2037 Garnet Avenue
2037 Garnet Avenue
$1,895,000
5
4
2,480
2,480
$764
Description
Seize a VERY RARE investment opportunity in the heart of Pacific Beach with this exceptional offering priced at only $1.895M, 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...Seize a VERY RARE investment opportunity in the heart of Pacific Beach with this exceptional offering priced at only $1.895M, 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 $113,628 and a net operating income (NOI) of $83,774 currently operating at a satisfying 4.4% cap rate. For those looking to expand their portfolio even further, the 2 adjacent buildings are also up for grabs - 2041 & 2045 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.
Property Details for 2037 Garnet Avenue
Area
Pacific Beach (92109)
NeighborhoodPacific Beach
CommunityPACIFIC BEACH
City Postal IDPACIFIC BEACH (92109)
Cross Street(s)Noyes/Morrell
Location
LISTING UPDATED: 05/10/2024 05:30 PM
Property Details for 2037 Garnet Avenue
Status | Active |
---|---|
MLS # | 240010095 |
Days on Market | 11 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1980 |
Lot Size | 0.08 AC / 3,484 SF |
County | San Diego County |
Location
Building Information for 2037 Garnet Avenue
Stories1Residences-Year Built1980Building Size-Lot Size0.08 AC / 3,484 SF
Payment Calculator
$11,391 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2037 Garnet Avenue
Property History for 2037 Garnet Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2037 Garnet Avenue
Taxable ValueLand$739,587Additions$284,456Total$1,024,043
Tax Record2023$12,589 ($1,049 / month)
Home Facts
Total Finished SqFt2,489 SqFtAbove Grade Finished SqFt2,489 SqFtLot Size3,310 SqFtStyleMulti-Family Dwelling (2-4)Year Built1980ZoningCOMMERCIALCountySAN DIEGOAPN424-051-06-00
Schools near 2037 Garnet Avenue
This home is within San Diego Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 6 |
Rating | School | Distance |
---|---|---|
Sessions Elementary School PublicK to 5 | ||
Pacific Beach Middle School Public6 to 8 | ||
Mission Bay High School Public9 to 12 | ||
Barnard Elementary School PublicK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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