2003 Emerald Street, Pacific Beach/Mission Beach, CA 92109
- $4,000,000
- List Price
- $4,000,000
- Status
- ACTIVE
- MLS#
- 260018607SD
- Lot Size
- 6,098
- Acres
- 0.14
- Days on Market
- 0
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
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. 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.
Additional Information
- Cooling
- Yes
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $266,666
- Operating Expense
- 110846
Listing courtesy of Listing Agent: Erik Anderson (erik.anderson@nmrk.com) from Listing Office: Newmark of Southern California.
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