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$4,099,000

Est. payment - /mo

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6,237 Sqft Lot

Active

1424 Hornblend Street San Diego, CA 92109

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:49 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 240011237SD

HOA Y/N No

Lot Size 6,237 Sqft

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 92109 - Pacific Beach

Interior

Heating Wall Furnace

Fireplace No

Exterior

Roof Type Composition

Total Parking Spaces 9

Others

Tax ID 4230921500

Listed by Conor Brennan • Marcus & Millichap

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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