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    849 Emerald St.

    San Diego, CA 92109
    • $3,750,000
    • STATUS: Active
    • ON SITE: 51 days
    • ID#: 200047270
    UPDATED: 23 min ago
    $3,750,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    We are pleased to offer the fee interest in 849 Emerald, an exceptionally well located investment opportunity a block from the beach and 2 blocks north of Garnet Av. in Pacific Beach, a premier coastal community in San Diego. With some ocean views, the property is comprised of 7 units that have operated at 99% occupancy over the last 5 years. As 2 newly renovated interiors have demonstrated, there are immediate opportunities to increase returns through interior renovation or short term rentals. Discover the fact that rental rates are higher in the immediate coastal area thanks to proximity to the ocean and Garnet Av. nightlife. All tenants are current on rent. Amenities: BBQ Exterior: ,,

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-23T19:30:10.19. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

    www.thealvaradobrothers.com/homes/110630093
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    849 Emerald St. San Diego, CA 92109

    • Price: $3,750,000
    • Status: Active
    • Updated: 23 min ago
    • ID#: 200047270
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    Neighborhood:
    92109 - Pacific Beach
    County:
    San Diego
    Area:
    92109 - Pacific Beach
    Property Description
    We are pleased to offer the fee interest in 849 Emerald, an exceptionally well located investment opportunity a block from the beach and 2 blocks north of Garnet Av. in Pacific Beach, a premier coastal community in San Diego. With some ocean views, the property is comprised of 7 units that have operated at 99% occupancy over the last 5 years. As 2 newly renovated interiors have demonstrated, there are immediate opportunities to increase returns through interior renovation or short term rentals. Discover the fact that rental rates are higher in the immediate coastal area thanks to proximity to the ocean and Garnet Av. nightlife. All tenants are current on rent. Amenities: BBQ Exterior: ,,
    Exterior Features

    Construction Materials Frame Lot Size Units Square Feet Roof Composition

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Cap Rate 3.38 Country Us Gross Scheduled Income 211476.00 Net Operating Income 126592.00 Operating Expense 80654.00 Property Sub Type Commercial/Residential

    Listing provided courtesy of Martin Mcgee of Martin Mcgee


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-23T19:30:10.19. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

     
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