8-Unit Apartment
New
For Sale
$4,000,000
2003 Emerald Street, San Diego, CA 92109
Well-maintained apartment property with renovated residences, dedicated parking, and a balanced one- and two-bedroom unit mix.
Days on Market7
Property Features for 2003 Emerald Street
General Information
Standard status
Active
Property subtype
General Commercial
Units
Multifamily Units
8
Parking per Unit
1
Amenities
3
8 Parking Spaces.
Building Details
Year Built
1966
Buildings
1
Listing Agency:
Newmark of Southern California
(858) 395-6935
Listed By:
Erik Anderson · License #01991182
Source:
Xome
Added: Jul 27
Changed: Aug 2
Last Checked: Aug 2 at 4:09AM
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 Newmark of Southern California
Investment Insights
Based on property information with market context.
This eight-unit apartment building occupies a corner lot in Pacific Beach and was constructed in 1966. The unit mix includes six one-bedroom, one-bath residences and two two-bedroom, one-bath residences, averaging approximately 650 square feet. Six units have been renovated, while two include in-unit washer and dryer appliances. Each residence is assigned one dedicated parking space.
Current rents are approximately 11% below market, and utilities are billed through a low flat-rate structure. The property information identifies SDG&E submetering and a market-level RUBS program as potential utility-billing alternatives. The property has an 89 Walk Score, with retail, grocery, and dining within walking distance. Pacific Beach submarket vacancy is 4.2%, compared with 6.1% countywide, and 60 units are under construction submarket-wide. Trailing twelve-month rent growth is near three times the San Diego average.
Current rents are approximately 11% below market, and utilities are billed through a low flat-rate structure. The property information identifies SDG&E submetering and a market-level RUBS program as potential utility-billing alternatives. The property has an 89 Walk Score, with retail, grocery, and dining within walking distance. Pacific Beach submarket vacancy is 4.2%, compared with 6.1% countywide, and 60 units are under construction submarket-wide. Trailing twelve-month rent growth is near three times the San Diego average.
Key Highlights
- Eight‑unit apartment building on a corner lot in Pacific Beach
- Unit mix includes six 1BD/1BA and two 2BD/1BA residences
- Approximately 650 square feet average unit size
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,717
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained apartment property with renovated residences, dedicated parking, and a balanced one- and two-bedroom unit mix.
Where is this apartment building located?
The property is located at 2003 Emerald Street San Diego, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Eight‑unit apartment building on a corner lot in Pacific Beach; Unit mix includes six 1BD/1BA and two 2BD/1BA residences; Approximately 650 square feet average unit size
