NOT LISTED FOR SALE

1743 Reed Ave San Diego, CA 92109

Pacific Beach Neighborhood
4 Beds
2 Baths
1,745 Sq Ft
6,732 Sq Ft Lot

Last Sold January 16, 2019

Last sale price $1,000,000 $573 Per Sq Ft

83 Days on Market

Highlights

  • Partially Fenced Property
  • Level Lot
  • 1-Story Property
  • Crown Point Junior Music Academy Rated A-
  • West of 5 Freeway

About This Home

As of January 2019

Terrific opportunity in the heart of Pacific Beach! 2 homes on one lot with alley access. Lot is 6732 square feet, zoning is RM-1-1 may allow development of two separate homes (buyer to confirm) or rehab to add value and maximize rental income (current rents are well below market value). Currently 2 detached, tenant occupied units. Front house is 3 Bedroom, 1 bath (1 bedroom is converted garage, permits unknown). Back house is 2 bedroom, 1 bath, both with exclusive use yards and off street parking.

Last Agent to Sell the Property

Rosalie Rodriguez

Compass License #01057828 Listed on: 08/27/2018

Compass

Last Buyer's Agent

Kevin Dougherty

Atlas Realty, Inc License #01316207

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 6,732 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • West of 5 Freeway
  • Separate Water Meter

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 424-231-05-00

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Pacific Beach Community

Building Details

  • Net Operating Income $39,212

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Kendall
  • Neighborhood: Pacific Beach
  • Stories: 1 Story
  • Sale Price List Price: 0.91
  • Total Stories: 1
  • Year Built: 1941
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property

Condo/Co-op/Association

  • Complex Name: Pacific Beach
  • Community: PACIFIC BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Curbs, Public Street, Rear Yd Str Access, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Zoning: R-M 1-1
  • Assessor Parcel Number: 424-231-05-00
  • Estimated Lot Sq Ft: 6732
  • Estimated Number of Acres: 0.15
  • Map Code Column: A
  • Map Code Page: 1248
  • Map Code Row: 6

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 39212
  • Annual Expense Actual: 6268
  • Gross Rent Multiplier Actual: 24.16
  • Gross Rent Multiplier Projected: 19.9
  • Gross Sched Income Actual: 45480
  • Gross Sched Income Projected: 55200
  • Number Of Buildings: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Range of Values:

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Sold Price
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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 Change Sq Ft Price
01/16/2019 01/16/19 Sold $1,000,000 0.0% $573 / Sq Ft
01/04/2019 01/04/19 Rented $2,950 0.0% --
12/11/2018 12/11/18 For Rent $2,950 0.0% --
11/19/2018 11/19/18 Pending -- -- --
11/13/2018 11/13/18 Off Market $1,000,000 -- --
10/12/2018 10/12/18 Price Changed $1,099,000 -2.3% $630 / Sq Ft
09/24/2018 09/24/18 Price Changed $1,125,000 -4.2% $645 / Sq Ft
08/27/2018 08/27/18 For Sale $1,174,900 -- $673 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rosalie Rodriguez

    Seller's Agent in 2019

    Rosalie Rodriguez

    Compass

    (619) 857-7201

    44 Total Sales

    Rosalie Rodriguez
    Section Image
  • Kevin Dougherty

    Seller's Agent in 2019

    Kevin Dougherty

    Atlas Realty, Inc

    (619) 977-7777

    4 in this area

    26 Total Sales

    Kevin Dougherty
    Section Image
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Map

Source: San Diego MLS

MLS Number: 180047903

San Diego MLS

APN: 424-231-05-00

California San Diego County San Diego 92109 Pacific Beach

1743 Reed Ave, San Diego, CA

This home is located at 1743 Reed Ave, San Diego, CA 92109 since 27 August 2018. This property was built in 1941. 1743 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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