1478 Hornblend St

Pacific Beach, CA, 92109

$4,995,000

$975 per ft²
$4,995,000
$975 per ft²
Active
Active
 - For Sale
beds
5 Beds
carpenters-square
5,120 ft²
property_type
Other
Pleased to present for sale an 8-unit value add apartment complex in the Pacific Beach neighborhood of San Diego. Constructed in 1969, this property rests on a 6,240 SF lot and offers 5,120 of rentable SF. 1478 Hornblend St is comprised of (3) 2-bedroom/1-bathroom units and (5) 1-bedroom/1-bathroom units. In addition, this property has two double garages facing the alley that can converted into two ADU studio units. One of the unit’s interiors has been recently renovated and the other seven lightly renovated within the last few months. The property is fully furnished and currently rented as short-term vacation rentals. Investors may continue to operate as is, rent as monthly rentals, or further renovate the property to increase rents. *6.23% cap rate is based on current operations as short term vacation rentals.
MLS® ID:
220009042
Listed:
4/17/22
Updated:
8/12/22
Rande Turner Properties
Rande Turner

Interior Features

Total Bedrooms
5
Total Bathrooms
0

Other Property Details

Area Name
Coastal South
Garage
No
Parking
N
View
N
County
San Diego
Pool
No

Property History

Date
Event
Price
Value
6/30/22
Price Change
$4,995,000
-2%

 

Courtesy of Carson Trujillo, Marcus & Millichap 

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Data last updated 2:20 AM UTC, 8/12/22

Rande Turner Properties
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