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Multifamily Property with Four ADUs
For Lease
$3,995,000

1953 Emerald St, San Diego, CA 92109

Upgraded coastal residence with separately metered accessory units and nearby beach access.

Space SizeContact for details
Days on Market12

Property Features for 1953 Emerald St

General Information

Standard status Active
Property subtype Commercial
Listing Agency: TXR Homes, Inc
Listed By: Seth Boisvert (greensethb@gmail.com)
Source: Mrmurrieta
Added: Aug 12 Changed: Aug 13 Last Checked: Aug 23 at 6:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TXR Homes, Inc

Investment Insights

Based on property information with market context.

This multifamily property combines an upgraded 5-bedroom, 3-bath main residence with a separate structure containing four modern accessory dwelling units. The primary home offers an open-concept layout, a lower-level game room, and a private outdoor hot tub. It is currently furnished and operating as an Airbnb.

Each ADU provides approximately 328 square feet with 1 bedroom and 1 bath, was built in 2025, and has its own electric meter. The units are currently rented, creating an established income component. The property is located at 1953 Emerald St in Pacific Beach/Mission Beach, with the beach, restaurants, shopping, and other area amenities nearby. A variance has been granted for Commercial Residential Income use.

Key Highlights

  • 5‑bedroom, 3‑bath main residence with upgraded interiors
  • Four 1‑bedroom, 1‑bath ADUs built in 2025
  • Each ADU offers approximately 328 sq. ft. and its own electric meter

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Law Firm Food Market Grocery & Convenience Store Daycare Center Parking Lot & Garage Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,717
Businesses Nearby

Demographics for 92109, CA

44,671
Population
26,503
Households
1.7
Avg Household Size
35
Median Age
70%
College-Educated
97%
High-School Grad
7.6 sq mi
ZIP Area
5,878
Density / Sq Mi
$118,300
Median Household Income
$71,054
Median Earnings
$2,362
Median Rent
$1,136,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Upgraded coastal residence with separately metered accessory units and nearby beach access.
Where is this multifamily property located?
The property is located at 1953 Emerald St San Diego, CA.
What is the lease rate?
The lease rate is $3,995,000.
What are key features of this property?
This property features: 5‑bedroom, 3‑bath main residence with upgraded interiors; Four 1‑bedroom, 1‑bath ADUs built in 2025; Each ADU offers approximately 328 sq. ft. and its own electric meter
More about this property
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