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PB Covered Land Play & Development Opportunity 870 Garnet Ave Lot | Terrain commercial | 0,09 ha | À vendre | 4 556 344 € | San Diego, CA 92109

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Certaines informations ont été traduites automatiquement.

Informations principales sur 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 analytique

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.

870 Garnet Ave_OM

Informations sur l’immeuble

Prix	4 556 344 €	Type de bien	Terrain
Type de vente	Investissement	Sous-type de bien	Terrain commercial
Condition de vente	Projet de requalification	Usage proposé	Logement
Nb de lots	1	Surface totale du lot	0,09 ha
Zonage	CC-4-2

Prix	4 556 344 €
Type de vente	Investissement
Condition de vente	Projet de requalification
Nb de lots	1
Type de bien	Terrain
Sous-type de bien	Terrain commercial
Usage proposé	Logement
Surface totale du lot	0,09 ha
Zonage	CC-4-2

1 Lot disponible

Lot

Prix	4 556 344 €	Surface du lot	0,09 ha
Prix par ha	52 436 816,58 €

Prix	4 556 344 €
Prix par ha	52 436 816,58 €
Surface du lot	0,09 ha

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.

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