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$4,030,000
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Property Description
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 Diego's most desirable beach communities. See attached Memorandum in Documents.
Full Property Details
Full Property Details for 835 Thomas Ave
General
- Sold For: $4,030,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PTP2504300
- Added to Site: 234 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area, Community
Additional Information
- Pool Description: None
Location
- Area: 92109 - Pacific Beach
- County: San Diego
- Development Name: 92109 - Pacific Beach
- Driving Directions: GPS
Utilities
- # Water Meters: 1
- # Gas Meters: 1
- # Electric Meters: 11
Structural Information
- Entry Location: Ground level and second level
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 6,050
- Year Built: 1960
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
Unit 4
- Total Bathrooms: 1
Unit 5
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Total Bathrooms: 1
Unit 7
- Number of Units: 1
- Total Bathrooms: 1
Unit 8
- Number of Units: 1
- Total Bathrooms: 1
Unit 9
- Number of Units: 1
- Total Bathrooms: 1
Unit 10
- Total Bathrooms: 2
Unit 11
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.14
- Lot Size Source: Assessor
- Zoning: R-3:RESTRICTED MULTIPLE
- Lot Description: 11-15 Units/Acre, Level with Street, Near Public Transit
Financial Considerations
- Price Per Sq. Ft.: $666.12
- Price Per Unit: 363636
Listed by Realty Executives Dillon, Mike Aon
Sold by John M. Gerro, John Gerro
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Schools
Schools serving 835 Thomas Ave
School District:San Diego City Unified School District
| Name | Grades | Distance |
|---|---|---|
Crown Point Jr Music Academy 4033 Ingraham Street, San Diego, CA 92109 | K-5 | 0.8 mi |
Pacific Beach Middle School 4676 Ingraham Street, San Diego, CA 92109 | 6-8 | 0.9 mi |
Mission Bay High School 2475 Grand Avenue, San Diego, CA 92109 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 835 Thomas Ave
Date
Details
Price
Change
Source
7/18/2025
Sold
$4,030,000
0.75%
MLS
6/10/2025
Listed
$4,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
835 Thomas Avenue, San Diego, CA 92109 (MLS# PTP2504300) is a Multi-Family property that was sold at $4,030,000 on July 18, 2025. Want to learn more about 835 Thomas Avenue? Do you have questions about finding other Multi-Family real estate for sale in San Diego? You can browse all San Diego real estate or contact a Coldwell Banker agent to request more information.

