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for saleRealtyLens property overview
$3,350,000

3129 Emerson St

San Diego, CA, 92106
View more San Diego, CA property pages
8Beds
6Baths
3,525Sqft
$950$/sqft

Comps

Listing Notes

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.

Market Insights

Above nearby median+15%

$950/sqft vs a nearby median of $828/sqft.

Nearby median$828/sqft
Nearby properties6
Property size3,525 sqft
  • +15% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 3,525 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$2.92M$2.63M$3.21M · 42% confidence
vs ask $3.35M+$431k (+12.9%)

Asking price is about 12.9% above where comps + adjustments land — there is room to negotiate.

$828/sqft median across 5 tight comps × 3,525 sqft= $2.92M
Cumulative NYC adjustments+$0+0.0%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position+15% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
0 days
Last price change
No change recorded
Listed
May 12, 2026
Photos
10 photos
Property type
multi family
Status
for sale

Features & Amenities

Pets AllowedRental PropertyDen

Photos

Price History

May 13, 2026Initial record
$3,350,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.