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31309753
31309754

1930-34 Hornblend St, San Diego, CA 92109

BV
CA DRE 01883437
NorthMarq - San Diego
Listed by NorthMarq - San Diego
$2,700,000
97 days on market
Updated 8 days ago

5 Units Pacific Beach

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,328
Net Rentable (SqFt) 3,328
Units 5
Cap Rate 3.2%
NOI $86,319
Occupancy 100%
Pro-Forma Cap Rate 4.42%
Pro-Forma NOI $119,265
Price per SqFt $811
Broker Co-Op No
Class C
Year Built 1975
Buildings 2
Stories 2
Lot Size (SqFt) 6,251
Parking Spaces 7 spaces
Parking Per SqFt 2.10
Investment Type Value Add

ADU Potential

Marketing description

We are pleased to present 1930-34 Hornblend Street in beautiful Pacific Beach. The property consists of a detached, front 3 Bed / 1.5 Bath house with a large, fenced yard, and a rear structure built in 1975 with 2 second story 2 Bed / 1.5 Bath units above a 1 bedroom and a studio unit with 3 single car garages that provide additional income. There are 4 additional parking spaces in the alley. There are 4 electric meters. Several units have been remodeled. The roof on the rear structure was replaced last year and the roof on the front house was replaced 13 years ago. The investment is ideal for an owner occupant or investor and has upside in rents.

The property is a short walk or bike ride to Fanuel Park/Sail Bay, Trader Joes/CVS/Vons, and the numerous amenities in the Grand/Garnet Community corridor. USD/UCSD/SDSU are all located within 15 min drive and there is quick access to the 5/8/52 freeways leading to job centers in UTC, Sorrento Valley, and Downtown. Pacific Beach rentals see little vacancy and have consistent rising rents.

Pacific Beach in San Diego is a young beach town with the attraction of the surf and sand by day and the lure of bars and restaurants by night. Located south of La Jolla and north of Mission Beach, this San Diego beach has a popular nightlife and craft beer scene, which attracts a college-aged and young professional crowd. San Diego Pacific Beach hosts a variety of different kinds of clubs, bars, and restaurants. There are various family-friendly restaurants and plenty of activities for families and those just looking for a quiet getaway.

San Diego’s Pacific Beach is also the ideal spot to catch some waves on your surfboard, kayak, sailboard, or paddle board. Pacific Beach has the Ocean Front Walk, which is a boardwalk that stretches parallel to the Pacific Ocean and is ideal for watching the sunset. The boardwalk is lined with shops and restaurants, and it is always filled with beach cruisers, joggers and walkers. Garnet Avenue is another attraction in Pacific Beach, which is packed with boutiques providing everything from beach souvenirs to trendy clothing. The San Diego beach market sells local produce, cuisine and arts and jewelry.

Listing Contacts

BV
CA DRE 01883437
NorthMarq - San Diego
Listed by NorthMarq - San Diego

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$86,319.00
$7,193.25/mo

Valuation Metrics

0
DSCR
3.2%
Cap Rate
3.2%
ROI

Map

Zoning

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CO-1-2 CommercialOfficeCommercial Office
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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