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Emerald St

San Diego, CA 92109
  • $5,399,000
  • STATUS: ACTIVE
  • ON SITE: 40 Days
  • ID#: 240005303
$5,399,000
  • 2
    BEDS
  • 0.22
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Pacific Beach - Built in 1988-Multifamily offering 8 units all 2 Bedrooms/2 Bath (with 16 tub/showers) totaling approximately 5,840 square feet. 16 tandem parking spots on oversized 9,376/.22 SF lot. 2 parking spots assigned to each unit. Located on residential street among multi-million-dollar homes nestled away from noise and yet 1.32 miles from beach/sleeve of La Jolla. Built in 1988 true rare gem tucked away from noise and crowds, yet 7-10 min from beach. Walking Biking, scooter and skateboard to shopping, beach; very close to all freeways. Unique every unit has a separate wing entry, own and exit. Each unit approximately 7-5-730 Square feet. Townhome style units create privacy with 4 units in front and 4 units in back. Bright and light 4 units brand new kitchen totally renovated; others semi-upgraded. Managed by owners for 35 years with tender love and care. Quality Long term tenancy, minimal turnover with no vacancies (Waitlist). Light and bright units with oversized windows, recessed lighting and nice views from upstairs units. Oversized private patios and laundry room on-suite; 2-year-old coin machines owned. Great long term stable investment!

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/148478889
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Emerald St San Diego, CA 92109

  • Price: $5,399,000
  • Status: ACTIVE
  • On Site: 40 Days
  • ID#: 240005303
2
Beds
2
Baths
0
½ Baths
0.22
Acres
Neighborhood:
Pacific Beach (92109)
County:
San Diego
Area:
Pacific Beach (92109)
Property Description
Pacific Beach - Built in 1988-Multifamily offering 8 units all 2 Bedrooms/2 Bath (with 16 tub/showers) totaling approximately 5,840 square feet. 16 tandem parking spots on oversized 9,376/.22 SF lot. 2 parking spots assigned to each unit. Located on residential street among multi-million-dollar homes nestled away from noise and yet 1.32 miles from beach/sleeve of La Jolla. Built in 1988 true rare gem tucked away from noise and crowds, yet 7-10 min from beach. Walking Biking, scooter and skateboard to shopping, beach; very close to all freeways. Unique every unit has a separate wing entry, own and exit. Each unit approximately 7-5-730 Square feet. Townhome style units create privacy with 4 units in front and 4 units in back. Bright and light 4 units brand new kitchen totally renovated; others semi-upgraded. Managed by owners for 35 years with tender love and care. Quality Long term tenancy, minimal turnover with no vacancies (Waitlist). Light and bright units with oversized windows, recessed lighting and nice views from upstairs units. Oversized private patios and laundry room on-suite; 2-year-old coin machines owned. Great long term stable investment!
Exterior Features

Exterior Auto Front Sprinklers Parking Spaces Total 16

Interior Features

Sq Ft Of Improvement 5840

Property Features

Actual Cap Rate 4.18 Actual Gross Scheduled Income 298332.0 Actual Operating Expense 72540 Assumable Finance 0 Buildings 1 Gross Equity 0 Gross Multiplier 18.10 Have 8 unit multi family Leased Apartments 8 Mandatory Remarks None Known Market Area Coastal South Motive Want sell Projected Cap Rate 5.06 Projected Gross Scheduled Inc 345600 Projected Net Income 273060 Projected Operating Expense 72540 Short Sale No Unit Number1 8 Zoning R-3:RESTRI

San Diego MLS logo Listing provided courtesy of Jason Lipovsky of Venture Pacific Commercial: 858-538-7774. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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The Neuman Team
516 5th Avenue
San Diego CA, 92101