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2045 Garnet Ave

San Diego, CA 92109
  • $1,895,000
  • STATUS: ACTIVE
  • ON SITE: 10 Days
  • ID#: 240010098
UPDATED: 35 min ago
$1,895,000
  • 5
    BEDS
  • 0.07
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,500
    SQFT
  • $758
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

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.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/150332482
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2045 Garnet Ave San Diego, CA 92109

  • Price: $1,895,000
  • Status: ACTIVE
  • On Site: 10 Days
  • Updated: 35 min ago
  • ID#: 240010098
5
Beds
4
Baths
0
½ Baths
0.07
Acres
2,500
SQFT
$758
$/SQFT
1980
Built
Neighborhood:
Pacific Beach
County:
San Diego
Area:
Pacific Beach (92109)
Property 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.
Exterior Features

Exterior Stucco Fencing N/K Parking Non Garage Desc Unit1 Assigned Parking Non Garage Desc Unit2 Assigned Parking Non Garage Desc Unit3 Assigned Roof Composition Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 3

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 4 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0

Property Features

Actual Cap Rate 3.8 Age Restrictions N/K Annual Expense Actual 22716 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community PACIFIC BEACH Complex Park Pacific Beach Cross Streets Noyes/Morrell Gross Rent Multiplier Actual 20.0 Gross Scheduled Income Actual 95388 Mandatory Remarks None Known Market Area Coastal South Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms Other/Remarks Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 1380.0 Unit1 Rent Actual 1853.0 Unit2 Deposit 1000 Unit2 Occupied Tenant Unit2 Projected Rent 2320.0 Unit2 Rent Actual 2500.0 Unit3 Deposit 1350 Unit3 Occupied Tenant Unit3 Projected Rent 1801 Unit3 Rent Actual 1980.0 Unit4 Deposit 1000 Unit4 Occupied Tenant Unit4 Projected Rent 2448 Unit4 Rent Actual 2911.0

San Diego MLS logo Listing provided courtesy of Monroe Herington of eXp Realty of California, Inc.: 619-929-6546. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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