San Diego, CA 92109 835 Thomas Avenue
$4,000,000
5 more
Presented By: Mike Aon with Realty Executives Dillon; Mike@theaongroup.com
Beds • 2
Baths • 1
SQFT • 6,050
Year Built • 1960
Home Details
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. See attached Memorandum in Documents.
Presented By: Mike Aon with Realty Executives Dillon; Mike@theaongroup.com
Interior Features for 835 Thomas Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 835 Thomas Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.97
Carport Y/NNo
CitySan Diego
Community FeaturesStreetLights, Sidewalks
CountySan Diego
DirectionsGPS
Electric On Property Y/NNo
Entry LocationGround level and second level
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income206040.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense3200.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional
Lot Size Square Feet6098.4
Lot Size UnitsAcres
MLS Area92109 - Pacific Beach
MobileHomeRemainsYNNo
Net Operating Income139150.0
New ConstructionNo
Number Of Units Total11
Number of Units Leased10
Operating Expense77642.0
Pool FeaturesNone
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot262/11, 12
Taxes$13,033
Trash Expense1800.0
Virtual TourClick here
Water Sewer Expense3200.0
Year Built1960
Year Built SourceAssessor
ZoningR-3:RESTRICTED MULTIPLE
Exterior for 835 Thomas Avenue
Building Area Total6050.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesElevenToFifteenUnitsAcre, NearPublicTransit, StreetLevel
Lot Size Acres0.14
Lot Size Area0.14
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters11
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Waterfront Y/NNo
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$4,000,000
MLS#PTP2504300
List Date
06/10/2025
Property Type
Multi-Family
Phone
(562) 537-4182
