$2,050,000
SOLD JAN 31, 2017

961 Thomas Ave San Diego, CA 92109

Pacific Beach Neighborhood
9 Beds
8 Baths
4,012 Sq Ft
6,251 Sq Ft Lot

Recently Sold

$511 Per Sq Ft

5% Above List Price

20 Days on Market

Highlights

  • Partially Fenced Property
  • Level Lot
  • West of 5 Freeway
  • Crown Point Junior Music Academy Rated A-
  • Wood Siding

About This Home

As of August 2021

This property is ideally located within 2.5 blocks to the beach and 3.5 blocks to Sail Bay with restaurants & shops around the corner. Property consist of a single family 3/2 front house, (3) 2 bedroom units with (4) 1 car garages and common laundry room. The units have been remodeled over the past 5 years and are impressive. The house has multiple French doors leading to deck areas with an open kitchen and loads of charm. This is a rare find with great rental appeal, location and wonderful unit mix.

Last Agent to Sell the Property

Gina Barnes

Compass License #01075249 Listed on: 12/03/2016

Compass

Last Buyer's Agent

Rosa Buettner

Compass License #01089718

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 6,251 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Additional Features

  • 2-Story Property
  • West of 5 Freeway

Listing and Financial Details

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

Community Details

Overview

  • 2 Buildings
  • 4 Units

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $79,149

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Cass St.
  • Neighborhood: Pacific Beach
  • LP / Sq Ft: 23.9
  • Stories: 2 Story
  • Sale Price List Price: 0.95
  • Total Stories: 2
  • Year Built: 1927
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Boat Facilities: No/Unknown
  • Exterior Material: Stucco, Wood
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: PACIFIC BEACH
  • Manager Name: Self Managed

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-3
  • Assessor Parcel Number: 423-123-09-00
  • Land Use Code: MF
  • Estimated Lot Dimensions: 50x125
  • Estimated Lot Sq Ft: 6251
  • Water District URL: http://www.ci.san-diego.ca.us/water

Rental Info

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

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 79149
  • Annual Expense Actual: 21769
  • Annual Expense Projected: 36771
  • Gross Rent Multiplier Actual: 18.74
  • Gross Rent Multiplier Projected: 18.17
  • Gross Sched Income Actual: 114720
  • Gross Sched Income Projected: 118320
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Fireplaces: 3
  • Number Of Units With Garage: 4
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 1200
  • Other Income Projected: 8400.0

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Range of Values:

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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

    252 Total Sales

    Steve Cairncross
    Section Image
  • Gina Barnes

    Seller's Agent in 2017

    Gina Barnes

    Compass

    (619) 347-4415

    120 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: 160063706

San Diego MLS

APN: 423-123-09-00

California San Diego County San Diego 92109 Pacific Beach

961 Thomas Ave, San Diego, CA

This home is located at 961 Thomas Ave, San Diego, CA 92109 and is currently priced at $2,050,000, approximately $510 per square foot. This property was built in 1927. 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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