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2121 Thomas Ave

San Diego, CA 92109
  • $7,600,000
  • STATUS: ACTIVE
  • ON SITE: 111 Days
  • ID#: 220021477
UPDATED: 51 min ago
$7,600,000
  • 3
    BEDS
  • 0.15
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

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.

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San Diego MLS logo 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 MLS. 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 MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/132267880
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2121 Thomas Ave San Diego, CA 92109

  • Price: $7,600,000
  • Status: ACTIVE
  • On Site: 111 Days
  • Updated: 51 min ago
  • ID#: 220021477
3
Beds
3
Baths
0
½ Baths
0.15
Acres
Neighborhood:
Pacific Beach (92109)
County:
San Diego
Area:
Pacific Beach (92109)
Property Description
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.
Interior Features

Cooling Central Forced Air Elec Heating Central Forced Air Elec Sq Ft Of Improvement 6609

Property Features

Actual Cap Rate 3.58 Actual Gross Scheduled Income 409200.0 Actual Operating Expense 131464 Assumable Finance 0 Buildings 1 Gross Equity 775000 Gross Multiplier 18.94 Have 10 Units Mandatory Remarks None Known Market Area Coastal South Motive Want To Sell Projected Cap Rate 4.08 Projected Gross Multiplier 17.22 Sq Ft Source Buyer To Verify Unit Number1 3 Unit Number2 5 Unit Number3 2 Unit Rent1 3950 Unit Rent2 3410 Unit Rent3 2650

San Diego MLS logo Listing provided courtesy of Douglas Elliman Of California: [IDXCONTACTINFORMATION]. Listing information © 2022 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 MLS. 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 MLS, Inc. Licensed in the state of California.
 
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The Neuman Team Real Estate Inc.
516 5th Avenue
San Diego CA, 92101