Property Detail

1424 Hornblend Street

San Diego CA 92109

$4,099,000

Status: Active

Property Details

Description

We are pleased to present 1424-30 Hornblend St within a desirable pocket 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 with 9 off-street parking spaces. 3 of the units have been partially to fully renovated (1424.5, 1428, 1430) and receive market rents while the rest are well under market showing a proven renovation model. ADU Geeks have recently provided plans for six small 318 SF studio ADUs to be built at the rear of the building which would be perfect for the value-add investor. 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

Map Location

Listing provided courtesy of Conor Brennan of Marcus & Millichap. Last updated 2024-06-21 09:24:46.000000. Listing information © 2023 CRMLS.

Linda Lederer Bernstein

Linda Lederer Bernstein

DRE #1527365
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