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Property Description

Discover an unparalleled investment opportunity in the heart of Pacific Beach. This rare offering includes 12 units available for only $4.895M, equating to an exceptional value of approximately $408K per door. Each 4 unit building has it’s own parcel number allowing for 2-4 unit residential financing with only $979K down! The property boasts a diverse and desirable unit mix, featuring (6) 2-bedroom/1-bathroom units, (3) 1-bedroom/1-bathroom units, and (3) 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 an annual gross income of $316,140 with net of $233,795. Operating at a 4.8% cap rate, this investment promises both immediate returns and significant potential for future appreciation.

Additional Information
eXp Realty of California, Inc.
0
SAND-672823
SAND-8928
Monroe
424051(0608)

Commercial Sale For Sale

2037 Garnet Ave, San Diego, California 92109

$4,895,000
Listing ID #240014972SD
Basic Details
Status : Active
DaysOnMarket : 2
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 240014972SD
Price : $4,895,000
Country : US
State : California
County : San Diego
City : San Diego
Zipcode : 92109
ModificationTimestamp : 2024-06-28 20:21:24
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