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3-Unit Triplex with Garage
For Sale
$2,295,000

1951 55 Hornblend St., San Diego, CA 92109

A detached house and two rear townhomes are paired with a garage offering two potential expansion concepts.

Property SizeContact for details
Lot Size0.15 Acres
Days on Market8

Property Features for 1951 55 Hornblend St.

General Information

Standard status Active
Total Parking Spaces 4
Lot size 0.15 Acres
Property subtype Investment
Zoning CO-1-2

Financials

Cap Rate 5.9%
Gross Income $192,000

Units

Unit Mix 1 x 5BR/2BA, 2 x 2BR/1.5BA
Multifamily Units 3

Additional Details

Utilities to Site Yes

Amenities

fireplace
fenced patio yard
private patio

Building Details

Year Built 1977
Units 3
Listing Agency: eXp Commercial
Listed By: Monroe Herington · License #01930053
Source: Elliman
Added: Oct 7 Changed: Oct 10 Last Checked: Oct 12 at 6:58PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial

Investment Insights

Based on property information with market context.

The property occupies a 6,586 sf lot and includes a detached, single-level 5BR/2BA house of approximately 1,150 sf, plus two matching two-story 2BR/1.5BA townhomes of approximately 1,000 sf each. The front residence has a fireplace, fenced patio yard and two-car driveway. Each rear unit features an eat-in kitchen, private patio and alley parking space.

An approximately 800 sf garage could be incorporated into the townhomes or converted to a separate 3BR ADU. Both concepts retain all four off-street spaces and require City of San Diego approval. The property was built in 1977 and is zoned CO-1-2.

The site is one block from Garnet Ave, around the corner from Better Buzz Coffee and Garnet dining, approximately 1/3 mi from Trader Joe's and Mission Bay, and about 1.3 mi from Crystal Pier.

Key Highlights

  • Three residences: one 5BR/2BA house and two 2BR/1.5BA townhomes
  • Detached front house is approximately 1,150 sf; each rear townhome is approximately 1,000 sf
  • Approximately 800 sf garage offers townhome expansion or separate 3BR ADU concepts, subject to City approval

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Garden Center HVAC Service Daycare Center (Bike/Boat/Book/etc) Store Catering Service Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,828
Businesses Nearby

Demographics for 92109, CA

44,671
Population
26,503
Households
1.7
Avg Household Size
35
Median Age
70%
College-Educated
97%
High-School Grad
7.6 sq mi
ZIP Area
5,878
Density / Sq Mi
$118,300
Median Household Income
$71,054
Median Earnings
$2,362
Median Rent
$1,136,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - A detached house and two rear townhomes are paired with a garage offering two potential expansion concepts.
Where is this triplex located?
The property is located at 1951 55 Hornblend St. San Diego, CA.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: Three residences: one 5BR/2BA house and two 2BR/1.5BA townhomes; Detached front house is approximately 1,150 sf; each rear townhome is approximately 1,000 sf; Approximately 800 sf garage offers townhome expansion or separate 3BR ADU concepts, subject to City approval
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