Property listed by Newmark of Southern California, Erik Anderson
2003 Emerald Street
San Diego, CA 92109
$3,950,000
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.… Read More 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. Read Less
Listing Snapshot
Days Online
98
Last Updated
Property Type
MixedUse
Lot Size
0.14 Acres
MLS Number
260018607SD
Additional Details
Building
1 building
Expenses
Operating: $94,741
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $266,666
Lot
0.14 acres
Parking
8 total parking spaces
Taxes
Parcel Number: 4165421000
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