1434-1444 Garnet Ave 2,753 SF 100% Leased Retail Building San Diego, CA 92109 $2,699,000 ($980.39/SF) 7.09% Cap Rate

1ST TIME ADVERTISED - 6 Short blocks to the beach & 6 blocks to La Jolla, in 1 of the photos you can even see the famous Crystal Pier - If you go to the property please do not tell others this property is for sale - 100% rented - Buy this mixed use property in Pacific Beach with easy alley & street access - There is a 2,753 square foot large retail building in the front facing the sidewalk which can be turned into 3 separate retail stores - Total monthly rental income is $15,950 - Located at 1434 - 44 Garnet Avenue, San Diego CA 92109 - 50 feet frontage & 125 feet deep - There are 2 motor homes & 1 studio / office in the back for residential use - Very visible standalone building - 100% occupied based on Month to Month rental agreements so the buyers can use any / all of the spaces for themselves - There is a billboard on the property which brings in $450 monthly income - Approximately 32,000 slow speed vehicles pass in front of this property every day so there is no need to advertise to get people to go to this property - Reserved parking spaces in the back & plenty of free street parking in the front - I personally own a 21 unit commercial building 3 blocks to the West of this property which I bought over 28 years ago, I have never had any vacancies & have a long waiting list - High demand area - A 30 to 90 day escrow is OK - 10 Minutes or 6 miles away from the main airport in San Diego - Zoning is CC-4-2 - 2 Miles from Freeway 5 - According to the City, if the buyers wish they can build up to 35 feet high & 4,686 square feet of residential & retail spaces which is 75% of the 6,249 square foot lot - Buyers to contact the City to confirm all of the above info before close of escrow - Less than 200 feet from the famous Mr. Frostie Ice Cream, Health Club, O’Reilly’s Auto Parts, a large sports equipment store & walking distance to dozens of restaurants & sports bars - Large newer sliding gate in the back & a small pedestrian gate in the front - If you would like to see the inside call me to make an appointment - & many more……. - If you have any questions please contact me, Bob Nourani