NOT LISTED FOR SALE
-- Bed
6 Baths
1,940 Sq Ft
3,119 Sq Ft Lot

Sale Details

Date Sold: January 16, 2024

Last sale price $2,050,000 $1,057 Per Sq Ft

2 Days on Market

About This Home

As of January 2024

The Thomas Avenue Apartment Homes is a 6 unit property located in the Crown Point submarket of Pacific Beach, CA. Pacific Beach is considered one of the strongest rental markets in San Diego County, with great demand for apartment rentals. Historical occupancy in this sub-market is estimated to be approximately 97% - 100% and rental rates continue to rise. This vibrant and centrally located beach community offers excellent access to Interstate 5 and Interstate 8 freeways, which connect to every major employment center in the greater San Diego area. The subject property was built in 1956 and is comprised of six studio units with approximate square footages ranging from 300 sq. ft to 400 sq. ft. Four of the six units have been completely remodeled within the last several years. Improvements include but are not limited to new kitchens, new bathrooms, new vinyl plank flooring, and addition of private patios. The property also has on site laundry with owned equipment and several common area outdoor spaces. The owner is a CA licensed real estate broker.

Last Agent to Sell the Property

Matt Robinson

MD Real Estate, Inc License #01491108 Listed on: 11/13/2023

Co-Listed By

Dylan Wright

MD Real Estate, Inc License #01411216

Last Buyer's Agent

Anna Hom

FOSTER HAMILTON Real Estate Co License #01251506

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Property Details

Home Type

  • Multi-Family

Lot Details

  • 3,119

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,940 Sq Ft Home
  • 2-Story Property

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window

Additional Features

  • 3,119 Sq Ft Lot
  • Number of ADU Units: 1

Community Details

Overview

  • 6 Units

Building Details

  • 6 Leased Units
  • Operating Expense $49,956

Property Details

Home Type

Multi-Family

Lot Details

3,119 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Unit Levels: 2 Story
  • Property Sub Type: Com-Res Income
  • CapRate: 3.8
  • Co List Office Mls Id: 992394
  • Co List Office Mls Id: 992394
  • Living Area: 1940.0
  • Structure Type: Apartment
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-01-31T03:00:18Z
  • FullAddress: 2176 Thomas Ave.
  • NumofLeasedApartments: 6
  • ShortSale: No
  • SDMLS_NumofADUUnits: 1.0
  • Special Features: VirtualTour

Interior Features

  • Flooring: Slab

Exterior Features

  • Roof: Composition
  • Construction Type: Brick, Frame, Lath/Plaster, Stucco

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: None
  • Heating: Wall
  • Laundry Features: Owned

Lot Info

  • Zoning: R-3
  • Lot Size Sq Ft: 3119.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 6
  • Annual Operating Expense: 49956.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 25, 2025
Sold by
Bought by

Purchase Details

Closed on
Aug 11, 2024
Sold by
Bought by

Purchase Details

Closed on
May 24, 2024
Sold by
Bought by

Purchase Details

Listed on
Nov 13, 2023
Closed on
Dec 15, 2023
Sold by
Bought by
Seller's Agent
Matt Robinson
MD Real Estate, Inc
Buyer's Agent
Anna Hom
FOSTER HAMILTON Real Estate Co
List Price
$2,100,000
Sold Price
$2,050,000
Premium/Discount to List
-$50,000
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$915,000
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$915,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 10, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$915,000
Interest Rate
3.6%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Pacific Beach, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
-- None Listed On Document
$2,050,000 Fidelity National Title
-- Chicago Title Company
$1,182,500 Corinthian Title Ins Co
-- Corinthian Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $500,000
Previous Owner $915,000
Previous Owner $915,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/16/2024 01/16/24 Sold $2,050,000 -2.4% $1,057 / Sq Ft
11/17/2023 11/17/23 Pending -- -- --
11/14/2023 11/14/23 For Sale $2,100,000 -- $1,082 / Sq Ft
Source: San Diego MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $16,092 $2,132,820 $1,883,124 $249,696
2025 $16,092 $1,281,850 $1,127,379 $154,471
2024 $15,483 $1,256,717 $1,105,274 $151,443
2023 $15,140 $1,232,076 $1,083,602 $148,474
2022 $14,737 $1,207,918 $1,062,355 $145,563
2021 $14,637 $1,184,234 $1,041,525 $142,709
2020 $14,587 $1,182,500 $1,040,000 $142,500
2019 $17,009 $1,377,000 $1,224,000 $153,000
2018 $15,901 $1,350,000 $1,200,000 $150,000
2017 $80 $114,015 $42,175 $71,840
2016 $1,349 $111,781 $41,349 $70,432
2015 $1,330 $110,103 $40,728 $69,375
2014 $1,311 $107,948 $39,931 $68,017
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230022347

San Diego MLS

APN: 424-201-13-00

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