835 Thomas Avenue, San Diego, CA 92109

About this commercial property

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.

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

Sale history

$4,030,000

Sold July 2025 · listed $4,000,000, on market May 2025 · MLS #PTP2504358 · Source: CRMLS

Listing Agent: Mike Aon · Listing Office: Realty Executives Dillon · Contact: Mike@theaongroup.com · Bought with: John Gerro · JOHN M. GERRO

$4,030,000

Sold July 2025 · listed $4,000,000, on market May 2025 · MLS #PTP2504300 · Source: CRMLS

Listing Agent: Mike Aon · Listing Office: Realty Executives Dillon · Contact: Mike@theaongroup.com · Bought with: John Gerro · JOHN M. GERRO

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