$3,050,000

2073-79 Reed Ave, San Diego CA, 92109

Price per sqft$950.16

Built in1957

Property size3,210 sqft

Property typeMulti-family

Overview

Sold

Listed Jul 7, 2025

Updated Aug 11

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.

Additional information

MLS^® ID: 250032628

Interior Features

Bedrooms: 9
Bathrooms: 5
Cooling: Yes
Basement: No

Other Property Details

View: Yes

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Data last updated 5:03 AM UTC, 8/11/2026

Website advertised by Modern Homes Team | CA DRE# 02003738 , DRE 500151161