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1951 55 Hornblend St.

San Diego, CA 92109
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Bed 9

Bed

Bath 6

Bath

SqFt6,586

Sqft(Lot)

Pacific Beach 3-unit with garage upside, one block off Garnet Ave. 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. Detached single-level 5BR/2BA front house (~1,150 sf) with fireplace, fenced patio yard and 2-car driveway. Two mirror-image 2-story 2BR/1.5BA townhomes in back (~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: con vert 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,295,000

AD Id : 91701272

MLS Id : 260024308SD

Beds : 9

Lot Size : 6,586 Sq. Ft

Year Built : 1977

County : San Diego

  • Map Map

Map

Feature Features

  • Interior Features

    Roof: Composition
    Appliances: GasWaterHeater
  • Heating & Cooling

    Has Heating: Yes Heating: Combination Cooling: None

  • Building Information

    Year Built: 1977
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 6586 Lot Size Acres: 0.1512 Lot Size Source: Assessor Lot Size Square Feet: 6,586

    Property Information

    Subdivision: Pacific Beach Source Property Type: ResidentialIncome Levels: MultiSplit Property Age: 49

  • Listing Price Information

    Listing Price: $2295000
    Cash, Conventional, VaLoan

  • Tax Information

    Parcel Number: 4240420700

  • Location Information

    Direction: CrossStreet: Lamont
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4104 12 Ingraham St., San Diego, CA, 92109 $2,395,000 8 4 -- 6,053 Sq. Ft
3544 3548 Del Rey Street, San Diego, CA, 92109 $3,500,000 16 13 -- 5,795 Sq. Ft
2720 Figueroa Boulevard, San Diego, CA, 92109 $2,495,000 12 6 -- 4,921 Sq. Ft
3837 Kendall St., San Diego, CA, 92109 $3,000,000 8 4 -- --

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ByOwner last updated this listing 10/08/2026 @ 02:05

MLS: 260024308SD LISTED BY: Monroe Herington, eXp Realty of California Inc 858-258-7383 SOURCE: CRMLS

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