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2037 Garnet Ave, San Diego, CA 92109
$1,795,000
2037 Garnet Ave, San Diego, CA 92109View this property at 2037 Garnet Ave, San Diego, CA 92109
2037 Garnet AveSan DiegoCA92109
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Property Description
Seize a VERY RARE investment opportunity in the heart of Pacific Beach with this exceptional offering priced at only $1.895M, 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 $113,628 and a net operating income (NOI) of $83,774 currently operating at a satisfying 4.4% cap rate. For those looking to expand their portfolio even further, the 2 adjacent buildings are also up for grabs - 2041 & 2045 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.
Full Property Details
Full Property Details for 2037 Garnet Ave
General
- Price: $1,795,000
- Status: Active
- Type: Multi-Family
- MLS ID: 240011482
- Updated: 5/22/2024
- Added to Site: 25 day(s) ago
Location
- Area: PACIFIC BEACH (92109)
- County: San Diego
- Subdivision: Pacific Beach
- Complex: Pacific Beach
Structural Information
- Roof: Composition
- Stories/Levels: 1
- Year Built: 1980
Unit Information
- Units w/Refrigerators: 4
- Units w/Range/Oven: 4
- Units w/Dishwashers: 4
- Units w/Patios: 3
Unit 1
- Square Feet: 400
- Total Bathrooms: 1
Unit 2
- Square Feet: 750
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Square Feet: 580
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Square Feet: 750
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,310
- Fencing (Description): Gate
Financial Considerations
- Tenant Expense: Electricity, Gas/Propane
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by eXp Realty of California, Inc.
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Schools
Schools serving 2037 Garnet Ave
School District:San Diego Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2150 Beryl St, San Diego, CA 92109 | K-5 | 0.5 mi | |
4676 Ingraham St, San Diego, CA 92109 | 6-8 | 0.5 mi | |
2475 Grand Ave, San Diego, CA 92109 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2037 Garnet Ave
Date
Details
Price
Change
Source
5/22/2024
Listed
$1,795,000
116.27%
MLS
7/06/2006
Sold
$830,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2037 Garnet Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$12,589
3%
$1,024,043
2%
2022
$12,254
1%
$1,003,965
2%
2021
$12,170
1%
$984,280
1%
2020
$12,023
2%
$974,188
2%
2019
$11,809
7%
$955,087
2%
2018
$11,040
2%
$936,360
2%
2017
$10,777
4%
$918,000
4%
2016
$10,369
26%
$880,000
26%
2015
$8,257
7%
$700,000
8%
2014
$7,700
—
$650,000
—
2013
$7,725
—
$650,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2037 Garnet Ave
2037 Garnet Ave, San Diego, CA 92109 (MLS# 240011482) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 2037 Garnet Ave is currently listed for $1,795,000 and was received on May 22, 2024. Want to learn more about 2037 Garnet Ave? Do you have questions about finding other Multi-Family real estate for sale in San Diego? You can browse all San Diego real estate or contact a Coldwell Banker agent to request more information.