For Sale
870 Garnet Ave
870 Garnet Ave, San Diego, CA 92109
870 Garnet Ave, San Diego, CA 92109
870 Garnet Ave presents a rare, execution-ready development opportunity in the heart of Pacific Beach, just two blocks from Crystal Pier and surrounded by an exceptional amenity base of dining, shopping, hospitality, and entertainment.
This fully entitled, 9,353 SF corner lot comes with approved plans for a 29-unit, three-story multi-family building featuring a diverse mix of studios, one-bedroom, and two-bedroom residences averaging 589 SF, all above a sub-basement parking level.
The existing surface parking lot generates approximately $193,833 in annual income at a 3.8% cap rate, allowing an investor to profit from the land as-is while planning their next move.
With a focus of providing value on the front end, committing to service, and utilizing superior market knowledge, we strive to help all our clients achieve their commercial real estate goals. Contact us today to find out how we can serve you.