See all 41 photos
41 photos
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
$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 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
Search All Homes and Condos for Sale in Coronado
Types of Homes for Sale In Coronado:
All Coronado Homes for Sale by Map
Condos and Townhomes for Sale in Coronado
Single Family Homes for Sale in Coronado
Multi-Family Investment Properties for Sale in Coronado
New Construction in Coronado
Rentals in Coronado
Neighborhoods in Coronado
Coronado Cays Homes for Sale
Coronado Shores Condos for Sale
Coronado Village Homes and Condos for Sale
Bayfront Homes for Sale
Oceanview Homes for Sale
Country Club Estates Homes for Sale
Get More Information
Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
Coronado Communities
- Homes For Sale in Carlsbad, CA
- Homes For Sale in Coronado, CA
- Homes For Sale in Del Mar, CA
- Homes For Sale in Imperial Beach, CA
- Homes For Sale in Encinitas, CA
- Homes For Sale in La Jolla, CA
- Coronado Condos & Townhomes
- Coronado Single Family Homes
- Coronado Shores Condos
- Coronado Cays
- Coronado Bayfront Homes
- Coronado Ocean View Homes