2036 38 Emerald St, San Diego, California 92109, San Diego, 92109 - 7 bed, 6 bath
ACTIVE$2,725,000
2036 38 Emerald St, San Diego, California 92109
7Beds
6Baths
3,431Sqft
Lot
Price Vs. Estimate
The estimated value ($2,725,000) is $0 (0%) lower than the list price ($2,725,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Coastal Location: Situated in highly desirable Pacific Beach, offering excellent walkability to amenities, beaches, and convenient freeway access.
Top Cons:
Property Class Discrepancy/Variance: The property's classification as a 'Single Family Residence' despite being a triplex, with a 'variance granted for alternate property class,' suggests potential complexities in zoning, financing, or future development.
Compared to the nearby listings
Price:$2.73M vs avg $2.05M (+$675,000)79%
Size:3,431 sqft vs avg 1,950.5 sqft94%
Price/sqft:$794 vs avg $1.2K9%
More Insights
Built in 1957 (68 years old).
Condition: The primary residence (2036 Emerald) has undergone recent kitchen and bathroom remodels, as evidenced by the modern white shaker cabinets, quartz countertops, subway tile backsplash, and stainless steel appliances in the kitchen, along with hardwood flooring and updated light fixtures throughout. This unit appears to be in excellent, move-in ready condition. The duplex units (2038 Emerald) had their roof replaced in 2023, which is a significant capital improvement. While the description mentions 'potential for value-add improvements' for the property, implying the duplex units may not be as extensively renovated as the primary home, the new roof and the overall updated state of the main unit elevate the property's condition. Given the 1957 build year, the extensive renovations in the primary unit and the new roof on the duplex units indicate a well-maintained property with major systems functional and updated, fitting the 'Good' category.
Year Built
1957
Close
-
List price
$2.73M
Original List price
$2.8M
Price/Sqft
$794
HOA
-
Days on market
-
Sold On
-
MLS number
250041753SD
Home ConditionGood
Features
Good View:
Patio
View-
About this home
Variance granted for alternate property class. Must have confirmed appointment. Excellent coastal opportunity for this conveniently located triplex, just minutes from the freeway, a short bike ride to Mission Bay and Tourmaline, and steps from Pacific Plaza’s Trader Joe’s, Vons, and the vibrant offerings of Garnet Avenue. Perfect for investors or owner-occupants, this property offers potential for value-add improvements, short-term rental income, or personal use. The primary home (2036 Emerald) is a detached single-level 3-bed, 2-bath home, with a private patio, two-car garage, and additional driveway parking. It features recent kitchen and bathroom remodels and is move-in ready. The rear building, located on the alley (2038 Emerald), is a two-story duplex with mirror-image units, each around 1,100 square feet with 2 beds, 1.5 baths, in-unit laundry, and a roof replaced in 2023.
Condition Rating
Good
The primary residence (2036 Emerald) has undergone recent kitchen and bathroom remodels, as evidenced by the modern white shaker cabinets, quartz countertops, subway tile backsplash, and stainless steel appliances in the kitchen, along with hardwood flooring and updated light fixtures throughout. This unit appears to be in excellent, move-in ready condition. The duplex units (2038 Emerald) had their roof replaced in 2023, which is a significant capital improvement. While the description mentions 'potential for value-add improvements' for the property, implying the duplex units may not be as extensively renovated as the primary home, the new roof and the overall updated state of the main unit elevate the property's condition. Given the 1957 build year, the extensive renovations in the primary unit and the new roof on the duplex units indicate a well-maintained property with major systems functional and updated, fitting the 'Good' category.
Pros & Cons
Pros
Prime Coastal Location: Situated in highly desirable Pacific Beach, offering excellent walkability to amenities, beaches, and convenient freeway access.
Income-Generating Triplex: A multi-unit property (triplex) providing significant potential for rental income, suitable for both long-term and short-term rentals.
Versatile Investment Opportunity: Ideal for investors seeking value-add potential or owner-occupants looking to offset living costs with rental income.
Updated Primary Residence: The main 3-bed, 2-bath home boasts recent kitchen and bathroom remodels, offering a move-in ready living space.
Recent Major Capital Improvement: The duplex units benefit from a roof replacement in 2023, mitigating immediate concerns for a significant maintenance item.
Cons
Property Class Discrepancy/Variance: The property's classification as a 'Single Family Residence' despite being a triplex, with a 'variance granted for alternate property class,' suggests potential complexities in zoning, financing, or future development.
Age of Structure: Built in 1957, the property's age may indicate a need for future updates to underlying infrastructure (e.g., plumbing, electrical) beyond the recently replaced roof.
Required Value-Add Investment: While offering 'value-add potential,' this implies that further capital expenditure and effort will be necessary to fully optimize all units and maximize returns.