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2162 Thomas, San Diego, CA 92109

Commercial property

2162 Thomas, San Diego, CA 92109 Sold October 2025 CRMLS
$2,925,000Sold October 2025

Listing Agent: Dylan Wright (DRE #01411216) · Listing Office: MD Real Estate, Inc · Contact: 619-255-3233 · Bought with: Conor Brennan · Marcus & Millichap · MLS #250034646SD · Source: CRMLS

8
Units
2.66%
Cap Rate
$78,400
NOI
6,237 sqft
Lot Size
Commercial property
Type

How this sale compares

2162 Thomas sold for $2,925,000 in October 2025, 0.8% under its $2,950,000 list price, after 7 days on the market.

7
Days on market
−0.8%
Sold vs. list price

Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.

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. Most unit interiors have been upgraded with newer flooring and refreshed kitchens and bathrooms. 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.

Listing description from the October 2025 sale, as reported to CRMLS.

Sale history

$2,925,000
Sold October 2025 · listed $2,950,000, on market July 2025, 7 days on market · MLS #250034646SD · Source: CRMLS
Listing Agent: Dylan Wright · Listing Office: MD Real Estate, Inc · Contact: 619-255-3233 · Bought with: Conor Brennan · Marcus & Millichap
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