1434 Garnet Avenue, San Diego, California 92109

$2,499,000

Bedrooms

0

Bathrooms

0

Square Feet

0 sqft

City

San Diego

Status

Active

BIG PRICE REDUCTION - 6 Blocks to the beach or La Jolla - 100% rented - Retail & residential mixed use - Very visible standalone building - Over 32,000 vehicles pass by at a slow speed in front of the property every day - The City said it can be built up to 4,680 square feet & up to 35 feet high, the buyer to confirm this with the City before the close of escrow - Walking distance to hundreds of restaurants, bars, shops, the beach, etc. BIG PRICE REDUCTION - 6 Short blocks to the beach or La Jolla, in 1 of the photos you can even see the famous Crystal Pier - Very visible standalone building - 100% rented - Buy this mixed-use property in Pacific Beach with easy alley & street access - Located at 1434 - 44 Garnet Avenue, San Diego CA 92109 - 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 - 50 feet frontage & 125 feet deep - There are 2 motor homes & 1 studio / office in the back for residential use - There is a billboard on the property which brings in $450 monthly income - Total monthly rental income is $15,950 - 100% occupied based on Month to Month rental agreements so the buyers can use any of the spaces for themselves - High demand area - 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 - 10 Minutes or 6 miles away from the main airport in San Diego - 2 Miles from Freeway 5 - Zoning is CC-4-2 - 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 - A 30 to 90 day escrow is OK - 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.