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870 Garnet Ave - PB Covered Land Play & Development Opportunity Lot • Terrain commercial • 0,21 Acres • 7 223 840 $ CAD • San Diego, CA 92109
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Faits saillants de l'investissement
- 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
Résumé de l'annonce
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.
Faits sur la propriété
| Prix | 7 223 840 $ CAD | Type de propriété | Terrain |
| Type de vente | Investissement | Sous-type de propriété | Terrain commercial |
| Condition de vente | Projet de redéveloppement | Utilisation proposée | Multi-résidentiel |
| Nombre de lots | 1 | Taille totale du lot | 0,21 AC |
| Zonage | CC-4-2 | ||
| Prix | 7 223 840 $ CAD |
| Type de vente | Investissement |
| Condition de vente | Projet de redéveloppement |
| Nombre de lots | 1 |
| Type de propriété | Terrain |
| Sous-type de propriété | Terrain commercial |
| Utilisation proposée | Multi-résidentiel |
| Taille totale du lot | 0,21 AC |
| Zonage | CC-4-2 |
1 Lot disponible
Lot
| Prix | 7 223 840 $ CAD | Taille du lot | 0,21 AC |
| Prix par AC | 33 643 852,81 $ CAD |
| Prix | 7 223 840 $ CAD |
| Prix par AC | 33 643 852,81 $ CAD |
| Taille du lot | 0,21 AC |
Fully entitled 9,353 SF corner lot on Garnet Ave in Pacific Beach, approved for a 29-unit multifamily project two blocks from Crystal Pier.
Description
870 Garnet Avenue is a rare, fully entitled multifamily development site located in the heart of Pacific Beach, one of San Diego’s most dynamic coastal neighborhoods. Situated on a prominent corner lot along Garnet Avenue, the property benefits from exceptional visibility, strong pedestrian traffic, and immediate access to the area’s top dining, retail, and entertainment destinations. The approved plans feature a contemporary three-story residential building constructed over a sub-basement parking level, thoughtfully designed to maximize density while maintaining an efficient and modern layout. The project’s coastal-modern architecture, balconies, and integrated parking complement the surrounding neighborhood while appealing to the area’s strong renter demographic. With proximity to the beach, Crystal Pier, and major employment nodes, the property is ideally positioned to capture long-term rental demand. This execution-ready opportunity offers investors and developers a compelling blend of entitlement certainty, premier location, and long-term value creation in a supply-constrained coastal market.
Présenté par
870 Garnet Ave - PB Covered Land Play & Development Opportunity
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