Keegan Cin | Realtor® | License # DRE 01971604

Property

San Diego, CA 92109 835 Thomas Avenue

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Presented By: Mike Aon with Realty Executives Dillon; Mike@theaongroup.com
  • MLS# PTP2504358
  • 06/11/2025
  • Request Tour
  • Request Info
  • 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
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
CountySan Diego
DirectionsGPS
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense3200.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional
MLS Area92109 - Pacific Beach
MobileHomeRemainsYNNo
Net Operating Income139150.0
New ConstructionNo
Number Of Units Total11
Open Parking Spaces12.0
Operating Expense77642.0
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Trash Expense1800.0
Virtual TourClick here
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 Area0.14
Lot Size SourceAppraiser
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking12.0
Waterfront Y/NNo

Additional Details

Price History

Justin Hughey

Price $4,000,000
MLS#PTP2504358
List Date 06/11/2025
Property Type Commercial
Request Tour
Request Info

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