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SOLD 6/24/2021

1352 Hornblend St., San Diego, CA 92109$2,400,000

8
beds
7
baths
· 6234
ft2 lot

Listing provided courtesy of Listing Broker: Matt Robinson, Acre Investment Real Estate
Source CRMLS;
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The Hornblend Street Luxury Apartment Homes is a meticulously maintained and turnkey rental community located in the highly desirable Pacific Beach sub-market of San Diego. This pride of ownership and completely remodeled property has (1) charming 2-Bed/1-Bath detached house in the front with a nice yard space, a private patio, and tandem parking. (1) 2-Bed/1-Bath unit that includes a one car garage and has a private patio. (1) 2-Bed/2-Bath unit upstairs with vaulted ceilings, a private balcony, and (1) spacious 2-Bed/2.5Bath townhouse unit with two patios. All units have fireplaces, granite counters, newer cabinets with soft close drawers, stainless steel appliances, dual paned windows, tile showers, upgraded faucets, shower heads, custom vinyl fencing, gates, and more. The landscaping utilizes artificial turf, drought resistant plants, and a low flow sprinkler system that together reduces maintenance and conserves water. There is on-site laundry that produces additional income and 7 on-site parking spaces. There is approximately 10% upside in rental income. The subject property has been meticulously cared for over the years and there is an opportunity to maximize the income by raising rents over time.  The property is walking distance to the vibrant Garnet Avenue Business District including major retailers such as Vons, Trader Joe's, CVS, Starbucks, various local restaurants, and is only 6.5 blocks to the beach & bay. Exterior: Wood/Stucco Sewer: Sewer Connected Unit # for Unit 1: 1352 Unit # for Unit 2: 1354 A Unit # for Unit 3: 1354 B Unit # for Unit 4: 1354 C Number of Furnished Units: 0 Topography: LL

HOA

$0/month

On market

11 days

Year built

1984

Property type

Multi-Family

Parking

MLS

210011968

Price / Sq.Ft.

ft2

Status

Closed

Home details for 1352 Hornblend St.

Interior Features & Layout
Appliances
•   
Appliances: Gas Water Heater
•   
Has Appliances
•   
Security Features: Gated Community
Heating & Cooling
•   
Has Heating
•   
Heating Details: Electric, Wood, Combination, Forced Air
•   
Cooling Details: Wall/Window Unit(s)
Property, Lot, Community & Exterior Features
Building Info
•   
Zoning: RM-2-5
•   
Roof: Composition
•   
Stories Total: 2
•   
Num Stories: Two
Lot Info
•   
Lot Features: Sprinklers Drip System, Sprinkler System
•   
Lot Size Acres: 0.1400
•   
Lot Size Area: 6234.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 4
Property Features
•   
Fencing: Partial
Listing Details, Costs & Financing Information
Lease Info
•   
Net Operating Income: 91680.00
Financial Info
•   
Cap Rate: 3.82
•   
Gross Scheduled Income: 139800.00
Tax/Assessment Info
•   
Tax Year: 2020
•   
Taxes: 6247.0
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 3000.00
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 2
Unit 2 Information
•   
Unit 2 Actual Rent: 2750.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Bathrooms: 3
•   
Unit 2 Garage Spaces: 0.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 3300.00
Unit 4 Information
•   
Unit 4 Actual Rent: 2600.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 1.00
•   
Unit 4 Bedrooms: 2
Multi Unit Information
•   
Number With Refrigerator: 4
•   
# Of Units: 4
•   
Number With Patio: 4
•   
Number With Dishwasher: 4
•   
Number With Range: 4
School Neighborhood & Directions
Location
•   
Other Subdivision Name: San Diego
•   
Subdivision: San Diego
School Info
•   
Directions: CrossStreet: Fanuel St. & Gresham St.
Virtual Tour Link
Virtual Tour
•   
Virtual Tour Url Unbranded
Other
Calculation
•   
Dom: 12
•   
Cdom: 12

Neighborhood snapshot

33
Properties for sale
7
Median days on market
$793.20
Median sold price/sqft
101.87%
Sold/List %
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Property History for 1352 Hornblend St.

06/24/2021
06/24/2021
Public Record
sold
Public Record
$2,400,000
--3.03%
06/24/2021
06/24/2021
CRMLS #210011968
sold
CRMLS #210011968
$2,475,000
05/17/2021
05/17/2021
CRMLS #210011968
pending
CRMLS #210011968
$2,475,000
05/05/2021
05/05/2021
CRMLS #210011968
active
CRMLS #210011968
$2,475,000

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