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2003 Emerald Street San Diego, CA 92109
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260018607SD
HOA Y/N No
Lot Size 6,098 Sqft
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.
Location
State CA
County San Diego
Area 92109 - Pacific Beach
Interior
Fireplace No
Exterior
Total Parking Spaces 8
Others
Tax ID 4165421000
Listed by Erik Anderson Newmark of Southern California #01991182