2037-2045 Garnet Ave San Diego, CA 92109
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 2037-2045 Garnet Ave
- Year built
- 1980
- Property type
- Apartment buildings
Description
This exceptional 12-unit apartment building, situated on Garnet Avenue in the desirable Pacific Beach neighborhood of San Diego, California, presents a compelling value-add investment opportunity. The property comprises three separate two-story buildings, totaling 7,650 square feet of net rentable space, constructed in 1980. The complex boasts a 100% occupancy rate with a diverse mix of studio, one-bedroom, and two-bedroom units, each featuring private patios. With 12 parking spaces available for residents, convenience is ensured. The property's prime location on Garnet Avenue places residents within easy walking distance of the beach, bay, and a vibrant array of dining, retail, and entertainment options. Its proximity to Interstate 5 provides convenient access to the entire San Diego County. The original condition of the buildings presents a significant opportunity for renovation and subsequent rent increases, maximizing the return on investment. The property's three separate buildings are identified by APN numbers 424-051-08, 424-051-07, and 424-051-06, and the asking price is $5,385,000, or $448,750 per unit. This presents a rare chance to acquire a well-located, value-add multifamily asset in a highly sought-after San Diego neighborhood (Zip code 92109). The property's location, combined with its value-add potential, makes it an ideal investment for discerning buyers seeking a unique asset in a dynamic A+ location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.233
- Latitude
- 32.8013
