Listing provided courtesy of Monroe Herington of eXp Realty of California, Inc.. Last updated 2024-05-20 09:21:31.000000. Listing information © 2022 Sandicor.
Asking Price: $5,685,000
2037 Garnet Ave, San Diego CA 92109
Community: 92109 - Pacific Beach
This Commercial/Residential property was built in 0 and is priced at $5,685,000. Please see the additional details below.
Discover an unparalleled investment opportunity in the heart of Pacific Beach. This rare offering includes 12 units available for only $5.685M, equating to an exceptional value of approximately $473K per door. Each 4 unit building has it's own parcel number allowing for 2-4 unit residential financing with only $1.1M down! The property boasts a diverse and desirable unit mix, featuring six 2-bedroom/1-bathroom units, three 1-bedroom/1-bathroom units, and three studio units. Perfectly positioned, residents have the luxury of being just steps away from an array of restaurants, cafes, and key amenities including Trader Joe's, not to mention easy access to the bay and quick connections to major freeways. The property itself exudes great curb appeal and is currently generating a gross income of $342,540 with a net operating income (NOI) of $260,198. Operating at a 4.6% cap rate, this investment promises both immediate returns and significant potential for future appreciation. A truly exceptional chance to own a piece of Pacific Beach.
