We are pleased to present Thomson Five, a newly constructed, fully stabilized 5-unit multifamily asset in the supply-constrained Linda Vista submarket of central San Diego. Completed in 2024 and delivered fully leased, the Property offers brand-new construction, a premium large-format unit mix, and immediate income.
The Property features two 3-bedroom/3-bathroom townhome-style units at 1,200 SF with private balconies and sweeping canyon and ocean views, two 2-bedroom/1-bathroom units at 750 SF, and a detached private studio at 254 SF All residences include quartz waterfall countertops, stainless steel appliances, in-unit washer/dryer, split-system HVAC, and private outdoor space. The 3-bed units also feature 12 solar panels, offsetting tenant utility expenses.
As a newly constructed asset, 6728 Thomson Court is exempt from California's AB 1482 rent control provisions for 15 years from completion, providing exceptional flexibility for future rent growth.
Current gross income totals $16,075/month ($192,900 annualized), with a pro forma of $16,600/month ($200,400 annualized) at market rents. Offered at $2,550,000, which is a 5.26% current cap rate (5.54% pro forma), $510,000/unit, and $614/SF. Contact listing broker for OM and financials.