Listing provided courtesy of Monroe Herington of eXp Realty of California, Inc.. Last updated 2024-05-19 08:11:42.000000. Listing information © 2022 Sandicor.
Asking Price: $1,895,000
2041 Garnet Ave, San Diego CA 92109
Community: 92109 - Pacific Beach
This property was built in 1980 and is priced at $1,895,000. Please see the additional details below.
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 $133,524 and a net operating income (NOI) of $103,752, currently operating at a satisfying 5.50% cap rate. For those looking to expand their portfolio even further, the 2 adjacent buildings are also up for grabs - 2037 & 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.
