NOT LISTED FOR SALE

1337 Reed Ave San Diego, CA 92109

Pacific Beach Neighborhood

Estimated Value: $1,869,000 - $1,998,000

4 Beds
4 Baths
2,220 Sq Ft
$872/Sq Ft Est. Value

Last Sold December 11, 2020

Last sale price $1,195,000 $538 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $11,567/month

40 Days on Market

Highlights

  • Fireplace
  • Laundry Facilities
  • Level Lot
  • Crown Point Junior Music Academy Rated A-
  • Partially Fenced Property
  • 4-minute walk to Fanuel Street Park

About This Home

As of December 2020

Beach & bay are just blocks away from this well maintained & unique duplex featuring two 2 BR/1.5 BA townhome-style units. Desirable floor plan; great for roommates! Owner-occupy one (great for 2nd home) & rent the other! Both: Ground floor features living room w/ gas fireplace & patio, powder room, storage, & eat-in kitchen w/ breakfast bar. Upstairs are 2 bedrooms separated by a full bathroom. Property enjoys 3 off-street parking spaces off alley, 2-3 more in the front driveway, & separate laundry room.

Last Agent to Sell the Property

Steve Cairncross

Berkshire Hathaway HomeServices California Properties License #00859218 Listed on: 10/01/2020

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Patrick Cairncross

Berkshire Hathaway HomeServices California Properties License #01984531

Last Buyer's Agent

John Silva

Berkshire Hathaway HomeService License #01170426

Berkshire Hathaway HomeService

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,609

Year Built

  • Built in 1973

Lot Details

  • 3,125 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Fireplace

Location

  • West of 5 Freeway

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Gravity Heating System
  • Separate Water Meter

Listing and Financial Details

  • Assessor Parcel Number 423-264-06-00

Community Details

Overview

  • 2 Units
  • 1337 Reed Ave Community

Additional Features

  • Laundry Facilities
  • Net Operating Income $63,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,609

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Fanuel St
  • Neighborhood: Pacific Beach
  • LP / Sq Ft: 16.36
  • Stories: 2 Story
  • Sale Price List Price: 0.9
  • Total Stories: 2
  • Year Built: 1973
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heat Equipment: Fireplace, Radiant, Wall/Gravity

Condo/Co-op/Association

  • Complex Name: 1337 Reed Ave
  • Community: PACIFIC BEACH
  • Complex Features: Laundry Facilities

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Assessor Parcel Number: 423-264-06-00
  • Estimated Lot Sq Ft: 3125
  • Estimated Number of Acres: 0.07

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 63200
  • Annual Expense Actual: 4000
  • Annual Expense Projected: 4000
  • Gross Sched Income Actual: 67200
  • Gross Sched Income Projected: 85000
  • Number Of Buildings: 1
  • Number Of Furnished Units: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Fireplaces: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2020
Closed on
Nov 23, 2020
Sold by
Shea Joseph E and Shea Ellen S
Bought by
Wang Edward
Seller's Agent
Steve Cairncross
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
John Silva
Berkshire Hathaway HomeService
List Price
$1,325,000
Sold Price
$1,195,000
Premium/Discount to List
-$130,000
-9.81%
Current Estimated Value
$1,936,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$741,201
Avg. Annual Appreciation
9.25%
Original Mortgage
$896,250
Outstanding Balance
$802,975
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,024,408
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wang Edward $1,195,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Edward $896,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2020 12/11/20 Sold $1,195,000 -9.8% $538 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
10/01/2020 10/01/20 For Sale $1,325,000 -- $597 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,609 $1,293,504 $1,044,546 $248,958
2024 $15,609 $1,268,142 $1,024,065 $244,077
2023 $15,265 $1,243,278 $1,003,986 $239,292
2022 $14,860 $1,218,900 $984,300 $234,600
2021 $14,758 $1,195,000 $965,000 $230,000
2020 $1,547 $123,109 $33,566 $89,543
2019 $1,520 $120,696 $32,908 $87,788
2018 $1,423 $118,330 $32,263 $86,067
2017 $1,389 $116,011 $31,631 $84,380
2016 $1,365 $113,737 $31,011 $82,726
2015 $1,346 $112,030 $30,546 $81,484
2014 $1,326 $109,836 $29,948 $79,888
Source: Public Records

Agents Affiliated with this Home

  • Steve Cairncross

    Seller's Agent in 2020

    Steve Cairncross

    Berkshire Hathaway HomeServices California Properties

    (858) 859-3370

    79 in this area

    252 Total Sales

    Steve Cairncross
    Section Image
  • Patrick Cairncross

    Seller Co-Listing Agent in 2020

    Patrick Cairncross

    Berkshire Hathaway HomeServices California Properties

    (858) 922-4884

    37 in this area

    104 Total Sales

    Patrick Cairncross
    Section Image

  • J

    Buyer's Agent in 2020

    John Silva

    Berkshire Hathaway HomeService

    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 200047061

San Diego MLS

APN: 423-264-06

California San Diego County San Diego 92109 Pacific Beach

1337 Reed Ave, San Diego, CA

This home is located at 1337 Reed Ave, San Diego, CA 92109 since 01 October 2020 and is currently estimated at $1,936,201, approximately $872 per square foot. This property was built in 1973. 1337 Reed Ave is a home located in San Diego County with nearby schools including Crown Point Junior Music Academy, Pacific Beach Middle, and Mission Bay High School.

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