1704 Hornblend Street
$16,500,000
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Description
Located in the heart of Pacific Beach and walkable to countless neighborhood assets, this brand new construction mid-rise built in 2023 is a rare find in a bustling coastal community. Mix includes 18x 2 bed/2baths, 2x 1 bed/1bath, and 1x commercial retail space. Building has secure entry, lobby/mail room, elevator, garage with 21 parking spaces including 2 EV chargers, bike storage, and refuse room. Apartments feature quartzite countertops, in-unit laundry, central heat & AC, vinyl flooring, balcony(s),...Located in the heart of Pacific Beach and walkable to countless neighborhood assets, this brand new construction mid-rise built in 2023 is a rare find in a bustling coastal community. Mix includes 18x 2 bed/2baths, 2x 1 bed/1bath, and 1x commercial retail space. Building has secure entry, lobby/mail room, elevator, garage with 21 parking spaces including 2 EV chargers, bike storage, and refuse room. Apartments feature quartzite countertops, in-unit laundry, central heat & AC, vinyl flooring, balcony(s), and stainless steel appliances. Apartment utilities are metered separately and paid by tenants. Leasing and move-ins are currently underway. Cost segregation study recently completed, which will provide an additional $1.28M in depreciation for 2024. Building is solar-ready, which is estimated to provide $25k in revenue/year if installed along with additional tax credits. Documentation is available upon request. Exceptional walkability to groceries, restaurants, cafes, gyms, yoga studios, and more. 1.5 miles to the ocean, 1.5 miles to Interstate 5, and a 15 minute drive to San Diego International Airport. 3% Estimated Cap Rate | 21.51 Gross Rent Multiplier.
- Listed by Steven E Cairncross • DRE #00859218 • Brokerage DRE #01317331 • Berkshire Hathaway HomeServices California Properties
- Listed by Patrick S Cairncross • DRE #01984531 • Brokerage DRE #01317331 • Berkshire Hathaway HomeServices California Properties
Property Details for 1704 Hornblend Street
City Postal ID
PACIFIC BEACH (92109)
LISTING UPDATED: 02/22/2024 10:35 AM
Property Details for 1704 Hornblend Street
Status | Active |
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MLS # | 240003803 |
Days on Market | 273 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial-Res Income / Apartment |
Year Built | - |
Lot Size | 0.19 AC / 8,276 SF |
County | San Diego County |
Building Information for 1704 Hornblend Street
Stories-Residences-Year Built-Building Size-Lot Size0.19 AC / 8,276 SF
Property Information for 1704 Hornblend Street
Property History for 1704 Hornblend Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1704 Hornblend Street
Taxable ValueLand$955,087Additions$5,475,000Total$6,430,087
Tax Record2024$79,075 ($6,590 / month)
Home Facts
Total Finished SqFt896 SqFtAbove Grade Finished SqFt896 SqFtLot Size6,236 SqFtStyleMulti-Family Res (5+ Units)Year Built1929ZoningCOMMERCIALCountySAN DIEGOAPN424-021-21-00
Schools near 1704 Hornblend Street
This home is within San Diego Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 6 |
Rating | School | Distance |
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Pacific Beach Elementary School PublicK to 5 | ||
Pacific Beach Middle School Public6 to 8 | ||
Mission Bay High School Public9 to 12 | ||
Barnard Elementary School PublicK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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