The Point Loma Plaza

Point Loma, CA, is a picturesque coastal neighborhood in San Diego known for its stunning ocean views and rich maritime history. Perched on a peninsula that juts into the Pacific Ocean, Point Loma offers a unique blend of rugged cliffs and serene beaches. The area is home to the historic Cabrillo National Monument, where visitors can explore the old lighthouse and enjoy panoramic views of San Diego Bay and the ocean. The neighborhood's charming streets are lined with eclectic shops, cozy cafes, and elegant restaurants, reflecting a laid-back, seaside atmosphere that attracts both locals and tourists. In addition to its scenic beauty, Point Loma boasts a strong sense of community and a variety of recreational opportunities. The nearby Shelter Island offers a picturesque waterfront park and is a popular spot for boating and picnicking. The area’s history is deeply intertwined with maritime activities, and this is celebrated at the Maritime Museum of San Diego, which features a collection of historic ships. With its blend of natural beauty, historical significance, and vibrant local culture, Point Loma stands out as a quintessential San Diego neighborhood, offering both relaxation and exploration.MD Real Estate Inc is proud to present The Point Loma Plaza, a 2-unit retail property + surface parking lot located in the Point Loma Heights neighborhood of San Diego. Situated on two separate parcels the property is comprised of a surface parking lot on a 5,291 square foot lot containing 17 parking stalls. The second parcel totaling approximately 4,051 square feet contains two retail suites totaling approximately 3,084 square feet and a detached garage/storage area that is approximately 340 square feet. All tenants are on newer 5-year leases with 5-year renewal options and 3% annual rent increases. All tenants pay their pro rata share of property taxes, property insurance, water/sewer, and trash leaving the landlord with minimal property expense responsibility. The Point Loma Plaza is an ideal investment for an investor looking for a passive income stream from a well-located asset in an excellent submarket of San Diego.