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$ 3,099,000
Est. payment | /mo
6,255 Sqft Lot
$ 3,099,000
Est. payment | /mo
6,255 Sqft Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Pacific Beach
MLS Listing ID 250032628SD
HOA Y/N No
Year Built 1957
Lot Size 6,255 Sqft
Property Description
5% DAY-ONE CAP RATE COASTAL 4-UNIT IN PACIFIC BEACH | $18,895/MONTH INCOME 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 92109 - Pacific Beach
Building/Complex Name Mission Bay
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
View Y/N Yes
View Bay
Roof Type Composition
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4242611200
Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA
Listing Terms Cash, Conventional, Cal Vet Loan, FHA
Listed by Joey Belcastro Keller Williams Realty
3750 Schaufele Ave Suite 270, Beach, California, 90808, United States