1948 Emerald Street

San Diego, CA 92109

$5,309,000
Price
Beds
5,840 Sq. Ft.
$909 / Sq. Ft.
5,840
Sq. Ft.
$909
per Sq. Ft.

Description

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....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
  1. Listed by Jason Lipovsky • DRE #01349086 • Brokerage DRE #01443834 • Venture Pacific Properties • jason@venture-pacific.net

Property Details for 1948 Emerald Street

Parking Spaces Total
0
Total Units
8.0
Lot Size Source
Assessor
Building Area Total
5840
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Association Fee
$.00

Location

Listing Courtesy of Venture Pacific Properties, Jason Lipovsky, DRE #01349086
Add your commute
LISTING UPDATED: 05/09/2024 07:44 AM

Property Details for 1948 Emerald Street

StatusActive
MLS #NDP2403650
Days on Market20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1988
Lot Size0.22 AC / 9,376 SF
CountySan Diego County

Location

Listing Courtesy of Venture Pacific Properties, Jason Lipovsky, DRE #01349086
Add your commute

Building Information for 1948 Emerald Street

Stories2Residences-Year Built1988Building Size-Lot Size0.22 AC / 9,376 SF

Payment Calculator

$28,973 per month

30 year fixed, 7.25% Interest

Principal and Interest

$28,973

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1948 Emerald Street

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $319,812
  • Net Operating Income: $244,454
  • Cap Rate: 4.6
Expense Details
  • Operating Expense: $75,358
  • Electric Expense: $420
  • Insurance Expense: $4,210
  • Maintenance Expense: $1,920
  • Trash Expense: $0
  • Water Sewer Expense: $5,100
  • Real Estate Tax Expense: $63,708
  • Total Expenses: $75,358
Property / Structure Info
Exterior Features
  • Fence: No
Land/Lot Info
  • Lot Features: Front Yard, Landscaped, Lot 6500-9999, Level
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Attached: No
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Attached: No
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Attached: No
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Attached: No
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Attached: No
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Attached: No
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Attached: No
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Attached: No
  • Unit Type Type: 8
Unit Information
  • Number Of Buildings: 1

Property History for 1948 Emerald Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1948 Emerald Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Sessions Elementary School
PublicK to 5

Pacific Beach Middle School
Public6 to 8

Mission Bay High School
Public9 to 12

Barnard Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1948 Emerald Street is a multi-family home for sale in San Diego, CA 92109. This property was listed for sale on April 30, 2024 by Venture Pacific Properties, it's currently listed at $5,309,000. This listing's school district is San Diego Unified School District. Nearby schools include Sessions Elementary School, Pacific Beach Middle School and Mission Bay High School. 1948 Emerald Street is a 0-bed, 0-bath, 5,840 sqft multi-family home built in 1988.

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Listing Courtesy of Venture Pacific Properties, Jason Lipovsky, DRE #01349086

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