1951 55 Hornblend St., San Diego, CA 92109

Property Description

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 Status:

Active

Date Added:

October 7, 2026

Data Last Updated:

October 8, 2026 at 9:16PM

Listing Office:

eXp Realty of California Inc : 858-258-7383

Listing Agent:

Monroe Herington : 619-929-6546

MLS ID:

260024308SD

Interior

• Appliances: Gas Water Heater
• A/C: None
• Heating: Combination

Exterior

• General: None
• Pool: None
• Parking: Parking spaces: 0

Construction

• Roofing: Composition
• General: Multi/Split

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_SAND
• County: San Diego

Lot

• Zoning: R34240420700
• Fencing: Partial

Financial

• Source: CRMLS_SAND