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1930-1934 Hornblend St
San Diego, CA 92109
Multifamily Property For Sale
·
5 Units
Executive Summary
We are pleased to present 1930-34 Hornblend Street in beautiful Pacific Beach. The property consists of a detached, front 3 Bed / 1.5 Bath house with a large, fenced yard, and a rear structure built in 1975 with 2 second story 2 Bed / 1.5 Bath units above a 1 bedroom and a studio unit with 3 single car garages that provide additional income. There are 4 additional parking spaces in the alley. There are 4 electric meters. Several units have been remodeled. The roof on the rear structure was replaced last year and the roof on the front house was replaced 13 years ago. The investment is ideal for an owner occupant or investor and has upside in rents.
The property is a short walk or bike ride to Fanuel Park/Sail Bay, Trader Joes/CVS/Vons, and the numerous amenities in the Grand/Garnet Community corridor. USD/UCSD/SDSU are all located within 15 min drive and there is quick access to the 5/8/52 freeways leading to job centers in UTC, Sorrento Valley, and Downtown. Pacific Beach rentals see little vacancy and have consistent rising rents.
Pacific Beach in San Diego is a young beach town with the attraction of the surf and sand by day and the lure of bars and restaurants by night. Located south of La Jolla and north of Mission Beach, this San Diego beach has a popular nightlife and craft beer scene, which attracts a college-aged and young professional crowd. San Diego Pacific Beach hosts a variety of different kinds of clubs, bars, and restaurants. There are various family-friendly restaurants and plenty of activities for families and those just looking for a quiet getaway.
San Diego’s Pacific Beach is also the ideal spot to catch some waves on your surfboard, kayak, sailboard, or paddle board. Pacific Beach has the Ocean Front Walk, which is a boardwalk that stretches parallel to the Pacific Ocean and is ideal for watching the sunset. The boardwalk is lined with shops and restaurants, and it is always filled with beach cruisers, joggers and walkers. Garnet Avenue is another attraction in Pacific Beach, which is packed with boutiques providing everything from beach souvenirs to trendy clothing. The San Diego beach market sells local produce, cuisine and arts and jewelry.
The property is a short walk or bike ride to Fanuel Park/Sail Bay, Trader Joes/CVS/Vons, and the numerous amenities in the Grand/Garnet Community corridor. USD/UCSD/SDSU are all located within 15 min drive and there is quick access to the 5/8/52 freeways leading to job centers in UTC, Sorrento Valley, and Downtown. Pacific Beach rentals see little vacancy and have consistent rising rents.
Pacific Beach in San Diego is a young beach town with the attraction of the surf and sand by day and the lure of bars and restaurants by night. Located south of La Jolla and north of Mission Beach, this San Diego beach has a popular nightlife and craft beer scene, which attracts a college-aged and young professional crowd. San Diego Pacific Beach hosts a variety of different kinds of clubs, bars, and restaurants. There are various family-friendly restaurants and plenty of activities for families and those just looking for a quiet getaway.
San Diego’s Pacific Beach is also the ideal spot to catch some waves on your surfboard, kayak, sailboard, or paddle board. Pacific Beach has the Ocean Front Walk, which is a boardwalk that stretches parallel to the Pacific Ocean and is ideal for watching the sunset. The boardwalk is lined with shops and restaurants, and it is always filled with beach cruisers, joggers and walkers. Garnet Avenue is another attraction in Pacific Beach, which is packed with boutiques providing everything from beach souvenirs to trendy clothing. The San Diego beach market sells local produce, cuisine and arts and jewelry.
Property Facts
| Price Per Unit | $540,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 3.20% | Building Size | 5,500 SF |
| Gross Rent Multiplier | 17.4 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | Parking Ratio | 0.73/1,000 SF |
| Zoning | CO-1-2 - Commercial | ||
| Price Per Unit | $540,000 |
| Sale Type | Investment |
| Cap Rate | 3.20% |
| Gross Rent Multiplier | 17.4 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | CO-1-2 - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
Property Taxes
| Parcel Number | 424-041-10 | Improvements Assessment | $301,271 |
| Land Assessment | $465,730 | Total Assessment | $767,001 |
Property Taxes
Parcel Number
424-041-10
Land Assessment
$465,730
Improvements Assessment
$301,271
Total Assessment
$767,001
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