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8 Units in Pacific Beach

1948 Emerald St

Active

$5,350,000

Overview

Located on a serene residential block in the heart of Pacific Beach and walkable to countless neighborhood amenities, this 8-unit 2-story apartment building sitting on a 9,376sf lot features all 2 bed/2 bath units each with approx. 730 sqft, 2 assigned parking spaces (tandem style), and a shared laundry room with coin operated machines. Renovations vary per unit, and upgrades to finishes and appliances have been made over the years. Units have a great sense of separation and privacy from one another. Tons of open space surrounds the building including large front and rear patio areas, bike storage, and an expansive parking lot off the alley for 16 cars. Building is fully leased with a combination of annual and month-to-month leases in place. This is a fantastic investment opportunity in a proven, inventory-constrained neighborhood near the ocean, bay, and walkable to Kate Sessions Park, groceries, restaurants, cafes, banks, and more. Building was built in 1988 and this seller is only the second owner (purchased from builder). Offering Memo: https://bit.ly/emerald-memo

Property Type

Multifamily

Square Footage

5,480

Bedrooms

16

Lot Size

9,376

Bathrooms

16

Year Built

1988

Number of Stories

2

HOA Fee

N/A

Primary Details

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