2073-79 Reed Ave, San Diego, CA 92109

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Glen Henderson

[email protected] +1(619) 889-7646

$3,099,000

Est. payment - /mo

9 Beds

5 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Pacific Beach

MLS Listing ID 250032628

Bedrooms 9

Year Built 1957

Property Sub-Type Res Income 2-4 Units

Property Description

5% DAY-ONE CAP RATE COASTAL 4-UNIT IN PACIFIC BEACH | $18,895/MONTH INCOME. IN PLACE LEASES 2073-79 Reed Ave is a premier investment opportunity located just steps from Mission Bay on a prime corner lot in one of San Diego's most sought-after coastal neighborhoods. This high-performing asset generates $18,895/month in current rents, offering investors a true 5% cap rate from day one—a rare find in a beachside location. The property features an ideal unit mix of (1) 3BR/2BA and (3) 2BR/1BA units, each tastefully renovated with modern finishes and strong tenant appeal. Significant capital improvements include a new roof, updated electrical systems, foundation upgrades, and full replacement of all visible cast iron plumbing. Four deep garages present the potential for ADU conversions or increased rental income. Situated in a quiet, upscale pocket of Pacific Beach, just a few blocks from the ocean, this offering is perfect for investors, owner-users, or Airbnb operators seeking long-term growth, income, and unbeatable location.

Location

State CA

County San Diego

Area Coastal South

Interior

Fireplace No

Exterior

Fence Full

View Y/N Yes

View Bay

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Tax ID 424-261-12-00

Virtual Tour https://www.propertypanorama.com/instaview/snd/250032628

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Listed by Joey Belcastro Keller Williams Realty

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

2073-79 Reed Ave San Diego, CA 92109

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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