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2630-2632 Hornblend St 2 Unit Apartment Building $2,900,955 CAD ($1,450,477 CAD/Unit) 2.05% Cap Rate San Diego, CA 92109
Investment Highlights
- Two detached single-family residences on one lot with a detached garage and ample off street parking.
- Potential ADU opportunity through the detached garage, subject to buyer verification.
- 30%+ upside in gross scheduled income based on current vs. market-supported rents.
- Coastal-adjacent Pacific Beach location near Mission Bay, Rose Creek Trail, Mission Bay Golf Course, I-5 access, retail, and dining.
Executive Summary
2630–32 Hornblend St presents a rare Pacific Beach duplex opportunity featuring two detached single-family residences, a detached garage, and ample off-street parking. With 30%+ upside in gross scheduled income, potential ADU opportunity, and a flexible ownership profile. The property appeals to both investors and owner-occupants.
The property benefits from a strong coastal-adjacent location with immediate access to Interstate 5, Rose Creek Trail, Mission Bay, Mission Bay Golf Course, nearby retail, and popular Pacific Beach dining. Offering rental upside, parking, detached structures, and long-term value-add potential, this asset is well-positioned in one of San Diego’s most desirable rental markets.
The property benefits from a strong coastal-adjacent location with immediate access to Interstate 5, Rose Creek Trail, Mission Bay, Mission Bay Golf Course, nearby retail, and popular Pacific Beach dining. Offering rental upside, parking, detached structures, and long-term value-add potential, this asset is well-positioned in one of San Diego’s most desirable rental markets.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,900,955 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $1,450,477 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 2.05% | Building Size | 1,235 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1952 |
| Zoning | RM-2-5 - Residential Multifamily | ||
| Price | $2,900,955 CAD |
| Price Per Unit | $1,450,477 CAD |
| Sale Type | Investment |
| Cap Rate | 2.05% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 1,235 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1952 |
| Zoning | RM-2-5 - Residential Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,972 CAD | 630 |
| 1+1 | 1 | $4,104 CAD | 570 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $650,021 CAD (2025) | |
| Land Assessment | $2,435,966 CAD (2025) | Total Assessment | $3,085,988 CAD (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$2,435,966 CAD (2025)
Improvements Assessment
$650,021 CAD (2025)
Total Assessment
$3,085,988 CAD (2025)
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2630-2632 Hornblend St
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