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2121 Thomas Ave
Coastal South San Diego 92109

$7,750,000 /775000.0
Com-Res Income

Main Photo: Property for sale: 2121 Thomas Ave in San Diego
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Status:
Active
Prop. Type:
Com-Res Income
MLS® Num:
220021477
Welcome to Board House Villas. Situated in the sought-after beach community of Pacific Beach in San Diego, this highly renovated luxury beach complex consists of 10 meticulously renovated units. Originally constructed in 1970, this property has undergone an extensive modernization in 2022! The renovation to the building includes new windows, new roof, new concrete courtyard, fencing, and lighting. The sizzle comes with the 5 private roof top decks that were added with endless views of the bay! The interior work is next level with recessed lighting in the living rooms and kitchens, Full Size LG front load washers and dryers and mini-split air conditioning are in each unit, brand-new stainless-steel appliances, custom quartz countertops, custom kitchen cabinets, designer backsplashes and floating shelves. The flooring in the units is durable, 20 mil luxury vinyl plank. 1st floor units have custom roll-up doors that open to spacious patios! This property commanded some of the highest rents in Pacific Beach. All the Major systems were replaced and went through the rigorous City of San Diego Inspection and permit process.
Price Per Unit:
775000.0
Lot Size:
6,534 sq. ft.
County:
San Diego
Market Area:
Coastal South
Number of Buildings:
1
Number of Units:
10
Num Stories:
2
Cap Rate.:
3.58
Gross Multiplier:
18.94
Gross scheduled income:
409200.0
Operating expense:
131464
Projected Cap Rate.:
4.08
Projected Gross Multiplier:
17.22
Gross equity:
775000
Motive / Want:
To Sell
GPS!
Listing Type:
Exclusive Agency (A)
Cooling:
Central Forced Air Elec
Heating:
Central Forced Air Elec
Parcel Number:
424-202-04
Number of Units in Unit 1:
3
Bedrooms for Unit 1:
2
Bathroom 1:
1.0
Number of Units in Unit 2:
5
Bedrooms for Unit 2:
1
Bathroom 2:
1.0
Number of Units in Unit 3:
2
Bedrooms for Unit 3:
0
Bathroom 3:
1.0
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Listed by Douglas Elliman of California and Marcus & Millichap
Data was last updated September 30, 2022 at 01:10 PM (UTC)
Area Statistics
Listings on market:
46
Avg list price:
$3,097,500
Min list price:
$598,000
Max list price:
$17,000,000
Avg days on market:
65
Min days on market:
2
Max days on market:
912
Avg price per sq.ft.:
$431.62
These statistics are generated based on the current listing's property type and located in San Diego. Average values are derived using median calculations.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego Multiple Listing Service, Inc.