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1468-78 Hornblend

San Diego, CA 92109
  • $13,795,000
  • STATUS: ACTIVE
  • ON SITE: 29 Days
  • ID#: 240023559
UPDATED: 36 min ago
$13,795,000
  • 5
    BEDS
  • 0.28
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Welcome to the Surf Houses located at 1468-1478 Hornblend Street. This newly renovated asset is in the highly sought after coastal community of Pacific Beach, California. This luxury apartment community consists of twenty total units. There are two studios, twelve 1 bedroom 1 bath units, five 2 bedroom 1 bath units, and one 2 bedroom 2 baths. The buildings sit on two lots with a total of 12,338 sq ft. In 2023 the buildings went through an extensive remodel. This included but is not limited to brand new quartz counter tops, stainless steel appliances, cabinetry, vanities, custom tile shower enclosures, split heating and air conditioners, vinyl plank flooring, fresh paint inside and out, new staircases and landing, new roofs, waterproof and deck coating, new 400 amp electrical service, 100 amp individual panels in each unit, and much more. The thoughtful improvements did not stop there as every rental has their own private laundry. Some units have access to exclusive use roof top decks that feature gorgeous ocean and bay views. All work is permitted and per current building codes. No detail was left untouched to provide residents with every amenity they could desire and an ownership with a turn-key asset in a prime beach market.

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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.sandiegoareahomesforsale.co/homes/156303899
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1468-78 Hornblend San Diego, CA 92109

  • Price: $13,795,000
  • Status: ACTIVE
  • On Site: 29 Days
  • Updated: 36 min ago
  • ID#: 240023559
5
Beds
5
Baths
0
½ Baths
0.28
Acres
Neighborhood:
Pacific Beach (92109)
County:
San Diego
Area:
Pacific Beach (92109)
Property Description
Welcome to the Surf Houses located at 1468-1478 Hornblend Street. This newly renovated asset is in the highly sought after coastal community of Pacific Beach, California. This luxury apartment community consists of twenty total units. There are two studios, twelve 1 bedroom 1 bath units, five 2 bedroom 1 bath units, and one 2 bedroom 2 baths. The buildings sit on two lots with a total of 12,338 sq ft. In 2023 the buildings went through an extensive remodel. This included but is not limited to brand new quartz counter tops, stainless steel appliances, cabinetry, vanities, custom tile shower enclosures, split heating and air conditioners, vinyl plank flooring, fresh paint inside and out, new staircases and landing, new roofs, waterproof and deck coating, new 400 amp electrical service, 100 amp individual panels in each unit, and much more. The thoughtful improvements did not stop there as every rental has their own private laundry. Some units have access to exclusive use roof top decks that feature gorgeous ocean and bay views. All work is permitted and per current building codes. No detail was left untouched to provide residents with every amenity they could desire and an ownership with a turn-key asset in a prime beach market.
Interior Features

Sq Ft Of Improvement 15193 Units With Dishwashers 20 Units With Disposals 20 Units With Ranges 20 Units With Refrigerators 20

Property Features

Actual Cap Rate 4.23 Actual Gross Scheduled Income 861456.0 Actual Operating Expense 253201 Assumable Finance 0 Buildings 2 Gross Equity 0 Gross Multiplier 16.0 Have apartments Mandatory Remarks None Known Market Area Coastal South Motive Want sell Unit Number1 2 Unit Number2 12 Unit Number3 5 Unit Number4 1 Unit Rent Total1 5650 Unit Rent Total2 39588 Unit Rent Total3 20600 Unit Rent Total4 4400 Unit Rent1 2825 Unit Rent2 3299 Unit Rent3 4120 Unit Rent4 4400

San Diego MLS logo Listing provided courtesy of Cody Evans of South Coast Commercial, Inc.: 858-729-3094. 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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Steven G. Fraioli & Associates
13176 Midbluff Ave
San Diego CA, 92128