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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.
Property Type(s):
Commercial
| Last Updated | 7/24/2025 | Year Built | 0 |
|---|---|---|---|
| Community | 92109 - Pacific Beach | County | San Diego |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | 92109 - Pacific Beach |
| HEAT | None |
| LOT | 0 |
Location
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Listed with Marcus & Millichap
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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