REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Glen Henderson

[email protected] +1(619) 889-7646

$2,450,000

Est. payment - /mo

10 Beds

9 Baths

4,154 SqFt

Save Virtual Tour

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 4,154 sqft

Price per Sqft $589

MLS Listing ID 260012820

Bedrooms 10

Full Baths 9

Lot Size 6,493 Sqft

Property Sub-Type Com-Res Income

Property Type Com-Res Income

Property Description

New reduced price! We are pleased to present Thomson Five, a newly constructed, fully stabilized 5-unit multifamily asset centrally located in Linda Vista. Completed in 2024 and delivered fully leased, the Property offers brand-new construction with high-end finishes, a premium large-format unit mix, and immediate income with current gross rents of $16,075/month ($192,900 annualized). The Property consists of five residences: two 3-bedroom/3-bathroom townhome-style units at 1,200 SF with private balconies featuring sweeping canyon and ocean views, two 2-bedroom/1-bathroom units at 750 SF, and one detached private studio at 254 SF. All residences feature quartz waterfall countertops, stainless steel appliances, in-unit washer/dryer, split-system HVAC, and private outdoor space. As a newly constructed asset, the Property is exempt from AB 1482 rent control provisions for 15 years from completion, providing exceptional flexibility for future rent growth. Current gross income totals $16,075/month ($192,900 annualized), pro forma of $16,600/month ($200,400 annualized) at market rents. The Property is offered at $2,450,000 ($490k/unit), representing a 5.53% current cap rate (5.82% pro forma), based on current NOI of $135,491. Contact listing broker for OM and financials.

Location

State CA

County San Diego

Area Metro

Interior

Cooling Wall/Window

Fireplace No

Laundry Owned

Exterior

Parking Features Spaces

View Y/N No

Roof Type Composition

Building

Dwelling Type Apartment

Story 2

Others

Senior Community No

Tax ID 431-210-65-00

Virtual Tour https://www.propertypanorama.com/instaview/snd/260012820

Read Less Info

Listed by Andrew T Kaiser, DRE#02016818 Newmark of Southern California

Nearby School & Business

Get More Information

Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

6728 Thomson Ct San Diego, CA 92111

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information