Description

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 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

Features

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• 0.14 Acres
• 2 Stories
• Number of Units: 8
• Price Per Unit: 410000
• SqFt of Improvement: 5194