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
1478 Hornblend St will be delivered VACANT so you can immediately set market rents with no evictions. Approved plans and permits to convert the garages to (2) studio units, approx. 420 SF each, will transfer with the sale making this property 10 units total. This asset is currently operated as an 8-unit short-term vacation rental. *6.24% cap rate is based on current short-term vacation rentals. Call or email for more details. Comprised of (3) 2-bedroom/1-bathroom units and (5) 1-bedroom/1-bathroom units, this property has two double garages facing the alley that can be converted into (2) ADU studio units. One of the unit’s interiors was highly renovated and the other seven were lightly remodeled in 2022. The property is fully furnished and can convey with the sale. Investors may continue to operate as is, rent on annual leases, or further improve the property increasing rents even further.
MLS® ID:
220027677
Listed:
11/7/22
Updated:
11/28/22

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
Total Stories
2

Courtesy of Marcus & Millichap, Carson Trujillo,
Listing Contact: 858-373-3285 

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. 

© 2022 San Diego Multiple Listing Service. All rights reserved. 

Data last updated 3:21 PM UTC, 11/28/22

Contact