1940 Garnet Ave - Medical FOR SALE


San Diego, CA 92109- Pacific Beach
$1,315,000 USD
510-290-9647
1940 Garnet Ave, San Diego, CA for Sale
$1,315,000 USD
Medical - FOR SALE
1/43
null | 5.9% Cap Rate

1940 Garnet Ave
San Diego, CA 92109
Pacific Beach


HIGHLIGHTS

  • Centrally located office condo in Pacific Beach, one of San Diego's most desirable submarkets.
  • Offered below recent comps, which have averaged $343/SF with sales trading up to $469/SF.
  • Income + owner-user flexibility: currently leased with potential for future owner-occupancy.
  • Practical and efficient layout with central common area, perimeter offices, break room, and storage.
  • Recent capital improvements, with building-wide systems maintained through HOA oversight.
  • Situated within a well-maintained professional office building with long- standing reputation and strong curb appeal.

OVERVIEW

Garnet Pacific Plaza offers a rare opportunity to acquire a 4,561 square-foot office condominium within a well-maintained 19,174 square-foot professional building in San Diego's Pacific Beach. The property is currently leased, providing stable in-place income while offering flexibility for a future owner-user. Priced below recent market comparables, the unit combines immediate cash flow with upside potential as market rents continue to strengthen. The suite features a functional floor plan with a central common area, perimeter private offices, a break room, and dedicated storage. Constructed in 1984 and renovated in 2006, the building has benefited from ongoing maintenance and capital improvements overseen by the HOA, supporting long-term operational stability.

FOR SALE DETAILS

PRICE

$1,315,000 USD

PRICE/SF

$69 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Garnet Pacific Plaza Suite 120

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

CC-4-2

APN/PARCEL ID

416-533-25-01,416-533-25-02

ASK ABOUT THIS PROPERTY

James KilpatrickNAI Northern CaliforniaMore Info
510-290-9647

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James KilpatrickNAI Northern CaliforniaMore Info
510-290-9647

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.