$4,000,000

Residential Income In San Diego

  • 10 Beds
  • 8 Baths
  • 5,026 Sqft
  • 6,099 Sqft lot
  • Updated: July 31
  • Source:
    San Diego MLS  MLS#260018607

About the Property

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, leavin
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.
  • Property type

    Other

  • Floors

    2

  • Price/sqft

    $795

Features

  • Renovated
  • Gas Stovetop
  • Washer Dryer
  • Parking
  • Bar
  • Stone Countertops

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2003 Emerald Street, San Diego, California, United States View on Google Maps
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Newmark of Southern California - Los Angeles

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Newmark of Southern California - Los Angeles
California, United States
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6
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2025
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Newmark of Southern California - Los Angeles
Los Angeles, California, United States
View agency profile
Last updated
July 31
First listed
Jul 31
Listing reference
260018607
Listing status
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