1948 Emerald

Asking Price: $5,309,000

1948 Emerald, San Diego CA 92109

Community: ​92109 - Pacific Beach


This Multi Family property was built in 1988 and is priced at $5,309,000. Please see the additional details below.
  • 0 Sq Ft
  • 0 bathrooms
  • 0 bedrooms
  • MLS#: NDP2403650
  • Type: Multi Family
  • Year Built: 1988
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. EVEN CONVERT TO AIRBNB OR SHORT TERM RENTALS