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Brian Aarestad, Sales Associate
FOR SALE
$1,895,000

2037 Garnet Ave
San Diego, CA 92109

Multi-Family
Residence
5
Beds
4
Baths
2,480
Sqft
0.08
Lot Size
Courtesy: Monroe Herington - eXp Realty of California, Inc.
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.
240010095
Multi-Family, 1 Story
5
San Diego
4 Full
1980
0.08 Acres
1
Stucco
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Data Provided by Onboard
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Walk Score

Transit Score

Courtesy: Monroe Herington - eXp Realty of California, Inc.
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Information is deemed reliable but is not guaranteed.