1953 Emerald St
Dbottom 20%San Diego, CA 92109
One license per person in San Diego: whether you can hold it depends on you, not only the home.
This parcel holds a short-term rental license: Tier 3 (whole home), through Apr 2027. It doesn’t transfer: a buyer applies for their own.
171 licensed short-term rentals within ½ mile (120 whole home), from the cities' license and permit lists of Nov 4, 2026.
The listing remarks say short-term rentals are allowed: “Currently operating as a successful Airbnb, the home can be sold fully furnished, creating a true turnkey opportunity.” That's the agent's claim, not the city’s rule.
Pass at asking: -$21,819/mo full cashflow at 20% down, 7.49% rate.
Works at $966,214 (75% under asking); even all cash loses money at asking.
Rent $9,679/mo from 29 leases of 4–6 bed houses within 2 mi ($8,616–$13,652).
Beds
5
Baths
4
Sqft
2,556
Year Built
1952
Days on Market
45
Property Type
Single Family
HOA/mo
N/A
MLS ID
260022995SD
This property is in San Diego (92109). View neighborhood stats →
About This Property
Exceptional Pacific Beach residence and/or investment opportunity just blocks from the sand! This unique property features a beautifully upgraded 5-bedroom, 3-bath main residence plus four newly built (2025) 1-bedroom, 1-bath ADUs, offering the perfect blend of coastal living and strong rental income. The main home is fully of upgrades, an open-concept floor plan, a lower-level game room, and a private outdoor hot tub—ideal for entertaining or relaxing after a day at the beach. Currently operating as a successful Airbnb, the home can be sold fully furnished, creating a true turnkey opportunity. Situated behind the main residence is a separate building with four modern ADUs, each offering approximately 328 sq. ft and on their own electric meters. Built in 2025, each unit is currently rented for $2,400 per month, providing immediate and reliable cash flow. Enjoy easy access to the beach, restaurants, shopping, and everything Pacific Beach has to offer. Exceptional Pacific Beach residence and/or investment opportunity just blocks from the sand! This unique property features a beautifully upgraded 5-bedroom, 3-bath main residence plus four newly built (2025) 1-bedroom, 1-bath ADUs, offering the perfect blend of coastal living and strong rental income. The main home is fully of upgrades, an open-concept floor plan, a lower-level game room, and a private outdoor hot tub—ideal for entertaining or relaxing after a day at the beach. Currently operating as a successful Airbnb, the home can be sold fully furnished, creating a true turnkey opportunity. Situated behind the main residence is a separate building with four modern ADUs, each offering approximately 328 sq. ft and on their own electric meters. Built in 2025, each unit is currently rented for $2,400 per month, providing immediate and reliable cash flow. Enjoy easy access to the beach, restaurants, shopping, and everything Pacific Beach has to offer.
Mortgage Calculator
Est. Monthly Payment
$26,109
Location
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Zoned Schools
Elementary
Sessions Elementary · grades K-5 · San Diego Unified
Middle
Pacific Beach Middle · grades 6-8 · San Diego Unified
High
Mission Bay High · grades 9-12 · San Diego Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$9,679
Comp Average
$9,883
853 Sapphire
5bd / 6ba · 2,759 sqft · Single Family
$3.19M
Est. $10,970/mo
1920 Beryl St
5bd / 4ba · 3,054 sqft · Single Family
$3.75M
Est. $10,894/mo
4801 Academy
5bd / 5.5ba · 2,923 sqft · Single Family
$3.65M
Est. $10,350/mo
836 Beryl Street
4bd / 4ba · 2,343 sqft · Single Family
$3.30M
Est. $9,209/mo
2636 Strand Way
4bd / 5ba · 2,626 sqft · Single Family
$4.50M
Est. $7,990/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
29 leases of 4–6 bed houses within 2 mi · $8,616–$13,652
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$21,819/mo short at 20% down; +$28,336/mo rent closes it.
- Break-even price
- $966,214
- Break-even rent
- $38,015/mo
- Cashflow at 35% down
- −$17,843/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
75% under asking
$28,336/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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