1009-1017 Hornblend St - Apartments FOR SALE


San Diego, CA 92109- Pacific Beach
$4,100,000 USD
619-784-1031
1009-1017 Hornblend St, San Diego, CA for Sale
$4,100,000 USD
Apartments - FOR SALE
1/11
null | 4.38% Cap Rate

1009-1017 Hornblend St
San Diego, CA 92109
Pacific Beach


HIGHLIGHTS

  • ***Assumable loan at 5.4% for 8 more years***
  • Irreplaceable Coastal Real Estate 2 blocks from the Ocean
  • Offered at a 4.38% Cap Rate
  • Desirable Unit Mix: 1, 2 and 3 Bedroom Units
  • Stabilized Asset w/ Strong In-place Income
  • Shared Common Area Yard for Tenants to Enjoy

OVERVIEW

***Assumable loan at 5.4% for 8 more years*** Contact us for details This is a fantastic opportunity to acquire a fully renovated coastal 6-unit complex in the high-demand rental market of Pacific Beach, offered at an attractive 4.38% cap rate. The property is located just a couple of blocks from the Pacific Ocean and is conveniently situated between Grand Ave and Garnet Ave, with easy access to an abundance of shops, restaurants, cafes, bars, and the beach. The unit mix consists of (1) 3Bedroom/2Bathroom, (3) 2Bedroom/1Bathroom, and (2) 1Bedroom/1Bathroom units, offering a diverse mix well-suited to the strong Pacific Beach rental market.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$1,082 USD /SF

# OF UNITS

6

PRICE/UNIT

$683,333

CAP RATE

4.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 blocks to Ocean | Assumable Loan at 5.4%

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RM-2-5 & CC-4-2

APN/PARCEL ID

423-052-23

ASK ABOUT THIS PROPERTY

James V. CarterApartment Realty Group, IncMore Info
619-784-1031

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

James V. CarterApartment Realty Group, IncMore Info
619-784-1031

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.