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2176 Thomas Ave.

Pacific Beach, CA 92109
  • $2,100,000
  • STATUS: Pending
  • ON SITE: 15 Days
  • ID#: 230022347SD
Pending
UPDATED: 65 min ago
$2,100,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing Agent(s): Matt Robinson of Md Real Estate, Inc (619-255-3233) and Dylan Wright of Md Real Estate, Inc(619-255-3233)


Description

The Thomas Avenue Apartment Homes is a 6 unit property located in the Crown Point submarket of Pacific Beach, CA. Pacific Beach is considered one of the strongest rental markets in San Diego County, with great demand for apartment rentals. Historical occupancy in this sub-market is estimated to be approximately 97% - 100% and rental rates continue to rise. This vibrant and centrally located beach community offers excellent access to Interstate 5 and Interstate 8 freeways, which connect to every major employment center in the greater San Diego area. The subject property was built in 1956 and is comprised of six studio units with approximate square footages ranging from 300 sq. ft to 400 sq. ft. Four of the six units have been completely remodeled within the last several years. Improvements include but are not limited to new kitchens, new bathrooms, new vinyl plank flooring, and addition of private patios. The property also has on site laundry with owned equipment and several common area outdoor spaces. The owner is a CA licensed real estate broker.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-11-29T22:29:42.277. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.
www.nelsonteamrealestate.com/homes/145238009
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2176 Thomas Ave. Pacific Beach, CA 92109

  • Price: $2,100,000
  • Status: Pending
  • On Site: 15 Days
  • Updated: 65 min ago
  • ID#: 230022347SD
0
Beds
0
Baths
0
½ Baths
0.07
Acres
Neighborhood:
92109 - Pacific Beach
County:
San Diego
Area:
92109 - Pacific Beach
Property Description
The Thomas Avenue Apartment Homes is a 6 unit property located in the Crown Point submarket of Pacific Beach, CA. Pacific Beach is considered one of the strongest rental markets in San Diego County, with great demand for apartment rentals. Historical occupancy in this sub-market is estimated to be approximately 97% - 100% and rental rates continue to rise. This vibrant and centrally located beach community offers excellent access to Interstate 5 and Interstate 8 freeways, which connect to every major employment center in the greater San Diego area. The subject property was built in 1956 and is comprised of six studio units with approximate square footages ranging from 300 sq. ft to 400 sq. ft. Four of the six units have been completely remodeled within the last several years. Improvements include but are not limited to new kitchens, new bathrooms, new vinyl plank flooring, and addition of private patios. The property also has on site laundry with owned equipment and several common area outdoor spaces. The owner is a CA licensed real estate broker.
Exterior Features

Construction Materials BrickFramePlasterStucco Parking Total 0 Roof Composition

Interior Features

Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Cap Rate 3.8 Gross Scheduled Income 129510 Listing Agreement Exclusive Right To Sell Net Operating Income 79833 Operating Expense 49956 Property Sub Type Mixed Use Zoning R-3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-11-29T22:29:42.277. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.
 
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The Nelson Team | American Home Realty
10 Via Del Tesoro
San Clemente CA, 92673
Listing Agent(s): Matt Robinson of Md Real Estate, Inc (619-255-3233) and Dylan Wright of Md Real Estate, Inc(619-255-3233)