Property Detail
Description
Excellent investment opportunity with good CAP rate. This income-producing corner lot offers a rare combination of residential and commercial uses with strong, stable cash flow. The property features a commercial duplex with prime Garvey Avenue frontage located at 11534 Garvey Ave. One unit is occupied by a long-established hair salon that has successfully operated at this location for many years. Located behind the commercial building is a tenant-occupied single-family residence at 2843 Meeker Ave. Separate utility meters for the residential and the commercial units. In addition, a large rear lot is currently leased to a nearby auto shop for parking, providing supplemental rental income. Both the commercial duplex, the residential unit, and leased lot contribute to consistent monthly revenue. All tenants are on month-to-month leases, offering flexibility for future repositioning, redevelopment, or rent adjustments. This well-sized corner lot presents strong upside potential and multiple value-add opportunities, making it ideal for investors seeking both immediate income and long-term growth.
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Listing provided courtesy of Kai Kyi of Wetrust Realty. Last updated . Listing information © 2025 PACIFICSOTHEBYSFULLSANDICORCOMBINED.
Marlene Kindt
CA DRE #02087349
Brokerage DRE#
7979 Ivanhoe Avenue, Suite 350La Jolla, CA 92037
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Marlene's Phone: 858.757.7710
Brokerage Phone: 858.457.9400
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License: CA DRE #02087349
Brokerage: DRE #01932411
7979 Ivanhoe Avenue, Suite 350 La Jolla, CA 92037
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