2041 Garnet Avenue

San Diego, CA 92109

$1,895,000
Price
5
Beds
4
Baths
2,500 Sq. Ft.
$758 / Sq. Ft.
2,500
Sq. Ft.
$758
per Sq. Ft.

Description

Seize a VERY RARE investment opportunity in the heart of Pacific Beach with this exceptional offering priced under $2M, 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,...Seize a VERY RARE investment opportunity in the heart of Pacific Beach with this exceptional offering priced under $2M, 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 $133,524 and a net operating income (NOI) of $103,752, currently operating at a satisfying 5.50% cap rate. For those looking to expand their portfolio even further, the 2 adjacent buildings are also up for grabs - 2037 & 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 2041 Garnet Avenue

Area
Pacific Beach (92109)
Neighborhood
Pacific Beach
Community
PACIFIC BEACH
City Postal ID
PACIFIC BEACH (92109)
Cross Street(s)
Noyes/Morrell

Location

Listing Courtesy of eXp Realty of California, Inc., Monroe Herington, DRE #01930053
Add your commute
LISTING UPDATED: 05/10/2024 05:32 PM

Property Details for 2041 Garnet Avenue

StatusActive
MLS #240010097
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1980
Lot Size0.08 AC / 3,484 SF
CountySan Diego County

Location

Listing Courtesy of eXp Realty of California, Inc., Monroe Herington, DRE #01930053
Add your commute

Building Information for 2041 Garnet Avenue

Stories1Residences-Year Built1980Building Size-Lot Size0.08 AC / 3,484 SF

Payment Calculator

$11,138 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,342

Property Taxes

$796

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2041 Garnet Avenue

Summary Information
Property and Location
  • System ID: 240010097
  • Class: 2-4 UNITS
  • Levels: 1 Story
  • Year Built: 1980
  • Street Number Numeric: 2041
  • Street Name: Garnet Ave
  • Map Coordinates: 1248B5
  • Age Restrictions: N/K
  • Market Area: Coastal South
HOA and Fees
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 4
  • Num of Units w/Cooling: 0
  • Cooling: None
Exterior Features
  • Exterior: Stucco
  • Roof: Composition
  • Fencing: N/K
  • Security: N/K
Property Information
Property and Assessments
  • Total Stories: 1
  • Entry Only: No
  • Lot Size: 1-3,999 SF
  • Lot Size Source: Assessor Record
  • Zoning: COMMERCIAL
  • Complex/Park: Pacific Beach
  • Assessors Parcel Num: 424-051-07-00
Multi Family Information
Unit 1
  • Parking Non-Garage Unit 1: Assigned
  • Unit 1 Num of Bedrooms: 0
  • Unit 1 Num of Total Baths: 1
  • Unit 1 Deposit: $1,300
  • Unit 1 Estimated SqFt: 350
  • Unit 1 Exclusive Use Yard: No
  • Unit 1 Laundry Hook Ups: Common
  • Unit 1 Occupied: Tenant
  • Unit 1 Prkng Garage Space: 1
  • Unit 1 Projected Rent: $1,700
  • Unit 1 Rent Actual: $1,853
Unit 2
  • Parking Non-Garage Unit 2: Assigned
  • Unit 2 Num of Bedrooms: 2
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Deposit: $1,000
  • Unit 2 Estimated SqFt: 800
  • Unit 2 Exclusive Use Yard: No
  • Unit 2 Laundry Hook Ups: Common
  • Unit 2 Occupied: Tenant
  • Unit 2 Projected Rent: $2,277
  • Unit 2 Rent Actual: $2,500
Unit 3
  • Parking Non-Garage Unit 3: Assigned
  • Unit 3 Num of Bedrooms: 1
  • Unit 3 Num of Total Baths: 1
  • Unit 3 Deposit: $800
  • Unit 3 Estimated SqFt: 550
  • Unit 3 Exclusive Use Yard: No
  • Unit 3 Laundry Hook Ups: Common
  • Unit 3 Occupied: Tenant
  • Unit 3 Projected Rent: $4,300
  • Unit 3 Rent Actual: $2,158
Unit 4
  • Unit 4 Num of Bedrooms: 2
  • Unit 4 Num of Total Baths: 1
  • Unit 4 Deposit: $1,000
  • Unit 4 Estimated SqFt: 800
  • Unit 4 Exclusive Use Yard: No
  • Unit 4 Laundry Hook Ups: Common
  • Unit 4 Occupied: Tenant
  • Unit 4 Projected Rent: $2,850
  • Unit 4 Rent Actual: $2,911

Property History for 2041 Garnet Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2041 Garnet Avenue

Taxable ValueLand$597,447Additions$175,717Total$773,164
Tax Record2020$9,550 ($796 / month)
Home Facts
Total Finished SqFt2,489 SqFtAbove Grade Finished SqFt2,489 SqFtLot Size3,123 SqFtStyleMulti-Family Dwelling (2-4)Year Built1980Year Renovated1980ZoningCCountySAN DIEGOAPN4240510700

Schools near 2041 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.

Similar Homes

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2041 Garnet Avenue is a multi-family home for sale in San Diego, CA 92109. This property was listed for sale on May 7, 2024 by eXp Realty of California, Inc., it's currently listed at $1,895,000. This listing's school district is San Diego Unified School District. Nearby schools include Sessions Elementary School, Pacific Beach Middle School and Mission Bay High School. 2041 Garnet Avenue is a 5-bed, 4-bath, 2,500 sqft multi-family home built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California, Inc., Monroe Herington, DRE #01930053

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