1948 Emerald St, San Diego CA 92109 | $5,309,000
Listing provided courtesy of Jason Lipovsky of Venture Pacific Commercial. Last updated 2024-05-02 09:21:25.000000. Listing information © 2023 SANDICOR.
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.
More Details
0.22 Acres
2 Stories
Number of Units: 8
Price Per Unit: 663625
SqFt of Improvement: 5840
