$2,499,000
$201K PRICE DROP

1951 Hornblend St Unit 55 San Diego, CA 92109

Pacific Beach Neighborhood

Estimated payment $15,814/month

Total Views 9,950
7 Beds
6 Baths
3,200 Sq Ft
$781 Price per Sq Ft

About This Home

Great opportunity to buy a stabilized asset with 3 units remodeled. New owner can convert the garages to 2 additional 450SF studio ADU's or one big 2 bed 1 bath ADU by right increasing income. With 30 foot height limit in coastal pacific beach the rental market remains strong. Blocks away from Better Buzz, Trader Joes, Jersey Mikes, Vons and close enough to bay and ocean but far enough to avoiding parking issues closer to the water. Also has 4 uncovered parking spots and 4 covered spots.Signed leases starting August 1 2025 for $15,000/month. New owner can Airbnb (back units 2 bed 1.5 baths) all summer(until July 31 2025) to maximize returns. Text listing agent to walk the property.

Listing Agent

Chris J. Luna

Backyard Brokerage Inc. License #02082702 Listed on: 04/23/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Gated Home

Listing and Financial Details

  • Assessor Parcel Number 4240420700

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Pacific Beach Community

Building Details

  • Net Operating Income $131,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: lamont
  • Neighborhood: pacific beach
  • Stories: 2 Story
  • Total Stories: 2
  • Year Built: 1977
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Gate
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: pacific beach
  • Community: PACIFIC BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 4240420700

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 131400
  • Annual Expense Actual: 48600
  • Gross Sched Income Actual: 15000
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Garage: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 Price Changed $2,499,000 -5.7% $781 / Sq Ft
06/28/2025 06/28/25 Price Changed $2,650,000 -1.9% $828 / Sq Ft
04/23/2025 04/23/25 For Sale $2,700,000 -- $844 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250025208

San Diego MLS

APN: 424-042-07-00

California San Diego County San Diego 92109 Pacific Beach

1951 Hornblend St Unit 55, San Diego, CA

This home is located at 1951 Hornblend St Unit 55, San Diego, CA 92109 and is currently priced at $2,499,000, approximately $780 per square foot. This property was built in 1977. 1951 Hornblend St Unit 55 is a home located in San Diego County with nearby schools including Sessions Elementary School, Pacific Beach Middle, and Mission Bay High School.

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Chris J. Luna
Listing Agent
Chris J. Luna
Section Image
Backyard Brokerage Inc.
(916) 397-4367