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Multifamily

1424-30 Hornblend St

1424 Hornblend St, San Diego, CA 92109

Listing Price: $4,099,000

Cap Rate
3.38%
Number of Units
8
GRM
18.45
Price/Unit
$512,375
Price/Gross SF
$706.72
Gross SF
5,800

Investment Overview

We are pleased to present 1424-30 Hornblend St. within the neighborhood of Pacific Beach in San Diego, CA. This Huffman building rests on a 6,237-square-foot lot and has approximately 5,800 square feet of rentable space. 1424-30 Hornblend is comprised of Four 2 Bedroom / 1 Bathroom & Four 1 Bedroom / 1 Bathroom units. This property offers investors the unique opportunity to acquire a value-add property in the heart of Pacific Beach near restaurants, shops, and stores. Located only seven blocks from Mission Bay and Mission Beach tenants get to enjoy water sports year-round. Pacific Beach is known by locals as PB and attracts the most desirable demographic of tenants. Increasing market demand continues to raise rent income and maintain low vacancy rates in the PB neighborhood.

Investment Highlights

  • 8 Unit Property in the Heart of Pacific Beach Walking Distance to Restaurants, Shops, and Stores
  • Desirable Unit Mix of Four 2 Bed / 1 Bath & Four 1 Bed / 1 Bath
  • Nine Off-street Parking Spaces
  • Well Maintained Units with Partial Renovations
  • Four Units With Considerable Rental Upside

Exclusively Listed By

Financing By

Multifamily

1424-30 Hornblend St

Listing Price: $4,099,000

Cap Rate
3.38%
Number of Units
8
GRM
18.45
Price/Unit
$512,375
Price/Gross SF
$706.72
Gross SF
5,800

Investment Highlights

  • 8 Unit Property in the Heart of Pacific Beach Walking Distance to Restaurants, Shops, and Stores
  • Desirable Unit Mix of Four 2 Bed / 1 Bath & Four 1 Bed / 1 Bath
  • Nine Off-street Parking Spaces
  • Well Maintained Units with Partial Renovations
  • Four Units With Considerable Rental Upside

Investment Overview

We are pleased to present 1424-30 Hornblend St. within the neighborhood of Pacific Beach in San Diego, CA. This Huffman building rests on a 6,237-square-foot lot and has approximately 5,800 square feet of rentable space. 1424-30 Hornblend is comprised of Four 2 Bedroom / 1 Bathroom & Four 1 Bedroom / 1 Bathroom units. This property offers investors the unique opportunity to acquire a value-add property in the heart of Pacific Beach near restaurants, shops, and stores. Located only seven blocks from Mission Bay and Mission Beach tenants get to enjoy water sports year-round. Pacific Beach is known by locals as PB and attracts the most desirable demographic of tenants. Increasing market demand continues to raise rent income and maintain low vacancy rates in the PB neighborhood.

Exclusively Listed By

Financing By

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