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$6,350,000
Est. payment /mo
5 Beds
5 Baths
6,769 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 6,769 sqft
Price per Sqft $938
MLS Listing ID 250034354
Bedrooms 5
Property Sub-Type Com-Res Income
Property Description
The Surf House at 1478 Hornblend Avenue, a fully rebuilt and modernized 10-unit apartment community in the heart of Pacific Beach, San Diego. Offered at $6,350,000, the property operates at a 4.73% cap rate and a 14.93 GRM—a rare combination of strong returns and turnkey quality in one of Southern California's most supply-constrained coastal markets. Completed in June 2024, the building underwent a full down-to- the-studs renovation, including all-new systems: 600-amp elec- trical (100-amp per unit), new plumbing, central water heater, and a 2024 fire sprinkler system. Structural upgrades include a new foundation, roofing, stucco, windows, gutters, and steel staircases. Interiors were finished with quartz countertops, custom cabinetry, stainless steel appliances, designer tile, luxury vinyl plank flooring, in-unit laundry, and split HVAC systems. Each unit also features pri- vate outdoor space—exclusive yards or roof decks with panoramic ocean and bay views. All construction was completed with 100% City of San Diego per- mits and built to current code—a major differentiator in the coast- al market. Located just six blocks from the beach and steps from Garnet Avenue, The Surf House offers a 96 Walk Score and long- term rent growth potential, supported by strict coastal zoning and limited new apartment development in Pacific Beach.
Location
State CA
County San Diego
Area Coastal South
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Others
Tax ID 423-092-10-00
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Listed by Aaron Bove Marcus & Millichap