Log In/Sign Up
Your email has been sent.
870 Garnet Ave 480 SF Retail Building San Diego, CA 92109 $7,199,556 CAD ($14,999.07 CAD/SF) 3.73% Cap Rate
Investment Highlights
- Stamped plans for 29-Unit Multi-Family development included
- Prime corner of Garnet Ave and Bayard Ave with Parking Income
- Proforma Parking Income: $193,833
- Fully entitled and execution ready
- Proforma Parking Cap Rate: 3.8%
- Located in the heart of Pacific Beach, two blocks from Crystal Pier and surrounded by amenities
Executive Summary
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.
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.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
480 SF
Building Class
C
Year Built
1900
Price
$7,199,556 CAD
Price Per SF
$14,999.07 CAD
Cap Rate
3.73%
NOI
$268,368 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.20 AC
Zoning
CC-4-2 - Approved CDP plans for multi-family development.
Parking
32 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $58,771 CAD (2025) | |
| Land Assessment | $5,818,325 CAD (2025) | Total Assessment | $5,877,096 CAD (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$5,818,325 CAD (2025)
Improvements Assessment
$58,771 CAD (2025)
Total Assessment
$5,877,096 CAD (2025)
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
870 Garnet Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.