1930-1934 Hornblend St 5 Unit Apartment Building $3,479,250 CAD ($695,850 CAD/Unit) 3.45% Cap Rate San Diego, CA 92109

We are pleased to present 1930-34 Hornblend Street in beautiful Pacific Beach. The property consists of a detached, front 3 Bed / 1.5 Bath house with a large, fenced yard, and a rear structure built in 1975 with 2 second story 2 Bed / 1.5 Bath units above a 1 bedroom and a studio unit with 3 single car garages that provide additional income. There are 4 additional parking spaces in the alley. There are 4 electric meters. Several units have been remodeled. The roof on the rear structure was replaced last year and the roof on the front house was replaced 13 years ago. The investment is ideal for an owner occupant or investor and has upside in rents.
The property is a short walk or bike ride to Fanuel Park/Sail Bay, Trader Joes/CVS/Vons, and the numerous amenities in the Grand/Garnet Community corridor. USD/UCSD/SDSU are all located within 15 min drive and there is quick access to the 5/8/52 freeways leading to job centers in UTC, Sorrento Valley, and Downtown. Pacific Beach rentals see little vacancy and have consistent rising rents.
Pacific Beach in San Diego is a young beach town with the attraction of the surf and sand by day and the lure of bars and restaurants by night. Located south of La Jolla and north of Mission Beach, this San Diego beach has a popular nightlife and craft beer scene, which attracts a college-aged and young professional crowd. San Diego Pacific Beach hosts a variety of different kinds of clubs, bars, and restaurants. There are various family-friendly restaurants and plenty of activities for families and those just looking for a quiet getaway.
San Diego’s Pacific Beach is also the ideal spot to catch some waves on your surfboard, kayak, sailboard, or paddle board. Pacific Beach has the Ocean Front Walk, which is a boardwalk that stretches parallel to the Pacific Ocean and is ideal for watching the sunset. The boardwalk is lined with shops and restaurants, and it is always filled with beach cruisers, joggers and walkers. Garnet Avenue is another attraction in Pacific Beach, which is packed with boutiques providing everything from beach souvenirs to trendy clothing. The San Diego beach market sells local produce, cuisine and arts and jewelry.