Renovated Mixed-Use Retail and
1560-1564 Garnet Avenue San Diego, CA 92109
1560-1564 Garnet Avenue, San Diego, CA, 92109
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For Sale
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Renovated in 2024, this multitenant storefront offers three retail suites, two residential units, and refrigerated storage.
Property Size7,365 SF
Lot Size0.21 Acres
Price / SF$515.95
Days on Market101
Property Features for 1560-1564 Garnet Avenue
General Information
- Standard status
- Active
- Size
- 7,365 SF
- Lot size
- 0.21 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1950
Listing agency
Lee & Associates San Diego
Listed by
Rick Puttkammer · License #00664825
Source
Crexi
Added: Apr 13 Updated: Jul 21 at 8:01PM Checked: Jul 21 at 8:01PM
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 Lee & Associates San Diego
Investment Insights
Based on property information with market context.
1560-1564 Garnet Ave is a renovated, mixed-use multitenant storefront property with three commercial suites and two residential units. Refrigerated storage is included, along with upgraded HVAC for one of the major tenant spaces completed in 2022. The asset also features gated alley access and outside dining, with three on-site parking spaces.
The property sits on a parcel with approximately 75 feet of frontage on Garnet Avenue near the signalized intersection of Garnet Avenue and Ingraham Street. Public remarks indicate visibility supported by traffic counts exceeding 21,000 VPD on both corridors, with the surrounding area offering major retailers, dining, and daily-needs shopping in Pacific Beach.
This configuration combines retail and residential components within one property, supported by the presence of multiple commercial suites, refrigerated storage, and practical on-site access and parking.
The property sits on a parcel with approximately 75 feet of frontage on Garnet Avenue near the signalized intersection of Garnet Avenue and Ingraham Street. Public remarks indicate visibility supported by traffic counts exceeding 21,000 VPD on both corridors, with the surrounding area offering major retailers, dining, and daily-needs shopping in Pacific Beach.
This configuration combines retail and residential components within one property, supported by the presence of multiple commercial suites, refrigerated storage, and practical on-site access and parking.
Key Highlights
- Renovated in 2024, ±7,365 SF multitenant storefront with 3 commercial suites and 2 residential units
- ±9,365 SF parcel with approx. 75 ft of Garnet Ave frontage and gated alley access
- Refrigerated storage plus flexible retail/residential layout across 5 total units
Local Financial Insights For 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 | $265.1k | $36.00 |
| − Vacancy | −$11.2k | −$1.52 |
| EGI | $254.0k | $34.48 |
| − OpEx | −$76.2k | −$10.35 |
| NOI | $177.8k | $24.14 |
7,365 SF · lease $36.00/SF/yr · vacancy 4.21% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.54M
$2.22M – $2.96M
NOI $177,784 @ 7.0% cap · market cap 4.68%
Second Best
Multifamily LT 5
$1.88M
$1.65M – $2.20M
NOI $131,932 @ 7.0% cap · market cap 3.47%
Theoretical Best
Specialty Retail
$2.91M
$2.55M – $3.39M
NOI $203,628 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Renovated in 2024, this multitenant storefront offers three retail suites, two residential units, and refrigerated storage.
Where is this storefront property located?
The property is located at 1560-1564 Garnet Avenue San Diego, CA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Renovated in 2024, ±7,365 SF multitenant storefront with 3 commercial suites and 2 residential units; ±9,365 SF parcel with approx. 75 ft of Garnet Ave frontage and gated alley access; Refrigerated storage plus flexible retail/residential layout across 5 total units
