Pleased to present for sale an 8-unit value add apartment complex in the Pacific Beach neighborhood of San Diego. Constructed in 1969, this property rests on a 6,240 SF lot and offers 5,120 of rentable SF. 1478 Hornblend St is comprised of (3) 2-bedroom/1-bathroom units and (5) 1-bedroom/1-bathroom units. In addition, this property has two double garages facing the alley that may have potential to be converted into two ADU studio units. One of the unit’s interiors has been recently renovated and the other seven lightly renovated within the last few months. The property is fully furnished and currently rented as short-term vacation rentals. Investors may continue to operate as is, rent as monthly rentals, or further renovate the property to increase rents. 4% cap rate is a projection if rented on long term leases in the current building condition. Pacific Beach is one of San Diego’s most profitable rental markets which continues to attract high quality and reliable tenants. Located between the neighborhood’s two main streets, Grand Ave and Garnet Ave with a walk score of 96, this property is perfectly situated within a short walk to Pacific Beach’s top bars, restaurants, shops, and attractions. 1478 Hornblend St is very rare opportunity to acquire a value-add asset in one of Southern California’s most desirable coastal markets.