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Listed by Mike J Aon • Realty Executives Dillon
$ 4,000,000
Est. payment /mo
New
835 Thomas Avenue San Diego, CA 92109
6,050 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,050 sqft
Price per Sqft $661
MLS Listing ID 8P-2504300
Year Built 1960
Lot Size 6,098 Sqft
Property Description
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(R) 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.
Location
State CA
County San Diego
Area 92109 - Pacific Beach
Zoning R-3:RESTRICTED MULTIPLE
Interior
Laundry Common Area, Community
Exterior
Parking Features Gated
Pool None
Community Features Sidewalks, Street Lights
View Y/N No
Building
Lot Description Level with Street, Near Public Transit, 11-15 Units/Acre
Others
Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2504300