1574-1576 Hornblend St - Storefront Retail/Residential FOR SALE


San Diego, CA 92109
$2,999,999 USD
714-392-6380
1574-1576 Hornblend St, San Diego, CA for Sale
$2,999,999 USD
Storefront Retail/Residential - FOR SALE
1/12
null | 4.97% Cap Rate

1574-1576 Hornblend St
San Diego, CA 92109


HIGHLIGHTS

  • Heavy Foot Traffic
  • Mixed Use - Two apartments/four retail
  • Four Ground Floor Retail Units

OVERVIEW

Property Overview: Discover a fantastic investment opportunity with this prime mixed-use property located at the bustling intersection of Ingraham St and Hornblende St in Pacific Beach. This property features two spacious apartments on the upper level and four versatile retail spaces on the ground floor. With all rents currently below market rate, there is significant potential for rent improvements and increased revenue. Property Highlights: • Mixed-Use Configuration: Two apartments on top, four retail spaces below • Location: Situated at the corner of Ingraham St and Hornblende St, offering excellent visibility • Proximity: Approximately one mile from the iconic Pacific Beach Pier • Potential: Below-market rents provide ample opportunity for rent adjustments and enhanced returns • Visibility: High-traffic area ensures great exposure for retail tenants Residential Units: • Two well-maintained apartments - 1 Bed/1 Bath apartments • One vacant and fully remodeled • Strong rental demand in this sought-after area Retail Spaces: • Four ground-floor retail units • Suitable for a variety of businesses • Excellent foot traffic and visibility Investment Potential: This property represents a rare chance to acquire a mixed-use asset in one of San Diego’s most desirable neighborhoods. The potential for rent improvements offers a clear path to increased cash flow and property value. Neighborhood: Pacific Beach is known for its vibrant community, beautiful beaches, and bustling commercial corridors. With its prime location, 4468 Ingraham St is perfectly positioned to benefit from the area’s growth and ongoing demand for residential and retail spaces.

FOR SALE DETAILS

PRICE

$2,999,999 USD

PRICE/SF

$813 USD /SF

CAP RATE

4.97%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,374 SF

ZONING

CC-4-2

APN/PARCEL ID

423-093-09

ASK ABOUT THIS PROPERTY

Erik RansdellStrands Realty GroupMore Info
714-392-6380

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Erik RansdellStrands Realty GroupMore Info
714-392-6380

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.