Two-Story Mixed-Use Restaurant
1130 Garnet Avenue San Diego, CA 92109
1130 Garnet Avenue, San Diego, CA, 92109
Contact for pricing
For Sale
Contact for pricing
Mixed-use building with a ground-floor restaurant tenancy and a second-floor short-term rental unit.
Property Size3,019 SF
Lot Size0.14 Acres
Price / SF$828.09
Days on Market54
Property Features for 1130 Garnet Avenue
General Information
- Standard status
- Active
- Size
- 3,019 SF
- Lot size
- 0.14 Acres
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1980
Listing agency
Voit Real Estate Services Voit Carlsbad
(858) 458-3348
Listed by
Max Stone · License #01944151
Source
Crexi
Added: May 29 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 6:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Voit Real Estate Services Voit Carlsbad
Investment Insights
Based on property information with market context.
This two-story mixed-use building offers approximately 3,019 square feet on an approximately 0.14-acre lot. The ground floor is currently occupied by Zen Sushi, with the lease term set to expire December 31, 2026. The second-floor residential unit is used as a short-term rental and is currently vacant.
The property is located along Garnet Avenue in Pacific Beach’s primary retail and dining corridor, positioning the restaurant space within an active commercial area. This configuration provides separate floors for distinct uses, with the street-facing portion occupied by an established restaurant operation and the residential level available to be re-occupied.
For buyers seeking a mixed-use setup, the combination of an operating restaurant tenant on the ground level and a separately utilized residential unit above can support a variety of owner strategies, including maintaining the restaurant tenancy through the stated lease expiration while determining the next use and leasing approach for the vacant short-term rental unit.
The property is located along Garnet Avenue in Pacific Beach’s primary retail and dining corridor, positioning the restaurant space within an active commercial area. This configuration provides separate floors for distinct uses, with the street-facing portion occupied by an established restaurant operation and the residential level available to be re-occupied.
For buyers seeking a mixed-use setup, the combination of an operating restaurant tenant on the ground level and a separately utilized residential unit above can support a variety of owner strategies, including maintaining the restaurant tenancy through the stated lease expiration while determining the next use and leasing approach for the vacant short-term rental unit.
Key Highlights
- Approximately 3,019 SF two‑story mixed‑use building on an approximately 0.14‑acre lot on Garnet Avenue in Pacific Beach
- Ground‑floor tenant: Zen Sushi; lease term expires December 31, 2026
- Second‑floor residential unit used as a short‑term rental; currently vacant
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.9k | $38.40 |
| − Vacancy | −$4.6k | −$1.54 |
| EGI | $111.3k | $36.86 |
| − OpEx | −$27.8k | −$9.22 |
| NOI | $83.5k | $27.65 |
3,019 SF · lease $38.40/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,469 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$712.8K
$623.7K – $831.6K
NOI $49,898 @ 7.0% cap · market cap 2.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Zen 5
Restaurant
Zen Five
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- 自助餐 — 1840 Garnet Ave, San Diego, CA 92109
FAQs
What type of property is this?
Conventional restaurant - Mixed-use building with a ground-floor restaurant tenancy and a second-floor short-term rental unit.
Where is this conventional restaurant located?
The property is located at 1130 Garnet Avenue San Diego, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 3,019 SF two‑story mixed‑use building on an approximately 0.14‑acre lot on Garnet Avenue in Pacific Beach; Ground‑floor tenant: Zen Sushi; lease term expires December 31, 2026; Second‑floor residential unit used as a short‑term rental; currently vacant
