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Jim, Justin and Vickie, Sales Associate
FOR SALE
$5,309,000
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1948 Emerald St
San Diego, CA 92109

Mixed Use, Business Opportunities
Residence
0.2152
Lot Size
Listing Agent: Jason Lipovsky CalDRE: 01443834 - Venture Pacific Commercial

Description for 1948 Emerald St San Diego, CA 92109

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.

Property Details

240005303SD
Mixed Use, Business Opportunities, Other
San Diego
0.2152 Acres
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Listing Agent: Jason Lipovsky CalDRE: 01443834 - Venture Pacific Commercial
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Jim, Justin and Vickie Dean Stalter, Broker DRE# 00625377 - 30221 Golden Lantern Ste. A-B, Laguna Niguel, CA 92677 | Phone: (949) 464-8136 | Email: [email protected]

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