The Lofts on
Nimitz Blvd – 8 Units

3244

13 BEDS, 16 BATHS, 8 UNITS

Results

PROPERTY HIGHLIGHTS

SPECS

$3,525,000

SELLING PRICE

7,479

LOT SIZE

SCHEDULE A FREE CONSULT

8,684

SQ FT

  • Generated multiple qualified offers despite tenant constraints and location challenges.

  • Sold the property for above-market value, exceeding comparable multifamily sales in the area.

  • Successfully positioned the asset as both a luxury multifamily investment and a condo-conversion opportunity, attracting a broader investor pool.

  • Enabled the client to achieve her goal of selling quickly and at a premium, freeing capital to reinvest into another opportunity.

  • Delivered peace of mind to the seller by ensuring every disclosure was carefully reviewed and liability fully mitigated.

Challenge

  • Legal requirement: The City of San Diego required installation of a street light fixture before the property could be sold, creating a compliance hurdle that had to be resolved before closing.

  • Tenant-occupied units: Coordinating property showings was difficult due to multiple tenants and scheduling conflicts.

  • Client objective: The seller needed to maximize value and close quickly to roll proceeds into another investment opportunity.

  • Market perception: The property was located on a busy street, which could have reduced its appeal to buyers.

  • Seller concerns: The seller was conservative and very focused on minimizing liability, requiring extra care in how disclosures were handled.

Solution

  • Compliance coordination: Stayed actively involved in the process of resolving the city’s street light requirement, ensuring it did not interfere with the transaction timeline or buyer confidence.

  • Strategic tenant management: Coordinated showings around tenant schedules, balancing buyer access with tenant cooperation.

  • Premium positioning: Leveraged the property’s completed condo map and Bureau of Real Estate approvals to market the asset not just as an 8-unit income property, but also as a potential condo-sell-off strategy, significantly enhancing perceived value.

  • Comprehensive marketing strategy: Designed and executed a targeted campaign showcasing the property’s luxury features such as harbor views, modern two-story floor plans, designer finishes, private balconies, enclosed parking, and strong rental upside.

  • Risk management: Worked closely with the seller to thoroughly review and complete all disclosures. By ensuring every detail was properly disclosed, I protected the seller from liability and gave buyers added confidence in the transaction.

  • Negotiation strategy: Created competitive tension among multiple buyers and drove offers above market expectations.

“I would give nothing but the highest review and recommendation in all categories for Jessica. She sold my home as well as the purchase of my new home within 30 days for beyond the asking price. Both transactions were handled with the utmost of ease.”

JEANINE BAGUETTE