835 Thomas Avenue

San Diego CA 92109

0.14 ac.

Multi-Family

Last sold for $4,030,000

Mike Aon, last sold this property on 18 July 2025 after 37 days on market.

Overview

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 Diegos most desirable beach communities. See attached Memorandum in Documents.

Features

2 bedrooms

4 bathrooms

0.14 ac. lot size

Multi-Family

Estimated Value

Based on this property and similar 2 bedroom multi families sold in San Diego over the last 12 months, the estimated median property value of 835 Thomas Avenue is $1.55m.

Median value

$1.55m

Estimated value range

$970k - $4.03m

Median days on market

Estimated value trend

28%

increase over the last 12 months

Average days on market is based on recent, comparable sales in San Diego. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 835 Thomas Avenue

2025

Sold

$4,030,000

18 Jul 2025 by Mike Aon, of Realty Executives Dillon

Happy sellers in San Diego

We have insufficient information to provide an overview of customer satisfaction for San Diego. Viewing the agent profiles, reviews and sales for San Diego can provide insights for this location.