The Hornblend Apartment Homes, an 8 unit rental community centrally located in Pacific Beach, CA. Situated on a 6,240-square-foot lot, the property features four spacious 1-bedroom/1-bath units, two 2-bedroom/1-bath units, and one 2-bedroom/2-bath unit. Residents enjoy a peaceful, well-kept courtyard, four on-site tandem parking spaces, four single car garages,… Read More and a convenient on-site laundry facility with leased equipment. Four of the units have been extensively remodeled and are rented at top market rents while the other four units have long terms tenant and can benefit for remodeling and renting at higher market rents. Additionally, the four single car garages in the rear have ADU potential to further increase rental income. With its prime location just minutes from the beach, vibrant dining, shopping, and outdoor recreation, The Hornblend Apartment Homes offer an attractive lifestyle for tenants seeking a balance of coastal living and urban convenience. The property has been well maintained over the years, yet a strategic value-add opportunity exists to modernize the interiors and further enhance rental income. Read Less
Property listed by MD Real Estate, Inc, Dylan Wright 619-255-3233
Listing Snapshot
Days Online
50
Last Updated
Property Type
Mixed Use
Lot Size
0.14 Acres
MLS Number
250022812SD
30 Days Snapshot Of 92109
$1.87M
+4%
(avg) sold price
26
+4%
homes sold
48
-37%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1 building
Expenses
Insurance expense: $5,203, Maintenance expense: $8,000, Operating expense: $85,995, Water sewer expense: $5,760, Other expense: $1,000
Income
Net operating income: $143,566
Lot
0.1433 acres, 6,240 square feet, Size: 6,240
Parking
12 totals parking
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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