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1478 Hornblend St 10 Unité Immeuble d’appartements 7 628 115 $ CAD (762 811 $ CAD/Unité) 5,12% Taux de capitalisation San Diego, CA 92109



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Faits saillants de l'investissement
- Newly Rebuilt 2024 Asset: Comprehensive permitted redevelopment completed in June 2024.
- Prime Pacific Beach Location: Positioned six blocks from the shoreline in a highly desirable coastal rental market.
- Extensive Infrastructure Upgrades: Updated electrical, plumbing, hot-water, fire-safety, foundation, roof, window, and exterior systems.
- Turnkey Coastal Investment: Modernized property with limited near-term capital improvement needs.
- Walkable Lifestyle Setting: Steps from Garnet Avenue’s dining, retail, cafés, nightlife, and neighborhood amenities.
- In-Unit Washer/Dryers: Highly desirable amenity that supports rentability and tenant retention.
Résumé de l'annonce
We are pleased to exclusively offer The Surf House, a newly reimagined 10-unit apartment community located at 1478 Hornblend Street in San Diego’s Pacific Beach neighborhood. Designed for today’s coastal renter, the property combines modern apartment finishes, extensive building-system upgrades, and a highly walkable beachside setting within one of San Diego’s most supply-constrained rental markets.
The asset was comprehensively rebuilt and delivered in June 2024 following a full permitted redevelopment through the City of San Diego. The renovation scope substantially modernized the property from both an operational and resident-experience standpoint, including upgraded electrical capacity, new plumbing, a centralized hot-water system, fire sprinklers, foundation improvements, roofing, windows, exterior finishes, gutters, and architectural steel staircases.
Inside the residences, The Surf House offers a polished coastal living environment with contemporary finishes and practical in-unit amenities. Units feature quartz countertops, custom-style cabinetry, designer tile accents, stainless-steel appliances, luxury vinyl plank flooring, in-unit laundry, individual split-system HVAC, and dedicated outdoor areas, including patios or rooftop decks. Select homes further benefit from scenic ocean and bay views, adding to the property’s lifestyle appeal.
Located just six blocks from the beach and within immediate reach of Garnet Avenue’s restaurants, shops, cafés, and nightlife, the property is well positioned to attract renters seeking both convenience and coastal access. With limited new multifamily inventory in Pacific Beach and strong demand for renovated, amenity-rich housing, The Surf House provides investors with a turnkey coastal asset supported by durable renter demand and long-term ownership fundamentals.
The asset was comprehensively rebuilt and delivered in June 2024 following a full permitted redevelopment through the City of San Diego. The renovation scope substantially modernized the property from both an operational and resident-experience standpoint, including upgraded electrical capacity, new plumbing, a centralized hot-water system, fire sprinklers, foundation improvements, roofing, windows, exterior finishes, gutters, and architectural steel staircases.
Inside the residences, The Surf House offers a polished coastal living environment with contemporary finishes and practical in-unit amenities. Units feature quartz countertops, custom-style cabinetry, designer tile accents, stainless-steel appliances, luxury vinyl plank flooring, in-unit laundry, individual split-system HVAC, and dedicated outdoor areas, including patios or rooftop decks. Select homes further benefit from scenic ocean and bay views, adding to the property’s lifestyle appeal.
Located just six blocks from the beach and within immediate reach of Garnet Avenue’s restaurants, shops, cafés, and nightlife, the property is well positioned to attract renters seeking both convenience and coastal access. With limited new multifamily inventory in Pacific Beach and strong demand for renovated, amenity-rich housing, The Surf House provides investors with a turnkey coastal asset supported by durable renter demand and long-term ownership fundamentals.
Faits sur la propriété
| Prix | 7 628 115 $ CAD | Sous-type de propriété | Appartement |
| Prix par unité | 762 811 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,14 AC |
| Taux de capitalisation | 5,12% | Taille du bâtiment | 6 769 pi² |
| Multiplicateur du loyer brut | 13.64 | Occupation moyenne | 100% |
| Nombre d’unités | 10 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1969/2024 |
| Zonage | RM-2-5 | ||
| Prix | 7 628 115 $ CAD |
| Prix par unité | 762 811 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,12% |
| Multiplicateur du loyer brut | 13.64 |
| Nombre d’unités | 10 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Classe d’immeuble | C |
| Taille du lot | 0,14 AC |
| Taille du bâtiment | 6 769 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1969/2024 |
| Zonage | RM-2-5 |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 1 | 3 606 $ CAD | 460 |
| 1+1 | 6 | 4 223 $ CAD | 620 |
| 2+1 | 2 | 5 340 $ CAD | 863 |
| 2+2 | 1 | 5 728 $ CAD | 863 |
1 1
Très accessible à pied
80/100
Moyennement adapté aux voitures
70/100
Transports en commun relativement accessibles
50/100
Moyennement accessible en vélo
60/100
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1478 Hornblend St
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