2741 Hornblend St - Apartments FOR SALE


San Diego, CA 92109- Pacific Beach
$3,700,000 USD
858-369-3085
2741 Hornblend St, San Diego, CA for Sale
$3,700,000 USD
Apartments - FOR SALE
1/10
null | 4% Cap Rate

2741 Hornblend St
San Diego, CA 92109
Pacific Beach


OVERVIEW

Please contact the listing agent for the Offering Memorandum. Adelle Mar Apartments is a prime multifamily investment opportunity located in the highly desirable coastal community of Pacific Beach, San Diego. This well-maintained asset features an at tractive unit mix comprising two studios, seven one-bedroom/ one-bath units, and one two-bedroom/one-bath unit. The property has benefited from recent capital improvements and major building system upgrades, with select units receiving moderate interior renovations. For investors seeking value-add potential, there is significant upside through a comprehensive renovation program that could substantially increase rental income. Strategically located west of Interstate 5 and within walking distance to Mission Bay and Mission Bay Park—a 4,600-acre aquatic recreation area—Adelle Mar Apartments offers residents easy access to scenic beaches, outdoor activities, and an array of popular local restaurants, retail, and entertainment options. The neighborhood maintains a quiet, beach-town atmosphere with plentiful street parking. DO NOT WALK THE PROPERTY WITHOUT THE LISTING BROKER PRESENT. TENANTS ARE NOT AWARE OF THE BUILDING SALE. PLEASE DO NOT APPROACH OR DISTURB ANY OF THE TENANTS.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$447 USD /SF

# OF UNITS

10

PRICE/UNIT

$370,000

CAP RATE

4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Adelle Mar

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,752 SF

ZONING

R3

APN/PARCEL ID

424-122-08

ASK ABOUT THIS PROPERTY

Merrick MatricardiKidder MathewsMore Info
858-369-3085

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Merrick MatricardiKidder MathewsMore Info
858-369-3085

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