Property Details

2250-54 Garnet Ave

San Diego CA 92109

$2,900,000

Status: Active

Property Details

Description

New Reduced Price! Fully renovated, and rented for immediate cash flow! All units are 2bed/1baths. Bungalow (Detached) 929sf w/ private laundry. Four-Plex has 2 units on first level and 2 units on second level. First level units are 646sf each - Second level units are 722sf each. Renovations include new waterproof flooring throughout, new kitchen cabinets, quartz countertops, new appliances, new built-ins throughout, upgraded electrical. Two of the five units were updated in the past 6 years. Three of the five units were renovated (2022) throughout. Additional renovations completed by the seller: Exterior paint, roof replacement, updated electrical, hedge trimming, parking space expansion, Hardscape cleaning, Laundry room renovation. Zoning may allow additional non-residential uses. See zoning info in documents tab. All units are rented - two units are on month to month and below market rent (increased this year). Three units are in 12 month leases (expire 2023). Opportunity to increase revenue: Units 2254 & 2254 1/2 are below market rent on Month to Month (Increase annual income ~$19,800), add coin laundry to increase revenue, add water meters etc.

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