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32715014
32715015

3129 Emerson Street, San Diego, CA 92106

CB
CBRE - San Diego
Listed by CBRE - San Diego
$3,350,000
23 days on market
Updated 18 days ago

3129 Emerson Street

Details
APN 531-306-11-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,525
Units 6
Cap Rate 4.19%
Buildings 1
Stories 2

Multifamily | 4.19% CAP | 6 Units

Marketing description

pleased to present 3129 Emerson Street, San Diego, CA — a fully renovated six-unit multifamily asset located in the highly desirable coastal enclave of Point Loma. This turnkey property features a favorable unit mix of two (2) 2-bedroom/1-bath units and four (4) 1-bedroom/1-bath units, combining classic mid-century construction with modern interior finishes designed to meet the expectations of today’s renters. Originally built in 1989, the property has undergone a comprehensive renovation, with each unit showcasing high-end design elements including stainless steel appliances, contemporary tile backsplashes, in-unit laundry, luxury vinyl plank flooring, and sleek glass shower enclosures. The result is a clean, modern living experience that supports premium rental rates with minimal near-term capital requirements. Positioned on a quiet residential street in Point Loma, one of San Diego’s most supply-constrained and in-demand rental markets, 3129 Emerson Street offers investors a rare opportunity to acquire a fully stabilized asset with strong in-place income and continued upside through organic rent growth. The property’s thoughtful renovations and low-maintenance operations appeal to a wide range of investors — whether seeking immediate cash flow, portfolio diversification, or long-term appreciation in a core coastal submarket.
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CB
CBRE - San Diego
Listed by CBRE - San Diego

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