NOT LISTED FOR SALE

961 Thomas Ave San Diego, CA 92109

Pacific Beach Neighborhood
9 Beds
7 Baths
-- Sq Ft
6,247 Sq Ft Lot

Last Sold August 20, 2021

Last sale price $2,850,000

7 Days on Market

Highlights

  • Fireplace
  • Laundry Facilities
  • Satellite Dish
  • Crown Point Junior Music Academy Rated A-
  • Gated Home
  • Level Lot

About This Home

As of August 2021

New updated MLS information. Location! Location! Location! Please do NOT go on property! Trophy property for those who want turnkey, yet desire value-add opportunities. Higher rents can be had without further upgrades. Tenants will pay a premium to be less than 3 blocks to the Ocean, 4 blocks to Sail Bay, 3 blocks to Garnet and the best that Pacific Beach has to offer! You will ALWAYS be rented at this stellar location! All units upgraded with granite and more! Older 3BR 2BA house plus 3 FURNISHED apartments built in 1990. Two 2BR 2BA. One 2BR 1BA. One of the best properties in PB, and FABULOUSLY located!! Perfect for owner occupant or discerning investor. Marketing Package attached with more details.

Last Listed By

Joseph Siemienowski

Siemienowski & Associates License #00831832 Listed on: 07/08/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 6,247 Sq Ft Lot
  • Gated Home
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Wired For Data
  • Fireplace

Location

  • West of 5 Freeway

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for sewer, water, cable TV, electricity, gas/propane, hot water
  • Assessor Parcel Number 423-123-09-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Waverly Place Community

Pet Policy

  • Pets Allowed

Additional Features

  • Laundry Facilities
  • Net Operating Income $97,591

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Cass Street
  • Neighborhood: Pacific Beach
  • LP / Sq Ft: 23.37
  • Stories: 2 Story
  • Sale Price List Price: 0.98
  • Total Stories: 2
  • Year Built: 1990
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: No
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Prkng Non Garage Spac U4: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood, Wood/Stucco
  • Fencing: Gate, Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial), Satellite Dish, Wired High Speed Internet
  • Heat Equipment: Fireplace, Forced Air Unit

Condo/Co-op/Association

  • Complex Name: Waverly Place
  • Pets Allowed: Yes
  • Community: PACIFIC BEACH
  • Complex Features: Laundry Facilities

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: RM-1-1
  • Assessor Parcel Number: 423-123-09-00
  • Estimated Lot Sq Ft: 6247
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Estimated Number of Acres: 0.14
  • Map Code Column: H
  • Map Code Page: 1247
  • Map Code Row: 6

Rental Info

  • Tenant Pays: Sewer, Water, Cable TV, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 97591
  • Annual Expense Actual: 59005
  • Annual Expense Projected: 58074
  • Gross Rent Multiplier Actual: 18.12
  • Gross Rent Multiplier Projected: 15.59
  • Gross Sched Income Actual: 159792
  • Gross Sched Income Projected: 185640
  • Number Of Buildings: 2
  • Number Of Furnished Units: 3
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Fireplaces: 3
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 1200

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2021 08/20/21 Sold $2,850,000 -1.6% --
07/16/2021 07/16/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $2,895,000 +41.2% --
01/31/2017 01/31/17 Sold $2,050,000 -4.7% $511 / Sq Ft
12/07/2016 12/07/16 Pending -- -- --
12/03/2016 12/03/16 Price Changed $2,150,000 +10.3% $536 / Sq Ft
11/17/2016 11/17/16 For Sale $1,950,000 -- $486 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joseph Siemienowski

    Seller's Agent in 2021

    Joseph Siemienowski

    Siemienowski & Associates

    (858) 205-1031

    3 in this area

    33 Total Sales

    Joseph Siemienowski
    Section Image
  • Steve Cairncross

    Buyer's Agent in 2021

    Steve Cairncross

    Berkshire Hathaway HomeServices California Properties

    (858) 859-3370

    76 in this area

    251 Total Sales

    Steve Cairncross
    Section Image
  • Gina Barnes

    Seller's Agent in 2017

    Gina Barnes

    Compass

    (619) 347-4415

    119 Total Sales

    Gina Barnes
    Section Image
  • Rosa Buettner

    Buyer's Agent in 2017

    Rosa Buettner

    Compass

    (858) 945-7314

    1 in this area

    30 Total Sales

    Rosa Buettner
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 210019057

San Diego MLS

APN: 423-123-09-00

California San Diego County San Diego 92109 Pacific Beach

961 Thomas Ave, San Diego, CA

Homes for Sale in San Diego, CA

This home is located at 961 Thomas Ave, San Diego, CA 92109 since 08 July 2021. This property was built in 1990. 961 Thomas Ave is a home located in San Diego County with nearby schools including Crown Point Junior Music Academy, Pacific Beach Middle, and Mission Bay High School.

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