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3129 Emerson St1 / 65 · Click to zoom

About this home

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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Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk
🏷 Last sold$2,000,000 · Dec 2024
📋 Assessed value$2,040,000
💵 Annual tax$25,590
🏫 School districtSan Diego City Unified School District

MLS #260011451

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone
🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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Down payment %
Interest rate %
Loan term (yrs)
Property tax %/yr
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Estimated total monthly payment
$20,987
Principal & interest$16,939
Property tax$3,071
Home insurance$977
Down payment: $670,000Loan: $2,680,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.