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$2,450,000
Est. payment /mo
10 Beds
9 Baths
4,154 SqFt
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 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
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Listed by Andrew T Kaiser, DRE#02016818 Newmark of Southern California
Nearby School & Business
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