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2045 Garnet Ave San Diego, CA 92109
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Key Details
Sold Price $1,725,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 350 sqft
Price per Sqft $4,928
Subdivision Pacific Beach
MLS Listing ID 240014971
Sold Date 10/02/24
Bedrooms 5
Full Baths 4
HOA Y/N No
Year Built 1980
Lot Size 3,232 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
This unique 4 unit property encompasses a great 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 restaurants, coffee shops, Trader Joe's, and the bay. Quick freeway access, also enhances its appeal to potential renters. Gross income of $95,388 and a net operating income (NOI) of $72,672. Currently operating at a strong 4.4% cap rate. For those looking to expand their portfolio even further, the 2 adjacent buildings are also available - 2037 & 2041 Garnet.
Location
State CA
County San Diego
Community Pacific Beach
Area Pacific Beach (92109)
Building/Complex Name Pacific Beach
Exterior
Exterior Feature Stucco
Roof Type Composition
Building
Story 1
Lot Size Range 1-3999 SF
Level or Stories 1 Story
Others
Acceptable Financing Other/Remarks
Space Rent $1,380
Listing Terms Other/Remarks
Financing VA
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Bought with Richard A Hoyt • Real Broker