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  • 1951-55 Hornblend St.

1951-55 Hornblend St., San Diego, CA 92109

$2,295,000 Approx. USD 9 beds, 6 baths

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
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Tustin 18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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Listing Agent


Monroe Herington
Lic#: 01930053
Broker: Courtesy of eXp Realty of California, Inc.
Phone: 619-929-6546

Agent Remarks

Detached single-level 5BR/2BA house plus two townhomes, one block off Garnet Ave in Pacific Beach. Live in the front house and rent the back, or hold all three. 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. The front house (~1,150 sf) has a fireplace, fenced patio yard and 2-car driveway. In back, two mirror-image 2-story 2BR/1.5BA townhomes (~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: convert 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.

Listing Details

Property type: Res Income 2-4 Units (Multi-Family)
Status: ACTIVE
MLS# 260024308
Price: $2,295,000
HOA Fee is $0.00
Beds: 9
Baths: 6 (4 full) (2 half)
Built in 1977
0.00 acres
Subdivision: PACIFIC BEACH
County: San Diego
Zoning: R3
Construction: Stucco
Heating description: Fireplace
MLS area: Coastal South
Pets Allowed: Yes

Last Updated: 11/6/2026

 Days On Market (DOM): 37

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This listing belongs to the Coastal South MLS area

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Lat/Long: 32.800141, -117.233853.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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