Listing ID: 230000221
Price: $14,500,000
Status: ACTIVE
Address: 1956 Hornblend St
City: San Diego
State: California
Postal Code: 92109
County: San Diego
San Diego
CA
92109
The Blend, a collection of 14 NEW upscale townhomes in the heart of Pacific Beach. Inspired by the natural landscape of the coast along with structured contemporary architecture, these luxury townhomes have been designed to emphasize the modern direction PB is heading, while remaining woven into the existing well-known local beach scene. Each unit features 2 bedrooms, 2.5 bathroom, open living concept, outdoor living spaces, and attached over-sized 1 car garage. Available in three different floor plans, all completed with tasteful finishes, top-of-the-line appliances, breathtaking bay views, and welcoming layouts. Walkable to shops, restaurants, grocery stores, parks, schools, the bay and ocean. Easy access to public transit.

Primary Features

County: San Diego
Property Type: Commercial-Residential Income

Interior

Cooling: Central Forced Air Gas
Floor Covering: Vinyl
Heating: Central Forced Air Gas
Laundry: Owned
Number of Stories: 3
SqFt of Improvement: 22790
SqFt Source: Buyer to Verify, Plans
Stories: 3 Story, 4 Story
Unit Type: Apartment, Condo, Townhouse

External

Construction: Stone, Stucco
Entry Only: No
Number of Buildings: 2
Number of Units: 14
Number of Units (1): 14
Number of Units w/Disposals: 14
Number of Units w/Drapes: 14
Number of Units w/Garage: 14
Number of Units w/Ranges: 14
Number of Units w/Refrigerator: 14
Number Units w/Dishwashers: 14
Parking: Garages
Parking Spaces Total: 14
Roof: Other/Remarks

Location

Country: United States
Market Area: Coastal South
Zip/Area: PACIFIC BEACH (92109)

Additional

Age: 2022
Class: COMMERCIAL-RES INCOME
Have: 14 NEW 2BD/2.5BA w/ Map
Mandatory Remarks: None Known
Special: Sellers Are RE Licensees

Financial

Cap Rate Projected: 3.43
Number of Leased Apartments: 2
Price/Unit: 1035714
Projected Gross Multiplier: 19
Projected Gross Scheduled Income: 756,270
Projected Net Income: 497,525
Sale/Rent: For Sale
Sales Restrictions: N/K
Tenant Pays Electric: Y
Tenant Pays Gas: Y
Tenant Pays Water: Y
Terms: Cash, Cash to New Loan, Exchange Up, Other/Remarks

Zoning Info


Area Info


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Listing courtesy of Compass

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