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  • MLS#: OC25236390 ( Apartment )
  • Street Address: 1478 Hornblend Street
  • Viewed: 6
  • Price: $6,350,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1969
  • Bldg sqft: 0
  • Days On Market: 42
  • Additional Information
  • County: SAN DIEGO
  • City: San Diego
  • Zipcode: 92109
  • Subdivision: San Diego
  • Provided by: Mogharebi - Ozen Company
  • Contact: John Francis John Francis
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    The Surf House is a trophy quality 10 unit luxury apartment community ideally located at 1478 Hornblend Avenue in the heart of Pacific Beach, San Diego. This exceptional offering represents a rare opportunity to acquire a fully rebuilt, turnkey coastal asset in one of Southern Californias most supply constrained and sought after rental submarkets. Completed in June 2024, The Surf House underwent a comprehensive stripped down to the studs redevelopment under full City of San Diego permits, bringing the property to modern building code standards and ensuring long term structural and operational durability. Major upgrades include a new 600 amp electrical system (100 amps per unit), all new plumbing, a centralized hot water system, fire sprinklers, foundation, new roof, windows, smooth finish stucco, custom gutters, and architectural steel staircases. Interiors of each residence feature premium designer level finishes, such as quartz countertops, custom style cabinetry, designer tile, high end stainless steel appliances, luxury vinyl plank flooring, in unit washer and dryer, and individual split HVAC systems. Every unit has been meticulously designed to complement a modern coastal lifestyle, offering private outdoor living areasincluding exclusive patios or expansive roof deckswith many units capturing panoramic ocean and bay views. Centrally located just six blocks from the shoreline and steps from Garnet Avenues vibrant dining, retail, and entertainment corridor, The Surf House boasts a Walk Score of 96, driving strong resident demand and premium rents. With strict coastal zoning and limited new multifamily development, The Surf House stands out as a fully modernized, code compliant asset in a high barrier submarket, offering investors a rare combination of stability, long term growth potential, and irreplaceable coastal location.
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Features
Building Area Total
  1. 6860.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 3600.00
Entry Location
  1. Front
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 5324.00
Laundry Features
  1. Inside
Levels
  1. Two
Lockboxtype
  1. Call Listing Office
Lot Features
  1. 6-10 Units/Acre
Netoperatingincome
  1. 296569.00
Newtaxesexpense
  1. 77981.00
Number Of Separate Electric Meters
  1. 10
Number Of Separate Water Meters
  1. 10
Number Wallac
  1. 10
Number With Dishwasher
  1. 10
Number With Disposal
  1. 10
Number Wit Hrefrigerator
  1. 10
Otherexpense
  1. 31185.00
Otherexpensedescription
  1. Misc.
Otherincome1
  1. 10802.00
Otherincomedescription
  1. RUBS Income
Parcel Number
  1. 4230921000
Parking Features
  1. Assigned
Pool Features
  1. None
Professionalmanagementexpense
  1. 19032.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 448881702:CRM
Subdivision Name Other
  1. San Diego
Taxblock
  1. 219
Tenant Pays
  1. Electricity
  2. Gas
  3. Parking Fee
Totalactualrent
  1. 36680.00
Totalexpenses
  1. 126369.00
Trash Expense
  1. 3279.00
Water Sewer Expense
  1. 5000.00
Water Source
  1. Public
Year Built
  1. 1969
Year Built Source
  1. Assessor
Zoning
  1. RM-2-5