Properties

Property Description

Seize a VERY RARE investment opportunity in the heart of Pacific Beach with this exceptional offering priced at only $1.895M, breaking down to approximately $473K per door! This unique property encompasses a great unit mix of (2) 2-bedroom/1-bathroom units, (1) 1-bedroom/1-bathroom unit, and (1) studio unit. Its prime location ensures high desirability, being just a short walk away from popular restaurants, cozy coffee shops, Trader Joe’s, and the serene bay. The property also boasts quick freeway access, enhancing its appeal to potential renters. With impressive curb appeal, this investment generates a gross income of $113,628 and a net operating income (NOI) of $83,774 currently operating at a satisfying 4.4% cap rate. For those looking to expand their portfolio even further, the 2 adjacent buildings are also up for grabs – 2041 & 2045 Garnet, presenting an even bigger opportunity in this coveted area. Don’t miss out on this exceptional chance to own a piece of Pacific Beach.

Features
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Address Map
CA
San Diego
San Diego
Pacific Beach
92109
Garnet Ave
2037
E0° 0' 0''
N0° 0' 0''
92109 - Pacific Beach
CrossStreet: Noyes/Morrell
Neighborhood
Neighborhood
MLS Addon
eXp Realty of California, Inc.
Monroe Herington
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Additional Information
https://www.propertypanorama.com/instaview/snd/240010095
1
1
Pacific Beach
2024-05-08
4
: One
Listing Information
SAND-672823
SAND-8928
Active
2024-05-11T00:27:38Z
CRMLS
2024-05-07T17:00:00Z

Residential Income For Sale

2037 Garnet Ave, San Diego, California 92109

0.08 Acre
$1,895,000
Listing ID #240010095SD
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 240010095SD
Price : $1,895,000
Year Built : 1980
Lot Area : 0.08 Acre
Status : Active
Roof : Composition
Agent info
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