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.
Data was last updated June 27, 2024 at 03:10 PM (UTC)
Area Statistics
Listings on market:
43
Avg list price:
$2,490,000
Min list price:
$995,000
Max list price:
$5,998,000
Avg days on market:
42
Min days on market:
7
Max days on market:
330
Avg price per sq.ft.:
$529.54
These statistics are generated based on the current listing's property type
and located in
Coastal South. Average values are
derived using median calculations.