The Thomas Avenue Apartment Homes is a well-maintained 8-unit community in the highly sought-after Pacific Beach rental market. Situated on a 6,237-square-foot lot, the property features seven spacious 1-bedroom/1-bath units and one 2-bedroom/1-bath unit. Residents enjoy a peaceful, well-kept courtyard, five on-site parking spaces, and a convenient on-site laundry facility… Read More with leased equipment. Upstairs units boast charming exposed beam ceilings, while the entire property benefits from newer dual-pane vinyl windows and a pitched roof. With its prime location just minutes from the beach, vibrant dining, shopping, and outdoor recreation, The Thomas Avenue Apartment Homes offer an attractive lifestyle for tenants seeking a balance of coastal living and urban convenience. The property has been well maintained over the years, yet a strategic value-add opportunity exists to modernize the interiors and further enhance rental income. Pacific Beach remains one of San Diego’s most resilient and desirable rental markets, consistently commanding top market rents and demonstrating strong equity growth in all economic cycles. Whether for long-term hold or repositioning, this property presents an exceptional investment opportunity in a high-demand neighborhood Read Less
Property listed by MD Real Estate, Inc, Dylan Wright 619-255-3233
Listing Snapshot
Days Online
74
Last Updated
Property Type
Mixed Use
Lot Size
0.14 Acres
MLS Number
250020510SD
30 Days Snapshot Of 92109
$1.79M
0%
(avg) sold price
29
+16%
homes sold
54
-29%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1 building
Expenses
Insurance expense: $5,600, Maintenance expense: $8,000, Operating expense: $77,318, Trash expense: $4,800, Water sewer expense: $5,760, Other expense: $1,000
Income
Net operating income: $74,347
Lot
0.1432 acres, 6,237 square feet, Size: 6,237
Parking
5 totals parking
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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