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1940 Garnet Avenue

$1,315,000

1940 Garnet Avenue, San Diego, CA 92109

Active
Last Updated: 09/17/2025

5.9

Cap Rate

77,688

NOI

Details:
Cap Rate:    5.9%
NOI:    $77,688
Building Size:    4,561 sqft
Lot Area:    0.22 sqft
Average Room Size:    4,561 sqft
Year Built:    1984
Description:

Garnet Pacific Plaza offers a rare opportunity to acquire a 4,561
square-foot office condominium within a well-maintained 19,174
square-foot professional building in San Diego's Pacific Beach. The
property is currently leased, providing stable in-place income while
offering flexibility for a future owner-user. Priced below recent market
comparables, the unit combines immediate cash flow with upside
potential as market rents continue to strengthen.
The suite features a functional floor plan with a central common area,
perimeter private offices, a break room, and dedicated storage.
Constructed in 1984 and renovated in 2006, the building has
benefited from ongoing maintenance and capital improvements
overseen by the HOA, supporting long-term operational stability.

Map:
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