Property Detail
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, enhancing its appeal to potential renters. With impressive curb appeal, this investment generates a gross income of $95,388 and a net operating income (NOI) of $72,672, currently operating at a satisfying 3.8% cap rate. For those looking to expand their portfolio even further, the 2 adjacent buildings are also up for grabs - 2037 & 2041 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.
Map Location
Listing provided courtesy of Monroe Herington of eXp Realty of California, Inc.. Last updated 2024-05-11 09:14:28.000000. Listing information © 2021 SANDICOR.
Angelica Wallace
Real Estate Professional
CA DRE# 01393526
10755 Scripps Poway Parkway, Suite 521
San Diego, CA 92131
(619) 772-2054
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CA DRE# 01393526
BROKER# 01177812
10755 Scripps Poway Parkway, Suite 521 San Diego, CA 92131
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