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.
Sold for $4,030,000 on 07/18/25
Listing Provided by:
Mike Aon DRE #01300658 Mike@theaongroup.com,
Realty Executives Dillon
$4,030,000
835 Thomas Ave, San Diego, CA 92109
4beds
12baths
6,050sqft
Multi Family
Built in 1960
-- sqft lot
$4,029,100 Zestimate®
$666/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 18, 2025 at 05:12pm
Listing Provided by:
Mike Aon DRE #01300658 Mike@theaongroup.com,
Realty Executives Dillon
Bought with:
John Gerro, DRE #00473175
JOHN M. GERRO
Source: CRMLS,MLS#: PTP2504300
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 12
Appliances
- Laundry: Common Area
Features
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 6,050
- Total interior livable area: 6,050 sqft
Property
Features
- Levels: Two
- Stories: 2
- Entry location: Ground level and second level
- Pool features: None
Lot
- Size: 6,098 sqft
- Features: 11-15 Units/Acre, Near Public Transit, Street Level
Details
- Parcel number: 4231220700
- Zoning: R-3:RESTRICTED MULTIPLE
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1960
Community & neighborhood
Community
- Community features: Street Lights, Sidewalks
Location
- Region: San Diego
Other
Other facts
- Listing terms: Cash,Conventional
Services availability
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Estimated market value
$4,029,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$4,029,100