3
Beds
2
Baths
0
ft²
Projected Value
$0.00M
Emerson
A hidden local gem turned into a multi-family masterpiece
The Team
The Team
Kris Armstrong
Co-Founder & Principal Developer
Kris Armstrong
Co-Founder & Principal Developer
General Info
General Info
Descritpion
Rent Stabilized
3
Beds
2
Baths
0
ft²
$1.4
3121-3123 Emerson Street began with the off-market acquisition of a duplex in December 2023. The property was renovated and stabilized within months and is currently operated as a mix of short- and mid-term rentals, generating income to offset carry costs during the planning and permitting phase. The plan is to fully redevelop the site into four individual townhomes, with an anticipated timeline of 12–18 months for planning and permitting, 15–18 months for construction buildout, and an additional 3–6 months for marketing and sales. Subject to market conditions, the project targets an approximately 36-month exit.
Features
Property Ameneties
Property Ameneties
Interior
Bedrooms
3
Bathrooms
2
Flooring
Hardwood floors
Lighting
Energy Efficient LED
Yes
Laundry Room
A/C
Interior
Interior
Bedrooms
3
Bathrooms
2
Flooring
Hardwood floors
Lighting
Energy Efficient LED
Yes
Laundry Room
A/C
Interior
Interior
Bedrooms
3
Bathrooms
2
Flooring
Hardwood floors
Lighting
Energy Efficient LED
Yes
Laundry Room
A/C
Interior
Exterior
Yard
Parking
Fitness
Pool
Security
Amenities
Services
Exterior
Exterior
Yard
Parking
Fitness
Pool
Security
Amenities
Services
Exterior
Area
Transit
San Diego International Airport 3.9 miles away
Parks
Near Old Town San Diego Historic District and Shelter Island
Shopping
Shopping centers within 1.3 miles
Dining
Health
Education
Cabrillo Elementary and Point Loma High School
Entertainment
Area
Prime Point Loma location with beach proximity and strong submarket demand
Area
Transit
San Diego International Airport 3.9 miles away
Parks
Near Old Town San Diego Historic District and Shelter Island
Shopping
Shopping centers within 1.3 miles
Dining
Health
Education
Cabrillo Elementary and Point Loma High School
Entertainment
Area
Prime Point Loma location with beach proximity and strong submarket demand
Neighborhood
Safety
Community
Roseville-Fleet Ridge neighborhood in Point Loma. One block from Shelter Island, close to marinas and yacht clubs
Vibe
Coastal, walkable, bike-friendly vibe close to Downtown San Diego (6 miles)
Events
Market
Walkability
Walk Score: 89 - Very Walkable, bike-friendly
Accessibility
Neighborhood
Neighborhood
Safety
Community
Roseville-Fleet Ridge neighborhood in Point Loma. One block from Shelter Island, close to marinas and yacht clubs
Vibe
Coastal, walkable, bike-friendly vibe close to Downtown San Diego (6 miles)
Events
Market
Walkability
Walk Score: 89 - Very Walkable, bike-friendly
Accessibility
Neighborhood
Property Tour
Property Tour
Location
Video
FAQ
FAQ
FAQ
Questions Regarding This Property
What makes Crown Point different from other real estate funds?
We're a vertically integrated developer-operator, not just a capital allocator. Our principals design, build, and manage every property in our portfolio. This end-to-end control means faster execution, lower costs, and direct oversight of value creation—from acquisition through disposition.
What is your investment focus and geographic strategy?
We exclusively target coastal real estate in San Diego and Florida markets. Our strategy combines immediate value-add improvements that drive NOI growth with patient entitlement work that unlocks density, use changes, and redevelopment opportunities. This dual-track approach generates current returns while building long-term appreciation.
Who can invest in Crown Point Equities?
Our 506(c) fund is limited to accredited investors as defined by SEC regulations. This typically includes individuals with $200K+ annual income ($300K joint), $1M+ net worth (excluding primary residence), or holders of Series 7, 65, or 82 licenses. We require investor qualification verification before providing offering materials.
How do you create value in coastal properties?
We target underperforming assets where current use doesn't reflect highest-and-best potential. Through strategic renovations we force immediate appreciation and rental growth. Simultaneously, we navigate complex coastal entitlement processes to secure density increases, mixed-use conversions, or ground-up redevelopment rights—compounding returns over our hold period.
What makes Crown Point different from other real estate funds?
We're a vertically integrated developer-operator, not just a capital allocator. Our principals design, build, and manage every property in our portfolio. This end-to-end control means faster execution, lower costs, and direct oversight of value creation—from acquisition through disposition.
What is your investment focus and geographic strategy?
We exclusively target coastal real estate in San Diego and Florida markets. Our strategy combines immediate value-add improvements that drive NOI growth with patient entitlement work that unlocks density, use changes, and redevelopment opportunities. This dual-track approach generates current returns while building long-term appreciation.
Who can invest in Crown Point Equities?
Our 506(c) fund is limited to accredited investors as defined by SEC regulations. This typically includes individuals with $200K+ annual income ($300K joint), $1M+ net worth (excluding primary residence), or holders of Series 7, 65, or 82 licenses. We require investor qualification verification before providing offering materials.
How do you create value in coastal properties?
We target underperforming assets where current use doesn't reflect highest-and-best potential. Through strategic renovations we force immediate appreciation and rental growth. Simultaneously, we navigate complex coastal entitlement processes to secure density increases, mixed-use conversions, or ground-up redevelopment rights—compounding returns over our hold period.
What makes Crown Point different from other real estate funds?
We're a vertically integrated developer-operator, not just a capital allocator. Our principals design, build, and manage every property in our portfolio. This end-to-end control means faster execution, lower costs, and direct oversight of value creation—from acquisition through disposition.
What is your investment focus and geographic strategy?
We exclusively target coastal real estate in San Diego and Florida markets. Our strategy combines immediate value-add improvements that drive NOI growth with patient entitlement work that unlocks density, use changes, and redevelopment opportunities. This dual-track approach generates current returns while building long-term appreciation.
Who can invest in Crown Point Equities?
Our 506(c) fund is limited to accredited investors as defined by SEC regulations. This typically includes individuals with $200K+ annual income ($300K joint), $1M+ net worth (excluding primary residence), or holders of Series 7, 65, or 82 licenses. We require investor qualification verification before providing offering materials.
How do you create value in coastal properties?
We target underperforming assets where current use doesn't reflect highest-and-best potential. Through strategic renovations we force immediate appreciation and rental growth. Simultaneously, we navigate complex coastal entitlement processes to secure density increases, mixed-use conversions, or ground-up redevelopment rights—compounding returns over our hold period.
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