Residential Income in San Diego

$2,295,000

1951 55 Hornblend St., 92109, San Diego, CA

Residential Income for sale in San Diego, 1951 55 Hornblend St., 92109

1951 55 Hornblend St., 92109, San Diego, CA

$2,295,000

Type: Residential Income

Description

Detached single-level 5BR/2BA house plus two townhomes, one block off Garnet Ave in Pacific Beach. Live in the front house and rent the back, or hold all three. Current rents $16, 000/mo ($192, 000/yr), a 5.90% cap on a buyer's basis. Tenants pay water, sewer, trash, SDG&E and internet, and reimburse the City trash fee. The front house (~1, 150 sf) has a fireplace, fenced patio yard and 2-car driveway. In back, two mirror-image 2-story 2BR/1.5BA townhomes (~1, 000 sf each): living room open to above, eat-in kitchen and half bath downstairs, two bedrooms upstairs over the garage, private patio and an alley parking space for each. The value-add is the ~800 sf garage, with two paths. Path A: extend both rear units into the garage to make each a 4BR/2.5BA, est. $75K. At the front house's $1, 580 per bedroom, that projects a 7.60% yield on price plus cost. Path B: convert the garage into a separate 3BR ADU at an est. $5, 500/mo. Both keep all four off-street spaces and are subject to City of San Diego approval. Around the corner from Better Buzz Coffee and Garnet dining; ~1/3 mi to Trader Joe's and Mission Bay; ~1.3 mi to the beach at Crystal Pier. 6, 586 sf lot, zoned CO-1-2. Full OM with financials, floor plans and renderings available on request.

Agent Information

Location

1951 55 Hornblend St., 92109, San Diego, CA

Data

Object TypeResidential Income
Purchase Price$2,295,000
Living Space0 m²
Plot Size611.86 m²
BathroomsN/A
Construction Year1977
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeCombination
Primary Energy SourceN/A
Construction Year1977
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

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