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1478 Hornblend St

San Diego, CA 92109
  • $7,295,000
  • STATUS: ACTIVE
  • ON SITE: 49 Days
  • ID#: 240004318
$7,295,000
  • 5
    BEDS
  • 0.14
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are excited to introduce an extensively renovated 10-unit apartment buildings located in the Pacific Beach neighborhood of San Diego. The apartment building is currently going through an extensive rehab job, and is expected to be completed in March of 2024. 1478 Hornblend St includes 5 roof decks and 3 units with private yards. These newly available properties feature a luxurious and contemporary design with top-tier finishes. The property has seven total parking spaces. Everything on the property has been legally Permitted by the City of San Diego.

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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/148115579
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1478 Hornblend St San Diego, CA 92109

  • Price: $7,295,000
  • Status: ACTIVE
  • On Site: 49 Days
  • ID#: 240004318
5
Beds
6
Baths
0
½ Baths
0.14
Acres
Neighborhood:
Pacific Beach (92109)
County:
San Diego
Area:
Pacific Beach (92109)
Property Description
We are excited to introduce an extensively renovated 10-unit apartment buildings located in the Pacific Beach neighborhood of San Diego. The apartment building is currently going through an extensive rehab job, and is expected to be completed in March of 2024. 1478 Hornblend St includes 5 roof decks and 3 units with private yards. These newly available properties feature a luxurious and contemporary design with top-tier finishes. The property has seven total parking spaces. Everything on the property has been legally Permitted by the City of San Diego.
Exterior Features

Construction Stucco Exterior Wood Fence Parking Spaces Parking Spaces Total 7 Roof Composition Units With Garages 0

Interior Features

Floor Coverings Vinyl Floors Other/Remarks Sq Ft Of Improvement 7804

Property Features

Actual Cap Rate 4.53 Actual Gross Operating Income 419400 Actual Gross Scheduled Income 0.0 Actual Operating Expense 0 Actual Taxes Expense 83893 Actual Vacancy And Credit Loss 0 Assumable Finance 0 Buildings 1 Complex Features Other/Remarks Gross Equity 0 Gross Multiplier 0 Have 10 Apartment Units Leased Apartments 0 Mandatory Remarks None Known Market Area Coastal South Monthly Rent Total 34950 Motive Want Sell Projected Cap Rate 4.53 Projected Gross Multiplier 16.97 Projected Gross Operating Inc 419400 Projected Gross Scheduled Inc 419400 Projected Net Income 273479 Projected Operating Expense 133340 Projected Vacancy And Credit Loss 0 Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 2 Unit Number2 5 Unit Number3 1 Unit Number4 2 Unit Rent Total1 4200 Unit Rent Total2 17000 Unit Rent Total3 4400 Unit Rent Total4 5000 Unit Rent1 4200 Unit Rent2 3400 Unit Rent3 4400 Unit Rent4 2500 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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