Active
1948 Emerald St
Pacific Beach CA, 92109
$5,309,000
$909.08 per sqft
Active
2 Beds
5,840 sqft
Commercial
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.
240005303
MLSⓇ ID
March 2, 2024
Listed
May 2, 2024
Updated
Map
1948 Emerald St
Pacific Beach CA, 92109
Interior Features
Total Stories
2
Bedrooms
2
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.22 Acres
Lot Features
Auto Front Sprinklers
Other Property Details
Area Name
Coastal South
Days on Market
60
Garage
No
Parking Total
16
View
No
County
San Diego
Pool
No
Zoning
R-3:RESTRI
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
4/30/2024 | Price Change | $5,309,000 -2% |
Listed by Venture Pacific Commercial, Jason Lipovsky,
Listing Contact: 858-538-7774
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Data last updated 12:14 AM UTC, 5/2/2024
