2050 Garnet Ave San Diego, CA 92109

This exceptional Class A multifamily investment opportunity presents a rare chance to acquire a thriving 8-unit apartment building in the highly desirable Pacific Beach neighborhood of San Diego, California. Located at 2050 Garnet Ave, 92109, this property boasts a prime location on a major thoroughfare, offering unparalleled convenience and accessibility to the beach, Mission Bay, and vibrant shopping districts. The two-story building, constructed in 1995 and extensively renovated in 2023, comprises 11,062 square feet on a 15,603 square foot lot, zoned R-4. Each of the eight units features dedicated garage parking, in-unit washers and dryers, and ample storage, ensuring high tenant satisfaction and a 100% occupancy rate. The property's strong financial performance is reflected in its $10,395,000 asking price, a $939.70 price per square foot, a 2.71% cap rate, and a substantial net operating income (NOI) of $281,716. This Core+ investment presents a compelling opportunity for discerning investors seeking a stable, high-performing asset in one of San Diego's most sought-after coastal communities. The property's proximity to the beach, bay, and numerous recreational activities, coupled with its modern amenities and strong tenant base, ensures a consistent stream of income and significant long-term appreciation potential. This is a truly exceptional opportunity not to be missed.