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. Comprised of (3) 2-bedroom/1-bathroom units and (5) 1-bedroom/1-bathroom units. In addition, this property has two double garages facing the alley with plans approved by the city to add two ADU studio units. Currently one of the unit’s interiors has been recently renovated and the other seven recently refreshed. Exterior renovations include new paint, dual pane vinyl windows, and drought tolerant landscaping. The property is currently fully furnished and rented as short-term vacation rentals. Investors may continue to operate as is, rent as monthly rentals, or continue renovating the property increasing rents even further.

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