1016-1024 Hornblend St
San Diego, CA 92109
Build-to-Rent Property For Sale · 8 Units

1016 Hornblend Street is a rare investment opportunity in the highly desirable location of Pacific Beach within a few blocks of the ocean and just off of Garnet Ave. 1016 Hornblend Street is an 8 unit apartment complex that sits on a 9,317 square foot lot and 7,304 rentable square feet. The subject property is comprised of eight spacious 3 bdrm / 2 bath units with the top units debuting vaulted ceilings. Other attractive tenant offerings include in unit washer & dryers, a personal private balcony or patio for each unit, laminate flooring in select units, and (8) off street tandem parking spaces. Pacific Beach is comprised of mostly single-family homes, condo residences, and luxury apartments. Owners tend to hold onto investments in this prized sub-market and due to this, properties are seldom seen on the market. Pacific Beach is perceived to be among the best multifamily investment neighborhoods in San Diego, along with Del Mar, Coronado, and neighboring La Jolla. The subject property is situated parallel to the bustling Garnet Avenue and just blocks away from the eminent Crystal Pier, a tourist favorite. With year-round high car count from tourists and locals alike, this asset possesses an inevitable growth and undeniable appeal due to its prime location. This asset is perfectly positioned for the investor seeking a long-term pride of ownership opportunity in a premier San Diego location that is destined to maintain its desirability and increase in value over time.