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Baywatch Townhomes | Townhome Style, Great Mix - FOR SALE

$10,395,000

2050 - 2060 Garnet Ave, San Diego, CA 92109

Active
Last Updated: 04/24/2025

2.6

Cap Rate

271,216

NOI

Details:
Cap Rate:    2.6%
NOI:    $271,216
Building Size:    11,062 sqft
Lot Area:    15,603 sqft
Units:    8
Year Built:     1995
Price Per Unit:    $1,299,000
Zoning:    R-4
Description:

Townhome Style. Great mix of 8 units (2 - 4 bedrooms, 2.5 baths) and (6 - 3 bedrooms, 2-2.5 baths) (Expired Condo Map).

This is a rare opportunity for an investor to enjoy a stream of income in a highly desirable area, the best location in Pacific Beach. Centrally located on a major artery and close to Beach, Bay & shopping. Dedicated garage parking for every unit. All units have washers and dryers and storage.

Pacific Beach, generally known as the best urban beach in Southern California, from Tourmaline Surfing Beach to Mission Beach has three miles of boardwalk and beach with a year round access to the unparalleled San Diego weather. Activities are too many to list from surfing and boogie boarding, volleyball and Frisbee to wakeboarding/Jet skiing/ sailing/kayaking on Mission Bay or Ocean Beach or just walk the Garnet Shopping District or waiting for sunset to walk Crystal Pier. Bike the recently completed 19 mile Mission Bay path or simply enjoy the nightlife.

*All Property Showings are by Appointment only please do not disturb tenants.

Map:
Documents:
Title
Offering Memorandum
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Location
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