Property Details

1478 Hornblend St

San Diego CA 92109

$4,995,000

Status: Active

Property Details

Description

1478 Hornblend St will be delivered VACANT so you can immediately set market rents with no evictions. Approved plans and permits to convert the garages to (2) studio units, approx. 420 SF each, will transfer with the sale making this property 10 units total. This asset is currently operated as an 8-unit short-term vacation rental. *6.24% cap rate is based on current short-term vacation rentals. Call or email for more details. Comprised of (3) 2-bedroom/1-bathroom units and (5) 1-bedroom/1-bathroom units, this property has two double garages facing the alley that can be converted into (2) ADU studio units. One of the unit’s interiors was highly renovated and the other seven were lightly remodeled in 2022. The property is fully furnished and can convey with the sale. Investors may continue to operate as is, rent on annual leases, or further improve the property increasing rents even further.

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