2036 38 Emerald St, San Diego, California 92109, San Diego, 92109 - 7 bed, 6 bath
2036 38 Emerald St
San Diego, California 92109
Property Price
SUMMARY
Analysis of 2036 38 Emerald St, San Diego, California 92109 reveals a Fairly Priced Property with a current list price of $2,725,000 aligned with the estimated $2,725,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2036 38 Emerald St Subject | $2,725,000* List Price | 7 | 6 | 3,431 | $794 | - |
A 1215 Grand Ave Sold | $3,150,000 | 6 | 5 | 3,276 | $962 | 0.9 mi |
B 5230 Harbour Heights Court Sold | $2,300,000 | 6 | 3 | 2,923 | $787 | 0.8 mi |
C 1220 Emerald St Active | $3,349,000 List Price | 5 | 4 | 3,270 | $1,024 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 1957, benefits from significant recent updates. The primary home features extensively remodeled kitchen and bathrooms with modern finishes, including white shaker cabinets, quartz countertops, subway tile backsplashes, stainless steel appliances, and updated fixtures, making it appear virtually new. Hardwood flooring and recessed lighting are present throughout the main living areas. The two duplex units, while not as high-end as the primary, are clean, well-maintained, and move-in ready with functional kitchens and bathrooms. A major system update includes a roof replacement in 2023 for the rear building. While the underlying structure is older, the comprehensive renovations and maintenance bring the overall condition to a solid 'Good' score, requiring no immediate renovations.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Strategically located in Pacific Beach, offering excellent coastal access, minutes from the freeway, a short bike ride to Mission Bay and Tourmaline, and steps from essential amenities like Trader Joe's, Vons, and the vibrant Garnet Avenue.
- Income-Generating Triplex
The property is a triplex, providing significant potential for rental income (long-term or short-term) or owner-occupancy with supplemental income from the additional units.
- Recent Renovations & Updates
The primary home features recent kitchen and bathroom remodels, making it move-in ready, and the rear building benefits from a roof replacement in 2023, reducing immediate capital expenditure for a buyer.
CONSRISKS & DEFICIENCIES
- Complex Property Classification
The property has a 'variance granted for alternate property class' and is listed as a 'Single Family Residence' despite being a triplex, which could introduce complexities in financing, insurance, or future legal use.
- Original Construction Age
Built in 1957, the underlying structure is older, which may imply potential for ongoing maintenance or future upgrades beyond the recently remodeled areas.
- Recent Price Reduction
The property has experienced a price reduction from its original listing, which could suggest initial overpricing or slower market interest than anticipated.
About 2036 38 Emerald St
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- -
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 99% |
| Baths | 6.0 | 3.0 | 96% |
| Square foot | 3,431 | 2,016 | 93% |
| Lot Size | - | 3,701 | 24% |
| Price | $2.73M | $2.28M | 76% |
| Price per sq ft | $794 | $1.2K | 4% |
| Built year | 1957 | 1975 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 142 | 157 | 43% |
Pricing History
Listed for Sale
Dec 4, 2025
$2,725,000
$2,800,000
-3% Price Drop
Initial Listing
Price Change
Oct 16, 2025
$2,800,000
Initial Listing