Seize a VERY RARE investment opportunity in the heart of Pacific Beach with this exceptional offering priced under $2M, 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 $95,388 and a net operating income (NOI) of $72,672, currently operating at a satisfying 3.8% cap rate. For those looking to expand their portfolio even further, the 2 adjacent buildings are also up for grabs - 2037 & 2041 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.
MLS #
SD240010098
MLS Source
San Diego MLS
Days on Site
11
Buyer's Brokerage Compensation*
2.00%
Cooling
Other
Roof
Composition
Garage/Parking
Assigned Spaces, Garage: Car(s)
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | – | 4 |
Unit # | Sq Ft | Beds | Baths | Rent |
---|---|---|---|---|
1 | 350 | 0 | 1/0 | $1,380 |
2 | 800 | 2 | 1/0 | $2,500 |
3 | 550 | 1 | 1/0 | $1,980 |
4 | 800 | 2 | 1/0 | $2,911 |
2045 Garnet Ave is a Residential Income in San Diego, CA 92109. This – square foot property sits on a 3,232 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,895,000 and was built in 1980.
This address can also be written as 2045 Garnet Ave, San Diego, CA 92109.©2024 San Diego MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from San Diego MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of May 14, 2024. For the most current information, please contact Monroe Herington, (619) 929-6546