929 Garnet Avenue, San Diego, CA 92109 | 190043725 | Willis Allen Real Estate

929 Garnet Avenue $3,480,000

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    929 Garnet Avenue San Diego, CA 92109

    Closed
    SOLD 1/10/2020

    $3,480,000

    Market Estimate
    • Commercial Lease
    • MLS# 190043725
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    Property Details

    PLEASE DO NOT DISTURB THE TENANTS OR THEIR EMPLOYEES. This is a rare opportunity to acquire a three unit retail building located in the heart of Pacific Beach. The property is currently 100% leased to The Mad Beet and G3 Kids. The leases convey with the property. The property is located 2 blocks from Crystal Pier and the ocean. The asking CAP Rate is starting at 4.89% at $3,900,000. Please ask for a detailed Offering Memorandum that has additional details about the building. Here is a video link about the property: https://www.youtube.com/watch?v=7nCIAVJrVJs

    Neighborhood

    92109 (San Diego) Demographics

    30 Median Age
    6,372 Population Density (per sq. mile)
    70% College Educated
    $71,098 Estimated Median Income
    6,578 Estimated Total Home Owners
    16,059 Estimated Total Renters
    29% / 71% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    48,430 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,125,000 Median Sales Price
    19 Homes Sold
    111 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        1/10/2020 12:00:00 AM Sold Source New Value: $3,480,000
        *This Payment Calculator is intended for educational and planning purposes only.
        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 4/1/2020 7:53:20 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.