The Thomas Avenue Apartment Homes is a 6 unit property located in the Crown Point submarket of Pacific Beach, CA. Pacific Beach is considered one of the strongest rental markets in San Diego County, with great demand for apartment rentals. Historical occupancy in this sub-market is estimated to be approximately 97% - 100% and rental rates continue to rise. This vibrant and centrally located beach community offers excellent access to Interstate 5 and Interstate 8 freeways, which connect to every major employment center in the greater San Diego area. The subject property was built in 1956 and is comprised of six studio units with approximate square footages ranging from 300 sq. ft to 400 sq. ft. Four of the six units have been completely remodeled within the last several years. Improvements include but are not limited to new kitchens, new bathrooms, new vinyl plank flooring, and addition of private patios. The property also has on site laundry with owned equipment and several common area outdoor spaces. The owner is a CA licensed real estate broker.
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