1704 Hornblend Street

San Diego, CA 92109

$16,500,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.
  1. Listed by Steven E Cairncross • DRE #00859218 • Brokerage DRE #01317331 • Berkshire Hathaway HomeServices California Properties
  2. 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

StatusActive
MLS #240003803
Days on Market273
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income / Apartment
Year Built-
Lot Size0.19 AC / 8,276 SF
CountySan 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

Summary Information
Property and Location
  • System ID: 240003803
  • Class: COMMERCIAL-RES INCOME
  • Street Number Numeric: 1704
  • Street Name: Hornblend St
  • Market Area: Coastal South
  • Directions To Property: Corner of Hornblend St and Jewell St
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 20
Exterior Features
  • Roof: Composition
Property Information
Property and Assessments
  • Entry Only: No
  • Lot Size: .25 Acres or less
  • Assessors Parcel Num: 424-021-21-00
Multi Family Information
Building Details
  • Unit Type: Apartment, Other/Remarks
  • Age: 2023
  • Amenities: Elevator
  • Floor Covering: Vinyl
  • Floors: Other/Remarks
  • Have: 20 RES UNITS+1 COMMERCIAL
  • Motive/Want: Sell
  • Parking: Spaces
  • SqFt of Improvement: 14,742
  • Tenant Pays Electric: Y
  • Tenant Pays Gas: Y
  • Tenant Pays Water: Y

Property History for 1704 Hornblend Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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
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.

Similar Homes

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1704 Hornblend Street is a multi-family home for sale in San Diego, CA 92109. This property was listed for sale on February 21, 2024 by Berkshire Hathaway HomeServices California Properties, it's currently listed at $16,500,000. It has been on the market for a total of 273 days and was last sold on June 6, 2024. This listing's school district is San Diego Unified School District. Nearby schools include Pacific Beach Elementary School, Pacific Beach Middle School and Mission Bay High School. 1704 Hornblend Street is a 0-bed, 0-bath, multi-family home.

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Listing Courtesy of Berkshire Hathaway HomeServices California Properties, Steven E Cairncross, DRE #00859218; Berkshire Hathaway HomeServices California Properties, Patrick S Cairncross, DRE #01984531

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