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849-855 Emerald St
San Diego, CA 92109 Pacific Beach

$4,875,000 USD

Apartments For Sale  •  4,930 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,930 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 2000
  • Zoning R3
30 Transit Score
60 Walk Score

Highlights

One unit delivered vacant at close. Unit 855-1/2A (1BR/1BA) allows immediate renovation and lease-up at market rent.
In-place rents are roughly 38% below market, supporting upside from a 3.87% in-place cap to a 5.90% pro forma cap.
One and a half blocks to the sand, near Crystal Pier, Garnet Avenue dining, retail, and the Mission Beach boardwalk.
Two upper-floor ocean-view units are rented near non-view rates, creating embedded rental upside on future turnover
Capital improvements completed from 2021-2026, with substantial renovations completed in 2018.
Two garages may offer future ADU conversion potential, subject to feasibility studies and city approval.

Property Flyers

Amenities

  • Courtyard
  • Fenced Lot
  • Laundry Facilities
  • Grill
  • Trash Pickup - Curbside
  • Walking/Biking Trails
  • Public Transportation
  • Green Community
  • Walk-Up

Public Transportation

Commuter RailDriveWalkDistance
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 11 min - 5.8 mi
12 min - 7.3 mi
AirportDriveWalkDistance
San Diego International 13 min - 7.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Matthew Monterroso 858-285-3769 Commercial Asset Advisors
Matthew Monterroso 858-285-3769 Commercial Asset Advisors