Record