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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.
Property Type(s):
Commercial
| Last Updated | 5/27/2026 | Year Built | 0 |
|---|---|---|---|
| Community | 92111 - Linda Vista | County | San Diego |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 92111 - Linda Vista |
| HEAT | None |
| LOT | 6495 sq ft |
| LOT DIMENSIONS | 6493 |
Location
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Listed with Newmark of Southern California
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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