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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.

Faits sur la propriété

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
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
  • ID d’inscription: 41776926

  • Date de mise sur le marché: 2026-08-17

  • Dernière mise à jour:

  • Adresse: 1478 Hornblend St, San Diego, CA 92109

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