MLS# 240010098 - 2045 Garnet Ave, San Diego, CA 92109
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 2045 Garnet Ave, San Diego, CA 92109
Description
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.
Open House
Features
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
- 6 days on market
- For Sale
Location
- County: San Diego
- Complex/park: Pacific Beach
- Community: Pacific Beach
Lot
- Approximately 3,232 lot square feet
- Approximately 0 acres
- 1-3,999 SF
Unit One
- Projected Rent: $1,380
- Actual Rent: $1,853
- 1 total bathroom
- 1 full bathroom
- 350 estimated square feet
- Laundry hookups: Common
- Assigned
- Occupancy: Tenant
Unit Two
- Projected Rent: $2,320
- Actual Rent: $2,500
- 2 bedrooms
- 1 total bathroom
- 1 full bathroom
- 800 estimated square feet
- Laundry hookups: Common
- 1 non-garage parking space
- Assigned
- Occupancy: Tenant
- Deposit: $1,000
Unit Three
- Projected Rent: $1,801
- Actual Rent: $1,980
- 1 bedroom
- 1 total bathroom
- 1 full bathroom
- 550 estimated square feet
- Laundry hookups: Common
- Assigned
- Occupancy: Tenant
- Deposit: $1,350
Unit Four
- Projected Rent: $2,448
- Actual Rent: $2,911
- 2 bedrooms
- 1 total bathroom
- 1 full bathroom
- 800 estimated square feet
- Laundry hookups: Common
- Occupancy: Tenant
- Deposit: $1,000
Roof
- Composition
Property Map
Map View
$1,895,000 - 2045 Garnet Ave, San Diego, CA 92109
Street View
Directions
2045 Garnet Ave
San Diego, CA 92109
County: San Diego