2033 Garnet Ave - Apartments FOR SALE


San Diego, CA 92109- Pacific Beach
$2,099,999 USD
714-225-5253
2033 Garnet Ave, San Diego, CA for Sale
$2,099,999 USD
Apartments - FOR SALE
1/44
null | 4.84% Cap Rate

2033 Garnet Ave
San Diego, CA 92109
Pacific Beach


HIGHLIGHTS

  • Views of Mission Bay
  • Walkable to local hot spots
  • Bike to the beach
  • Close freeway access
  • Fully remodeled and updated
  • All units with electric wall heaters

OVERVIEW

Prime coastal investment property in desirable location off Garnet Ave in the heart of Pacific Beach! Strong Cap Rate of 4.84% with a market cap over 5% and a price per unit at $525k! All 4 units fully remodeled and updated, entire building with brand new windows and repainted along with parking lot asphalt resurfaced all within the past 6 months. All 4 units fully leased with secure 12 month leases, tenants pay for electric and water. Unit B has views of Mission Bay, entire complex is walkable to prime eateries, entertainment and grocery stores, a bike ride to the beach with very close freeway access. 3 parking spots, private balcony, communal washer and dryer with dedicated laundry room.

FOR SALE DETAILS

PRICE

$2,099,999 USD

PRICE/SF

$844 USD /SF

# OF UNITS

3

PRICE/UNIT

$700,000

CAP RATE

4.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

CO-1-2

APN/PARCEL ID

424-051-05

ASK ABOUT THIS PROPERTY

Michelle MarierRise RealtyMore Info
714-225-5253

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Michelle MarierRise RealtyMore Info
714-225-5253

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