1478 Hornblend St, San Diego, CA 92109
Bedrooms: 0
Bathrooms: 0
Area: 0 SqFt.
Pleased to present for sale a portfolio of three highly renovated 10-unit apartment complexes in the Pacific Beach neighborhood of San Diego. Two properties were completed and leased in 2022-2023, and the third is currently under construction with an estimated completion date of January 2024. These brand-new properties can be purchased together or separately. Properties include 1478 Hornblend St, 1468 Hornblend St, and 2121 Thomas Ave. The Hornblend located at 1478 Hornblend St is currently undergoing construction. It is comprised of (one) 2-bedroom/2-bathroom unit, (two) 2-bedroom/1-bathroom units, (five) 1-bedroom/1-bathroom units, and (two) 1-bedroom/1-bathroom ADUs. 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. These turn-key assets have been highly renovated with a luxurious modern design using high-end materials. Each unit features convenient full-size laundry, brand-new heating and AC systems, contemporary kitchens and bathrooms, and stylish plank vinyl flooring. Select unit living rooms feature roll-up glass garage doors that open to spacious private patios, some of which even offer private hot tubs. Additionally, select units have access to rooftop decks with ocean and bay views. All work has been completed with full City of San Diego building permits and inspection to current code. Currently leased to a successful short-term vacation rental company, the property grants investors the flexibility to continue as-is or rent to long term tenants with one of Pacific Beach’s newest luxury communities. Pacific Beach is one of San Diego’s most sought-after rental markets for annual and short-term rentals characterized by consistently low vacancy rates and a high demand for quality housing. Surf House Pacific Beach offers investors the opportunity to acquire a turnkey property and capitalize on a stable and reliable rental market. Pacific Beach continues to attract high quality tenants who are willing to pay a premium to live walking distance to the most popular bars, shops, restaurants, and beaches in San Diego. Positioned to benefit from long-term appreciation and rent escalations, this property is coastally located with the investor’s longevity in mind.
CA DRE #01870580
6965 El Camino Real 105-690, Carlsbad CA 92009
877.692.8427
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 Sandicor®. 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 © 2017 Sandicor®, Inc.
© Copyright 2023 Lincoln Realty Group. Powered by
One fine body…