MLS# 240010093 - 2037-2045 Garnet Ave, San Diego, CA 92109
Courtesy of eXp Realty of California, Inc..
Property Type:
Com-res Income
Status:
Active
Days On Website:
11
Property Details for 2037-2045 Garnet Ave, San Diego, CA 92109
Description
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.
Open House
Features
Appliances & Equipment
- 12 units with dishwasher
- 12 units with range
- 12 units with refrigerator
Bedrooms
- 3 bedrooms
Building
- 1980 years old
- 1 story
Expenses
- Operating expense: $82,342
Listing
- Source: SDMLS
- For Sale
- 2 days on market
- Listing date: 2024-05-08
Location
- County: San Diego
Parking
- 9 total parking spaces
Unit One
- 1 bathroom
- 3 units of this type
Unit Two
- 1 bathroom
- 3 units of this type
- 1 bedroom
Unit Three
- 1 bathroom
- 6 units of this type
- 2 bedrooms
Property Map
Map View
$5,685,000 - 2037-2045 Garnet Ave, San Diego, CA 92109
Street View
Directions
2037-2045 Garnet Ave
San Diego, CA 92109
County: San Diego