$1,725,000
$1,675,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
3,232 Sqft Lot
SOLD DATE : 10/02/2024
Key Details
Sold Price $1,725,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Pacific Beach
MLS Listing ID 240014971SD
Sold Date 10/02/24
HOA Y/N No
Year Built 1980
Lot Size 3,232 Sqft
Property Description
This unique 4 unit property encompasses a great 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 restaurants, coffee shops, Trader Joe's, and the bay. Quick freeway access, also enhances its appeal to potential renters. Gross income of $95,388 and a net operating income (NOI) of $72,672. Currently operating at a strong 4.4% cap rate. For those looking to expand their portfolio even further, the 2 adjacent buildings are also available - 2037 & 2041 Garnet.
Location
State CA
County San Diego
Area 92109 - Pacific Beach
Building/Complex Name Pacific Beach
Interior
Cooling None
Fireplace No
Exterior
Fence None
View Y/N No
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4240510800
Financing VA
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Richard Hoyt • Real Broker
GET MORE INFORMATION
Broker Associate | Lic# 01905244