San Diego, CA 92109 1948 Emerald St

$5,309,000

5 more

Presented By: Venture Pacific Commercial;

MLS# 240005303
03/02/2024

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Beds • 2
Baths • 2
SQFT • 5,840

Home Details

Pacific Beach Multifamily cap rate 4.53/5.01, GSI $319,812/$345,600 Actuals/Proforma, 1988 Built, 8 townhome style units all 2 Bedrooms/2 Bath (16 tub/showers), 16 tandem parking 2 per unit, on site coin laundry. Separate elec/gas meter, oversized outdoor patios. 1.32 miles (7-10 min) to beach 4 units fully remodeled the rest very updated, newer appliances and water heater. Spacious open floorplan/kitchen, stainless refrigerator. Very close to shopping beach and fwys. Each unit appx 730 Square feet. 4 units front, 4 units in back. 34 years owner managed with high-quality long-term tenants. Owners just passed building inspection. Owners retiring.

Presented By: Venture Pacific Commercial;

Interior Features for 1948 Emerald St

Bedrooms

Bedrooms in Unit 12

Bathrooms

Baths in Unit 12.0

General for 1948 Emerald St

# of Units (1)8

Days on Market51

Sale/RentFor Sale

Total Units8

ZoningR-3:RESTRI

Exterior for 1948 Emerald St

ExteriorAuto Front Sprinklers

Number of Buildings1

Total Parking16

Additional Details

Price History

First Team Client Services

Price $5,309,000

MLS#240005303

List Date 03/02/2024

Property Type Income

Phone 714.964.3311

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