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1468 Hornblend St

San Diego, CA 92109
  • $15,200,000
  • STATUS: ACTIVE
  • ON SITE: 167 Days
  • ID#: 230011954
UPDATED: 46 min ago
$15,200,000
  • 3
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Pleased to present for sale a portfolio of two highly renovated 10-unit apartment complexes in the Pacific Beach neighborhood of San Diego. With the modernizations completed and leased in 2022-2023, these brand-new properties can be purchased together or separately. Surf House Pacific Beach located at 1468 Hornblend St is comprised of (three) 2-bedroom/1-bathroom units, (six) 1-bedroom/1-bathroom units, and (one) studio/1-bathroom unit. Board House Villas, located at 2121 Thomas Ave, is comprised of (3) 2-bedroom/1-bathroom units, (5) 1-bedroom/1-bathroom units, and (2) oversized studio/1-bathroom units.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/140838742
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1468 Hornblend St San Diego, CA 92109

  • Price: $15,200,000
  • Status: ACTIVE
  • On Site: 167 Days
  • Updated: 46 min ago
  • ID#: 230011954
3
Beds
3
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Pacific Beach (92109)
County:
San Diego
Area:
Pacific Beach (92109)
Property Description
Pleased to present for sale a portfolio of two highly renovated 10-unit apartment complexes in the Pacific Beach neighborhood of San Diego. With the modernizations completed and leased in 2022-2023, these brand-new properties can be purchased together or separately. Surf House Pacific Beach located at 1468 Hornblend St is comprised of (three) 2-bedroom/1-bathroom units, (six) 1-bedroom/1-bathroom units, and (one) studio/1-bathroom unit. Board House Villas, located at 2121 Thomas Ave, is comprised of (3) 2-bedroom/1-bathroom units, (5) 1-bedroom/1-bathroom units, and (2) oversized studio/1-bathroom units.
Interior Features

Sq Ft Of Improvement 15327

Property Features

Actual Cap Rate 3.8 Actual Gross Scheduled Income 825600.0 Actual Operating Expense 242101 Assumable Finance 0 Buildings 2 Gross Equity 15200000 Gross Multiplier 18.41 Have 2 Apartment Complexes Mandatory Remarks None Known Market Area Coastal South Motive Want To Sell Other Income Actual 6300 Projected Cap Rate 4.11 Projected Gross Multiplier 17.37 Projected Gross Scheduled Inc 875124 Projected Operating Expense 243065 Projected Other Income 6300 Unit Number1 6 Unit Number2 11 Unit Number3 3 Unit Rent1 4046 Unit Rent2 3316 Unit Rent3 2683

San Diego MLS logo Listing provided courtesy of Carson Trujillo of Marcus & Millichap: 858-373-3285. Listing information © 2023 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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