$3,595,000

Estimated payment $22,542/month

Total Views 74
9 Beds
6 Baths
3,968 Sq Ft
$906 Price per Sq Ft

Highlights

  • Fireplace
  • Laundry Facilities
  • West of 5 Freeway
  • Crown Point Junior Music Academy Rated A-
  • Partially Fenced Property
  • Gravity Heating System

About This Home

It is with great pride that we present for sale 1141-47 Reed Avenue, a phenomenally well-located four-unit property in the heart of Pacific Beach, within walking distance to Sail Bay (+/-2.5 blocks), the beach (+/-4.5 blocks), and more recreation options than one could ever tire of. Comprised of two (2) 2br/1ba units; one (1) 2br/2ba unit; and one (1) 3br/2ba unit, there are ten off-street parking spaces (including a 2-car garage), and all units either have in-unit laundry (3), or exclusive access to an outdoor laundry room (1). The front duplex (1145-47 Reed Ave.) features a spacious 3-bedroom/2-bathroom ‘owner’s unit’ on top (1147), boasting vaulted ceilings with high windows and skylights for good natural light, a rooftop deck and private balcony, plus a large master bedroom with double-sided fireplace, a bonus room, and an en-suite bathroom with jacuzzi tub. This unit is ripe with upside potential via a full modernization. Below is a generous 2-bedroom/2-bathroom unit (1145) with updated kitchen and bathrooms, including grey shaker-style cabinetry, granite countertops, newer appliances (including dishwasher and micro-hood), with tile flooring throughout (carpeted bedrooms), and radiant heat. Adjacent to unit 1145 is a 2-car garage, with two (2) off-street surface spaces behind it. The rear duplex (1141-43 Reed Ave.) has a 2-bedroom/1-bathroom unit above a 2-bedroom/1-bathroom unit, both with in-unit laundry hookups, luxury vinyl plank flooring, granite countertops, among other upgrades. Behind this building there are six (6) surface off-street parking spaces.

Listing Agent

Joseph Burrough

Palma Commercial License #02014504 Listed on: 11/13/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 6,252 Sq Ft Lot
  • Partially Fenced Property

Parking

  • Alley Access

Home Design

  • Composition Roof

Interior Spaces

  • 9 Bedrooms
  • 3,968 Sq Ft Home
  • 2-Story Property
  • Fireplace

Location

  • West of 5 Freeway

Utilities

  • Heating System Uses Natural Gas
  • Heating System Uses Wood
  • Radiant Heating System
  • Gravity Heating System

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Pacific Beach Subdivision

Additional Features

  • Laundry Facilities
  • Operating Expense $66,569

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1970
  • Unit Levels: 2 Story
  • Property Sub Type: Res Income 2-4 Units
  • Community Features: Laundry Facilities
  • Security Features: N/K
  • CapRate: 3.07
  • Co List Office Mls Id: 3874
  • Subdivision Name: PACIFIC BEACH
  • BuildingName: NA
  • AgeRestrictions: N/K
  • ShortSale: No
  • Site: Alley Access, West of I-5
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Total Bedrooms: 9

Exterior Features

  • Fencing: Partial
  • Roof: Composition
  • View: N/K
  • Pool Features: N/K
  • Construction Type: Wood/Stucco

Utilities

  • Cooling: Other/Remarks
  • Heating: Fireplace, Radiant, Wall/Gravity
  • Utilities: Sewer Connected
  • Water Source: Meter on Property
  • HeatSource: Electric, Natural Gas, Wood

Lot Info

  • Lot Size Sq Ft: 6252.0

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 4
  • Annual Operating Expense: 66569.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2025 11/13/25 For Sale $3,595,000 -- $906 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250044037

San Diego MLS