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    849-855 1/2 Emerald St.

    San Diego, CA 92109
    • $3,750,000
    • STATUS: ACTIVE
    • ON SITE: 20 days
    • ID#: 200047270
    UPDATED: 13 min ago
    $3,750,000
    • 11
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    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.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.themarellygroup.com/homes/110629441
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    849-855 1/2 Emerald St. San Diego, CA 92109

    • Price: $3,750,000
    • Status: ACTIVE
    • Updated: 13 min ago
    • ID#: 200047270
    11
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    Neighborhood:
    Pacific Beach (92109)
    County:
    San Diego
    Area:
    Pacific Beach (92109)
    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.
    Exterior Features

    Construction Frame Exterior All Auto SprinklersFully LandscapedPart Fenced Parking GaragesSpaces Parking Spaces Total 8 Roof Composition Units With Garages 2

    Interior Features

    Floor Coverings HardwoodVinylWall To Wall Carpet Floors Wood Heating Wall Laundry Owned Sq Ft Of Improvement 4930 Unit Furnished1 0

    Property Features

    Actual Cap Rate 3.38 Actual Gross Scheduled Income 211476.0 Actual Operating Expense 80654 Assumable Finance 0 Buildings 2 Complex Features Bbq Existing Financing Clear Gross Equity 3750000 Gross Multiplier 17.7 Have 7 U Leased Apartments 7 Mandatory Remarks None Known Market Area Coastal South Motive Want 1031 Exchange Short Sale No Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 7

    Listing provided courtesy of Martin Mcgee. Listing information © 2020 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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