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Detached single-level 5BR/2BA house plus two townhomes, one block off Garnet Ave in Pacific Beach. Live in the front house and rent the back, or hold all three. Current rents $16,000/mo ($192,000/yr), a 5.90% cap on a buyer's basis. Tenants pay water, sewer, trash, SDG&E and internet, and reimburse the City trash fee. The front house (~1,150 sf) has a fireplace, fenced patio yard and 2-car driveway. In back, two mirror-image 2-story 2BR/1.5BA townhomes (~1,000 sf each): living room open to above, eat-in kitchen and half bath downstairs, two bedrooms upstairs over the garage, private patio and an alley parking space for each. The value-add is the ~800 sf garage, with two paths. Path A: extend both rear units into the garage to make each a 4BR/2.5BA, est. $75K. At the front house's $1,580 per bedroom, that projects a 7.60% yield on price plus cost. Path B: convert the garage into a separate 3BR ADU at an est. $5,500/mo. Both keep all four off-street spaces and are subject to City of San Diego approval. Around the corner from Better Buzz Coffee and Garnet dining; ~1/3 mi to Trader Joe's and Mission Bay; ~1.3 mi to the beach at Crystal Pier. 6,586 sf lot, zoned CO-1-2. Full OM with financials, floor plans and renderings available on request.
Property Type(s):
Residential Income
| Last Updated | 10/6/2026 | Tract | Pacific Beach |
|---|---|---|---|
| Year Built | 1977 | Community | 92109 - Pacific Beach |
| County | San Diego |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Water Heater |
| AREA | 92109 - Pacific Beach |
| LOT | 6586 sq ft |
| LOT DIMENSIONS | 6586 |
| POOL DESCRIPTION | None |
| STORIES | Split/Multi Level |
| SUBDIVISION | Pacific Beach |
Location
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Listed with eXp Realty of California Inc
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