$1,895,000
Units: 4
11 Days On Market

Courtesy of eXp Realty of California, Inc..

Property Type: Res Income 2-4 Units
Status: Active
Neighborhood: Ca
Days On Website: 11

Property Details for 2037 Garnet Ave, San Diego, CA 92109

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.

Appliances & Equipment

  • 4 units with oven
  • 4 units with refrigerator
  • 4 units with dishwasher

Building

  • 4 units
  • Built in 1980
  • 1 story
  • 1 building

Exterior Features

  • 3 units with patio
  • Stucco

Listing

  • Source: SDMLS
  • Listing date: 2024-05-08
  • 2 days on market
  • For Sale

Location

  • County: San Diego
  • Complex/park: Pacific Beach
  • Community: Pacific Beach

Lot

  • Approximately 3,310 lot square feet
  • Approximately 0 acres
  • 1-3,999 SF

Fence

  • Gate

Unit One

  • Projected Rent: $1,952
  • Actual Rent: $1,700
  • 1 total bathroom
  • 1 full bathroom
  • 400 estimated square feet
  • Laundry hookups: No
  • Assigned
  • Occupancy: Tenant
  • Deposit: $800

Unit Two

  • Projected Rent: $3,263
  • Actual Rent: $2,500
  • 2 bedrooms
  • 1 total bathroom
  • 1 full bathroom
  • 750 estimated square feet
  • Laundry hookups: No
  • 1 non-garage parking space
  • Assigned
  • Occupancy: Tenant
  • Deposit: $2,000

Unit Three

  • Projected Rent: $2,190
  • Actual Rent: $1,980
  • 1 bedroom
  • 1 total bathroom
  • 1 full bathroom
  • 580 estimated square feet
  • Laundry hookups: Common
  • Assigned
  • Occupancy: Tenant
  • Deposit: $800

Unit Four

  • Projected Rent: $3,263
  • Actual Rent: $2,911
  • 2 bedrooms
  • 1 total bathroom
  • 1 full bathroom
  • 750 estimated square feet
  • Laundry hookups: Common
  • Occupancy: Tenant
  • Deposit: $1,000

Roof

  • Composition

Map View


$1,895,000 - 2037 Garnet Ave, San Diego, CA 92109

Street View


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2037 Garnet Ave
San Diego, CA 92109
County: San Diego