835 Thomas Ave - Apartments FOR SALE


San Diego, CA 92109- Pacific Beach
$4,000,000 USD
835 Thomas Ave, San Diego, CA for Sale
$4,000,000 USD
Apartments - FOR SALE
1/9
null | 3.89% Cap Rate

835 Thomas Ave
San Diego, CA 92109
Pacific Beach


HIGHLIGHTS

  • Easy access to the beach, local retail, restaurants, nightlife, and public transportation.
  • Mix of 2-bedroom, 1-bedroom and studio apartments
  • On-site parking

OVERVIEW

This incredible value-add opportunity in the heart of Pacific Beach is an amazing investment opportunity. This well-maintained 11-unit apartment building offers a mix of 8 studios, 2 one-bedroom units, and 1 two-bedroom unit on a 6,251 square foot R-3 zoned lot. Located just blocks from the beach and Garnet Avenue, the property boasts a Walk Score® of 91 and provides tenants with easy access to restaurants, shops, nightlife, and public transportation. Onsite amenities include 12 surface parking spaces, onsite laundry, and separate electric meters for each unit. The two-bedroom unit is currently vacant, offering immediate upside potential. With strong rental demand and below-market rents, this asset presents an excellent opportunity for investors looking to reposition a coastal multifamily property in one of San Diego’s most desirable beach communities.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$661 USD /SF

# OF UNITS

11

PRICE/UNIT

$363,636

CAP RATE

3.89%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,251 SF

ZONING

R-3

APN/PARCEL ID

423-122-07

ASK ABOUT THIS PROPERTY

Mike AonRealty Executives DillonMore Info

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