$5,685,000 $30,518 est/mo Sourced by Back At You

2037 Garnet Ave,San Diego, CA 92109

San Diego CA, 92109

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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.

Details

MLS#240010093SD
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Days On Site18
Listing Provided ByeXp Realty of California, Inc. 858-258-7383 | Monroe Herington

Features

Units12
Building(s)3

Market Activity 92109

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountySan Diego
CitySan Diego
Zip Code92109
Area92109 Pacific Beach
Listing VS Median (in 92109)
Price:
$5,685,000
low | high
Med:
$1,289,900
100% of Average
On Site:
18
low | high
Med:
180.000000
10% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 2:07:09 AM PDT