2037-2045 Garnet Ave, San Diego, CA 92109

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Residential IncomeFor Sale

$4,995,000

2037-2045 Garnet Ave

San Diego, CA 92109

Listing Provided Courtesy of eXp Realty Of California, Inc.

MLS: San Diego Multiple Listing Service (SDMLS)

Est. Mortgage

$25,883/mo

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.

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Listing Courtesy of eXp Realty Of California, Inc.. San Diego Multiple Listing Service, Inc. “SDMLS” Last Updated: 11/01/2024 07:12 PM

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