2630-32 Hornblend St

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2630-32 Hornblend St

San Diego, CA 92109
Asking Price
$2.05M
Asset Type
Multifamily
Class
Class B

What's Special

2630-32 Hornblend St is located in the Pacific Beach neighborhood of San Diego, situated four blocks east of the Interstate 5 freeway. The property is positioned within a high-density coastal community characterized by a mix of residential dwellings and local businesses. Residents have walking access to the Grand Avenue commercial corridor, which features numerous grocery stores, pharmacies, and dining options. The location is approximately one mile from the Pacific Ocean and Mission Bay Park. Public transportation is accessible via multiple bus routes on nearby Garnet Avenue, providing connections to the Balboa Avenue Trolley Station and greater San Diego. This multifamily asset is suited for a long-term hold strategy or a value-add renovation to align with current market standards. Given the proximity to major employment hubs in La Jolla, University City, and downtown San Diego, the typical tenant profile consists of young professionals and service-industry workers seeking coastal proximity. The layout and location also cater to students attending the nearby University of San Diego or UC San Diego. The property is designed for renters who prioritize a walkable lifestyle and high accessibility to regional transit corridors and outdoor recreational amenities.

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NOI
$80,000
Cap Rate
3.90%
DSCR
0.66
Underwater
Cash-on-Cash
-6.78%
Monthly Payment
$10,142.281
Annual Cash Flow
$-41,707.378

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