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EXECUTIVE SUMMARY
The Mogharebi Group is pleased to present The Surf House, a trophy-quality 10-unit luxury apartment community ideally located at 1478 Hornblend Avenue in the heart of Pacific Beach, San Diego. This exceptional offering represents a rare opportunity to acquire a fully rebuilt, turnkey coastal asset in one of Southern California’s most supply-constrained and sought-after rental submarkets. Completed in June 2024, The Surf House underwent a comprehensive stripped down-to-the-studs redevelopment under full City of San Diego permits, bringing the property to modern building code standards and ensuring long-term structural and operational durability.
Major upgrades include a new 600-amp electrical system (100 amps per unit), all-new plumbing, a centralized hot water system, fire sprinklers, foundation, new roof, windows, smooth-finish stucco, custom gutters, and architectural steel staircases. Interiors of each residence features premium designer-level finishes, such us quartz countertops, custom style cabinetry, designer tile, high-end stainless-steel appliances, luxury vinyl plank flooring, in-unit washer and dryer, and individual split HVAC systems. Every unit has been meticulously designed to complement a modern coastal lifestyle, offering private outdoor living areas—including exclusive patios or expansive roof decks—with many units capturing panoramic ocean and bay views.
Centrally located just six blocks from the shoreline and steps from Garnet Avenue’s vibrant dining, retail, and entertainment corridor, The Surf House boasts a Walk Score of 96, driving strong resident demand and premium rents. With strict coastal zoning and limited new multifamily development, The Surf House stands out as a fully modernized, code-compliant asset in a high-barrier submarket, offering investors a rare combination of stability, long-term growth potential, and irreplaceable coastal location.
Major upgrades include a new 600-amp electrical system (100 amps per unit), all-new plumbing, a centralized hot water system, fire sprinklers, foundation, new roof, windows, smooth-finish stucco, custom gutters, and architectural steel staircases. Interiors of each residence features premium designer-level finishes, such us quartz countertops, custom style cabinetry, designer tile, high-end stainless-steel appliances, luxury vinyl plank flooring, in-unit washer and dryer, and individual split HVAC systems. Every unit has been meticulously designed to complement a modern coastal lifestyle, offering private outdoor living areas—including exclusive patios or expansive roof decks—with many units capturing panoramic ocean and bay views.
Centrally located just six blocks from the shoreline and steps from Garnet Avenue’s vibrant dining, retail, and entertainment corridor, The Surf House boasts a Walk Score of 96, driving strong resident demand and premium rents. With strict coastal zoning and limited new multifamily development, The Surf House stands out as a fully modernized, code-compliant asset in a high-barrier submarket, offering investors a rare combination of stability, long-term growth potential, and irreplaceable coastal location.
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.14 AC |
| No. Units | 10 | Building Size | 8,074 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1969/2024 |
| Apartment Style | Low-Rise | Parking Ratio | 1.11/1,000 SF |
| Building Class | C | ||
| Zoning | R-5 - Multifamily Dwelling | ||
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 8,074 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2024 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | R-5 - Multifamily Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Yard
- Deck
- Dining Room
- Double Pane Windows
- Freezer
SITE AMENITIES
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $3,769 CAD | 460 |
| 1+1 | 6 | $4,463 CAD | 620 |
| 2+1 | 2 | $5,793 CAD | 863 |
| 2+2 | 1 | $6,142 CAD | 863 |
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Walk Score®
Walker's Paradise (97)
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The Surf House | 1478 Hornblend St
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