Rare opportunity to acquire a renovated four-unit apartment community in Pacific Beach, one of Southern California's highest-demand coastal rental markets. Located just blocks from the bay, the beach and the area's premier retail and dining corridor, the property benefits from exceptional tenant demand, historically low vacancy, and strong long-term rental growth. Unlike most apartment properties in the area, all four units are spacious 3-bedroom, 2-bath floor plans that consistently command premium rents. Significant capital improvements include modern kitchens, quartz and granite countertops, stainless steel appliances, luxury plank flooring and updated bathrooms. A Walk Score of 97 further enhances tenant appeal and long-term investment performance. This is a TRUE CASH COW!
For sale
Price cut: $439.4K (7/31)
$3,555,555
1522-24 Hornblend St, San Diego, CA 92109
12beds
--sqft
:
Get pre-qualified$23,626/mo
Multi Family
Built in 1989
-- sqft lot
$3,473,700 Zestimate®
$--/sqft
$-- HOA
What's special
Quartz and granite countertopsLuxury plank flooringModern kitchensStainless steel appliancesUpdated bathrooms
- 33 days |
- 258 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Corey Wyatt DRE #01483827 619-200-3236,
Compass
Source: SDMLS,MLS#: 260016799
Originating MLS: SDMLS
Originating MLS: SDMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Wall/Gravity
Cooling
- N/K
Interior area
- Total structure area: 4,000
Video & virtual tour
Property
Features
- Levels: 2 Story
- Fencing: Full
Lot
- Size: 6,098 Square Feet
Details
- Parcel number: 4230931500
- Zoning: R-3:RESTRI
- Zoning description: R-3:RESTRI
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Composition
Condition
- Year built: 1989
Community & HOA
Community
- Security: Other/Remarks
- Subdivision: PACIFIC BEACH
Location
- Region: San Diego
Financial & listing details
- Tax assessed value: $1,252,622
- Annual tax amount: $16,246
- Date on market: 7/9/2026
- Listing terms: Cash,Conventional
- Tenant pays: Cable TV, Electricity, Gas/Propane
Estimated market value
$3,473,700
$3.30M - $3.65M
$4,755/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2026 | Price change | $3,555,555-11% |
Source:  SDMLS #260016799 Report a problem | ||
| 7/9/2026 | Listed for sale | $3,995,000+390.2% |
Source: SDMLS #260016799 Report a problem | ||
| 6/8/2000 | Sold | $815,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,246 +7.4% | $1,252,622 +2% |
| 2024 | $15,128 +2.3% | $1,228,062 +2% |
| 2023 | $14,794 +2.7% | $1,203,983 +2% |
| 2022 | $14,400 +0.7% | $1,180,376 +2% |
| 2021 | $14,302 +1.2% | $1,157,232 +1% |
| 2020 | $14,128 +2.1% | $1,145,367 +2% |
| 2019 | $13,834 +6.6% | $1,122,910 +2% |
| 2018 | $12,973 +2.4% | $1,100,894 +2% |
| 2017 | $12,664 +1.6% | $1,079,309 +2% |
| 2016 | $12,461 +1.5% | $1,058,147 +1.5% |
| 2015 | $12,277 +1.6% | $1,042,253 +2% |
| 2014 | $12,084 | $1,021,838 +0.5% |
| 2013 | -- | $1,017,221 +2% |
| 2012 | -- | $997,277 +2% |
| 2011 | -- | $977,723 +0.8% |
| 2010 | -- | $970,417 -0.2% |
| 2009 | -- | $972,724 +2% |
| 2008 | -- | $953,652 +2% |
| 2007 | -- | $934,954 +2% |
| 2006 | -- | $916,623 +2% |
| 2005 | -- | $898,651 +2% |
| 2004 | -- | $881,031 +1.9% |
| 2003 | -- | $864,884 +2% |
| 2002 | -- | $847,926 +2% |
| 2001 | -- | $831,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Pacific Beach
Nearby schools
GreatSchools rating
- 6/10Pacific Beach Elementary SchoolGrades: K-5Distance: 0.9 mi
- 10/10Pacific Beach Middle SchoolGrades: 6-8Distance: 0.2 mi
- 9/10Mission Bay High SchoolGrades: 9-12Distance: 1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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