$3,950,000
FOR SALEActive2003 Emerald Street
San Diego CA 92109
N/A
SF
Mixed Use
Type
N/A
Built
N/A
Cost/SF
Listing Agent
Land Details
Location Analysis
About This Property
Eight unit apartment building on a corner lot in Pacific Beach. Built in 1966 and meticulously maintained. Unit mix is six 1BD/1BA and two 2BD/1BA averaging approximately 650 square feet. One dedicated parking space per unit. Six of eight units renovated. Two units have in unit washer and dryer. Current rents approximately 11% below market. Utilities are currently billed at a low flat rate, leaving upside through SDG&E submetering or a market level RUBS program. 89 Walk Score with retail, grocery, and dining within walking distance. Pacific Beach submarket vacancy is 4.2% versus 6.1% countywide, with only 60 units under construction submarket wide and trailing twelve month rent growth near three times the San Diego average. Contact broker for offering memorandum, rent roll, and financials.
Property Information
Property Overview
Commercial - MixedUse
Property Type
Active
Status
8
Total Units
0.14 acres
Lot Size
4.35%
Cap Rate
8
Parking Total
Property Highlights
N/A Property
Prime Location with High Visibility
4.35% Cap Rate
Location Analysis
Zoning & Use
Parking & Access
Investment Metrics
4.35%
Cap Rate
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CRMLS
MLS# 260018607SD
Listed:
Nalren refreshed:
Last updated
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Listed by: Newmark of Southern California
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.