3129 Emerson St - Apartments FOR SALE


San Diego, CA 92106- Roseville-Fleet Ridge
$3,350,000 USD
720-841-8139
3129 Emerson St, San Diego, CA for Sale
$3,350,000 USD
Apartments - FOR SALE
1/21
null | 4.19% Cap Rate

3129 Emerson St
San Diego, CA 92106
Roseville-Fleet Ridge


HIGHLIGHTS

  • Coveted Point Loma 2026 Condo-Quality Renovation Just Blocks To The Bay & Shelter Island
  • Attractive Unit Mix: Two (2) spacious 2-bedroom/2-bath units (1,000 sf) and four (4) 1-bedroom/1-bath units (500 sf)
  • Hgihest Quality Upgrades, Select Units With Fireplaces, Vaulated Ceilings, Ring Cameras, & Keyless Entry
  • Incredibly Unit Mix, Parking For Every Unit, Strong Market Fundamentals, & High Barriers To Entry Market
  • Strong In-Place Rents Are A Hedge Against AB 1482 Rent Control; 5% + CPI Would Exceed Market Rents Annually
  • All Systems Have Been Upgrades; Strong Long-Term Passive Investment

OVERVIEW

We are 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 substantial 2026 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 supplyconstrained 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. Residents enjoy close proximity to Liberty Station, Downtown San Diego, the San Diego International Airport, and top-tier outdoor destinations including Sunset Cliffs and Shelter Island. The walkable, amenity-rich environment and excellent access to major employment centers further support strong year-round tenant demand. 3129 Emerson Street represents a unique opportunity to acquire a high-quality, professionally updated asset in one of San Diego’s most proven multifamily markets.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$646 USD /SF

# OF UNITS

6

PRICE/UNIT

$558,333

CAP RATE

4.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

RM-3-7

APN/PARCEL ID

531-306-11

ASK ABOUT THIS PROPERTY

720-841-8139

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

720-841-8139

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.