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1468-1478 Hornblend St

San Diego, CA 92109
  • $14,490,000
  • STATUS: ACTIVE
  • ON SITE: 57 Days
  • ID#: 240003901
$14,490,000
  • 6
    BEDS
  • 0.29
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are excited to introduce two extensively renovated 10-unit apartment buildings located in the Pacific Beach neighborhood of San Diego. Surf House Pacific Beach, situated at 1468 Hornblend St, comprises three 2-bedroom/1-bathroom units, six 1-bedroom/1-bathroom units, and one studio/1-bathroom unit. The apartment building adjacently located at 1478 Hornblend St is currently going through an extensive rehab job, and is expected to be completed in March of 2024. 1478 Hornblend St is an identical layout as 1468 with the exception that it will include one extra roof deck, 3 extra private yards, an additional bathroom in one of the two bedroom units and two extra parking spaces. These newly available properties feature a luxurious and contemporary design with top-tier finishes.

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San Diego MLS logo 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 MLS. 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. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/147831620
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1468-1478 Hornblend St San Diego, CA 92109

  • Price: $14,490,000
  • Status: ACTIVE
  • On Site: 57 Days
  • ID#: 240003901
6
Beds
6
Baths
0
½ Baths
0.29
Acres
Neighborhood:
Pacific Beach (92109)
County:
San Diego
Area:
Pacific Beach (92109)
Property Description
We are excited to introduce two extensively renovated 10-unit apartment buildings located in the Pacific Beach neighborhood of San Diego. Surf House Pacific Beach, situated at 1468 Hornblend St, comprises three 2-bedroom/1-bathroom units, six 1-bedroom/1-bathroom units, and one studio/1-bathroom unit. The apartment building adjacently located at 1478 Hornblend St is currently going through an extensive rehab job, and is expected to be completed in March of 2024. 1478 Hornblend St is an identical layout as 1468 with the exception that it will include one extra roof deck, 3 extra private yards, an additional bathroom in one of the two bedroom units and two extra parking spaces. These newly available properties feature a luxurious and contemporary design with top-tier finishes.
Exterior Features

Construction Stucco Exterior Wood Fence Parking Spaces Parking Spaces Total 12 Roof Composition Units With Garages 0

Interior Features

Floor Coverings Vinyl Floors Other/Remarks Sq Ft Of Improvement 13970

Property Features

Actual Cap Rate 4.5 Actual Gross Operating Income 823200 Actual Gross Scheduled Income 823200.0 Actual Operating Expense 195540 Actual Taxes Expense 184937 Actual Vacancy And Credit Loss 0 Assumable Finance 0 Buildings 2 Complex Features Other/Remarks Gross Equity 0 Gross Multiplier 17.82 Have 20 Apartment Units Mandatory Remarks None Known Market Area Coastal South Monthly Rent Total 68800 Motive Want Sell Projected Cap Rate 4.53 Projected Gross Multiplier 16.97 Projected Gross Operating Inc 866880 Projected Gross Scheduled Inc 866880 Projected Net Income 671340 Projected Operating Expense 195540 Projected Vacancy And Credit Loss 0 Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 10 Unit Number2 2 Unit Number3 5 Unit Number4 1 Unit Number5 2 Unit Rent Total1 33400 Unit Rent Total2 5300 Unit Rent Total3 20700 Unit Rent Total4 4350 Unit Rent Total5 5100 Unit Rent1 3340 Unit Rent2 2650 Unit Rent3 4140 Unit Rent4 4350 Unit Rent5 2550 Zoning R-3

San Diego MLS logo Listing provided courtesy of Jason Lee of JLM Real Estate Inc.: 858-336-9688. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 MLS. 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. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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Red Tree Realty | Keller Williams La Jolla
4138 Napier St.
San Diego CA, 92110