This Multifamily Property is no longer advertised on LoopNet.com.

1424-1430 Hornblend St
San Diego, CA 92109
Multifamily Property For Sale · 8 Units

Investment Highlights

  • 8 Units In Irreplaceable Pacific Beach Location 7 Blocks To Beach
  • Latest Three Units Have Been Partially To Fully Renovated With Last Two Rents Achieving $4,200 Leases
  • Substantial Rent Increases Possible With Proven Renovation Model; 6.54% Proforma Cap Rate
  • Approved ADU Plans For Six Additional 318 SF Studio ADUs | ADU Geeks | Ask Agent
  • Substantial Rent Increases Possible With Proven Renovation Model; 6.54% Proforma Cap Rate
  • Brand New Vinyl Plank Flooring, Windows, Kitchen & Bath Upgrades To Three Units

Property Facts

No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.14 AC
Building Size 5,800 SF
Average Occupancy 100%
No. Stories 2
Year Built 1958
Parking Ratio 1.55/1,000 SF
Zoning R3

Amenities

Unit Amenities

  • Stainless Steel Appliances
  • Vinyl Flooring

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 $2,461 625
2+1 4 $3,554 825

Property Taxes

Property Taxes

Parcel Number
423-092-15
Land Assessment
$3,121,200
Improvements Assessment
$884,340
Total Assessment
$4,005,540
  • Listing ID: 31865977

  • Date on Market: 5/20/2024

  • Last Updated:

  • Address: 1424-1430 Hornblend St, San Diego, CA 92109

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