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2630-2638 Hornblend St 2 Unit Apartment Building $2,050,000 ($1,025,000/Unit) 2.05% Cap Rate San Diego, CA 92109
Investment Highlights
- Two detached single-family residences on one lot with a detached garage and ample off-street parking.
- Potential ADU opportunity through the detached garage, subject to buyer verification.
- 30%+ upside in gross scheduled income based on current vs. market-supported rents.
- Coastal-adjacent Pacific Beach location near Mission Bay, Rose Creek Trail, Mission Bay Golf Course, I-5 access, retail, and dining.
Executive Summary
2630–32 Hornblend St presents a rare Pacific Beach duplex opportunity featuring two detached single-family residences, a detached garage, and ample off-street parking. With 30%+ upside in gross scheduled income, potential ADU opportunity, and a flexible ownership profile, the property appeals to both investors and owner-occupants.
The property benefits from a strong coastal-adjacent location with immediate access to Interstate 5, Rose Creek Trail, Mission Bay, Mission Bay Golf Course, nearby retail, and popular Pacific Beach dining. Offering rental upside, parking, detached structures, and long-term value-add potential, this asset is well-positioned in one of San Diego’s most desirable rental markets.
The property benefits from a strong coastal-adjacent location with immediate access to Interstate 5, Rose Creek Trail, Mission Bay, Mission Bay Golf Course, nearby retail, and popular Pacific Beach dining. Offering rental upside, parking, detached structures, and long-term value-add potential, this asset is well-positioned in one of San Diego’s most desirable rental markets.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,050,000 | Apartment Style | Garden |
| Price Per Unit | $1,025,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 2.05% | Building Size | 1,235 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1952 |
| Zoning | RM-2-5 | ||
| Price | $2,050,000 |
| Price Per Unit | $1,025,000 |
| Sale Type | Investment |
| Cap Rate | 2.05% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 1,235 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1952 |
| Zoning | RM-2-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,100 | 630 |
| 1+1 | 1 | $2,900 | 570 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $457,536 (2025) | |
| Land Assessment | $1,714,624 (2025) | Total Assessment | $2,172,160 (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$1,714,624 (2025)
Improvements Assessment
$457,536 (2025)
Total Assessment
$2,172,160 (2025)
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2630-2638 Hornblend St