876 Thomas Ave
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 15, 2025 | Sold | ||
| Sold | |||
| Dec 2, 2025 | In contract | - | |
| In contract | |||
| Nov 17, 2025 | Listed by SRG | $1,325,000 | |
| Listed by SRG | |||
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Welcome to this irresistibly charming and joyfully bright beach bungalow in one of Pacific Beach’s most lively and walkable neighborhoods. Just steps to the sand, the boardwalk, and an endless lineup of local favorites, this 2-bedroom, 1-bath gem delivers that pure PB lifestyle people dream about. Inside, the home is full of warmth and personality with real hardwood floors throughout and a layout that makes the most of every inch. One bedroom features a motorized ceiling-mounted TV system—a clever space-saving upgrade—while the second bedroom offers direct access to the backyard, creating a smooth indoor–outdoor flow. A brand-new washer and dryer make everyday living a breeze. The front porch is truly something special, wrapped in a lush, mature passionfruit vine that creates a vibrant, tropical entryway. It feels like stepping into your own little hideaway. Out back, the vibe continues with a private oasis complete with leafy landscaping, turf, multiple lounge areas, a fruiting grapefruit tree, and a dreamy swing chair tucked under the trees. Front and back decks offer even more space to relax, entertain, or soak up those PB sunsets. Recent improvements—including a second sprinkler zone—help keep the greenery thriving. And the location? Unbeatable. Wander to PB Shore Club, Kono’s, coffee shops, brunch spots, boutiques, Sail Bay, and of course—the beach—within minutes. This area is packed with energy, charm, and everything that makes Pacific Beach such a beloved and iconic part of San Diego. With its prime location and effortless indoor-outdoor flow, this home also offers fantastic Airbnb/short-term rental potential for those looking to capture the vacation crowd. Fun, inviting, and full of coastal charm—this is the perfect Pacific Beach getaway.
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| Feb 13, 2025 | Sold | ||
| Sold | |||
| Jan 11, 2025 | Listed by Pacific Sotheby's Int'l Realty | $900,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
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Welcome to 876 Thomas! Located just one block from the ocean, this idyllic beachside bungalow is the perfect coastal retreat in the heart of Pacific Beach. Offering 589 square feet of thoughtfully designed living space, this home offers hardwood floors throughout, two bedrooms, one beautifully remodeled bathroom, a sun-drenched living room that's open to the eat-in kitchen with cream-colored cabinetry, top-of-the-line appliances, and a peninsula breakfast bar. The charming front porch invites you to enjoy ocean breezes, while the private backyard offers a peaceful outdoor escape with beautiful landscaping and low-maintenance turf. This rarely-available, move-in-ready home is ideally located near the beach, boardwalk, and all the vibrant shops and dining Pacific Beach has to offer. This beloved charmer offers the perfect opportunity to own a piece of paradise in one of San Diego’s most coveted neighborhoods.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017