$4,099,000
1424 Hornblend Street San Diego, CA 92109
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$4,099,000
Est. payment /mo
6,237 Sqft Lot
Active
1424 Hornblend Street San Diego, CA 92109
UPDATED:
05/20/2024 11:48 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 240011237
Lot Size 6,237 Sqft
Acres 0.13
Property Description
We are pleased to present 1424-30 Hornblend St within a desirable pocket of Pacific Beach in San Diego, CA. This Huffman building rests on a 6,237-square-foot lot and has approximately 5,800 square feet of rentable space. 1424-30 Hornblend is comprised of Four 2 Bedroom / 1 Bathroom & Four 1 Bedroom / 1 Bathroom units with 9 off-street parking spaces. 3 of the units have been partially to fully renovated (1424.5, 1428, 1430) and receive market rents while the rest are well under market showing a proven renovation model. ADU Geeks have recently provided plans for six small 318 SF studio ADUs to be built at the rear of the building which would be perfect for the value-add investor. This property offers investors the unique opportunity to acquire a value-add property in the heart of Pacific Beach near restaurants, shops, and stores. Located only seven blocks from Mission Bay and Mission Beach tenants get to enjoy water sports year-round. Pacific Beach is known by locals as PB and attracts the most desirable demographic of tenants. Increasing market demand continues to raise rent income and maintain low vacancy rates in the PB neighborhood
Location
State CA
County San Diego
Area Pacific Beach (92109)
Interior
Heating Wall
Laundry Owned
Exterior
Garage Spaces
Roof Type Composition
Total Parking Spaces 9
Building
Story 2
Lot Size Range .75 through 1.5 Acres
Others
Space Rent $222,168
Listed by Conor M Brennan • Marcus & Millichap
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