$3,995,000
For Sale

1532 Hornblend Street

San Diego, CA 92109
0.14 acres | #250022812SD
Listing OfficeMD Real Estate, Inc
Browse 10 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

The Hornblend Apartment Homes, an 8 unit rental community centrally located in Pacific Beach, CA. Situated on a 6,240-square-foot lot, the property features four spacious 1-bedroom/1-bath units, two 2-bedroom/1-bath units, and one 2-bedroom/2-bath unit. Residents enjoy a peaceful, well-kept courtyard, four on-site tandem parking spaces, four single car garages, and a convenient on-site laundry facility with leased equipment. Four of the units have been extensively remodeled and are rented at top market rents while the other four units have long terms tenant and can benefit for remodeling and renting at higher market rents. Additionally, the four single car garages in the rear have ADU potential to further increase rental income. With its prime location just minutes from the beach, vibrant dining, shopping, and outdoor recreation, The Hornblend Apartment Homes offer an attractive lifestyle for tenants seeking a balance of coastal living and urban convenience. The property has been well maintained over the years, yet a strategic value-add opportunity exists to modernize the interiors and further enhance rental​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​​​​​‌‌‌​​‌ income.

  • Property Details
      • MLS #250022812SD
      • MLS #250022812SD
      • Original List Price$3,995,000
      • CountySan Diego
      • Property TypePurchase
      • Property SubtypeMixedUse
      • Cost3995000
      • Acres0.1433

Location

Gary ElminoufiReal Estate Group
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