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$2,550,000
Est. payment /mo
6,494 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260012820SD
HOA Y/N No
Lot Size 6,494 Sqft
Property Sub-Type Mixed Use
Property Description
We are pleased to present Thomson Five, a newly constructed, fully stabilized 5-unit multifamily asset in the supply-constrained Linda Vista submarket of central San Diego. Completed in 2024 and delivered fully leased, the Property offers brand-new construction, a premium large-format unit mix, and immediate income. 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 $2,550,000, representing a 5.26% current cap rate (5.54% pro forma), $510,000/unit, and $614/SF. Contact listing broker for OM and financials.
Location
State CA
County San Diego
Area 92111 - Linda Vista
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Composition
Others
Tax ID 4312106500
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Listed by Andrew Kaiser Newmark of Southern California #02016818
Nearby Locations
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