2121 Thomas Ave - Apartments FOR SALE


San Diego, CA 92109
$6,995,000 USD
858-729-3094
2121 Thomas Ave, San Diego, CA for Sale
$6,995,000 USD
Apartments - FOR SALE
1/16
null | 4.11% Cap Rate

2121 Thomas Ave
San Diego, CA 92109


HIGHLIGHTS

  • Seller financing available At 50% Loan To Value
  • 1.2 million in rehab expenditures
  • Phenomenal location
  • Can rent out as short term vacation rentals

OVERVIEW

Seller financing offered at up to 50% loan to value! The Board House Villas, located at 2121 Thomas Avenue, are a luxury ten unit apartment complex in the premier neighborhood of Pacific Beach. The heavily renovated asset comes equipped with a stellar unit mix featuring - two studios (460 sq ft), five (1 bedroom/ 1 bathroom units, 620 sq ft) & three (2 bedroom/ 1 bathroom units, 863 sq ft). In 2022 the complex went through an expensive and thorough renovation. Approximately $1,200,000 was invested into the property to modernize the condition. This includes but is not limited to new quartz counter tops, stainless steel appliances, cabinetry, vanities, custom tile shower enclosures, split heating and air conditioners, luxury vinyl plank flooring, fresh paint inside and outside, new staircases and landings, new roof, waterproof & deck coating, new 400 amp electrical services, 100 amp individual panels in each unit and much more. For a complete list and breakdown of construction summary/ budget, please contact list agent.

FOR SALE DETAILS

PRICE

$6,995,000 USD

PRICE/SF

$1,051 USD /SF

# OF UNITS

10

PRICE/UNIT

$699,500

CAP RATE

4.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R3

APN/PARCEL ID

424-202-04

ASK ABOUT THIS PROPERTY

Cody EvansSouth Coast Commercial, Inc.More Info
858-729-3094

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Cody EvansSouth Coast Commercial, Inc.More Info
858-729-3094

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.