$999,000
$96K PRICE DROP

Estimated payment $5,522/month

Total Views 1,775
3 Beds
2 Baths
1,150 Sq Ft
$869 Price per Sq Ft

Highlights

  • Laundry Facilities
  • Crown Point Junior Music Academy Rated A-
  • Partially Fenced Property

About This Home

2 units in the heart of Pacific Beach! Great location! Close to all beaches, shopping, freeways etc. Front home is a seperate parcel and APN. This includes the back building which has an upstairs unit, a 2 bedroom 1 bath, and the downstairs unit, a 1 bedroom 1 bath. This is a great opportunity for an investor that would like to live in one unit and rent the other. Or rent both! We have just had long term tenants move-out and we have remodeled the units to get ready for new tenants. New cabinets, vinyl flooring, paint/crown molding. New kitchens and bathrooms. Both units have AC/Heating as well just installed. Roof was completely replaced recently. The garage in the back of the building is a laundry facility and storage shared by both units and does not contain a parking space. This is a turn key opportunity! CCR's are in place for this property and the house in front. No HOA or Mella Roos dues.

Listing Agent

Jonathan Persekian

First Rate Inc License #01915748 Listed on: 09/24/2025

Co-Listing Agent

Joe Persekian

First Rate Inc License #01170043

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,704

Year Built

  • Built in 1960

Lot Details

  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 3 Bedrooms
  • 1,150 Sq Ft Home
  • 2-Story Property

Community Details

Overview

  • Association fees include n/k
  • 2 Units
  • No Hoa Community
  • Pacific Beach Subdivision

Pet Policy

  • Pets allowed on a case-by-case basis

Additional Features

  • Laundry Facilities
  • Operating Expense $7,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,704

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1960
  • Unit Levels: 2 Story
  • Property Sub Type: Res Income 2-4 Units
  • Community Features: Laundry Facilities
  • Security Features: N/K
  • CapRate: 0.06
  • Association Fee Inclusions: N/K
  • Co List Office Mls Id: 62144
  • Co List Office Mls Id: 62144
  • Subdivision Name: PACIFIC BEACH
  • Directions: 2023 Reed Ave will bring you to the front home owned by our neighbors. There is a walkway to the back where units 1/2 & 1/4 are.
  • BuildingName: No HOA
  • AgeRestrictions: N/K
  • ShortSale: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Total Bedrooms: 3

Exterior Features

  • Fencing: Partial
  • Roof: Composition
  • Construction Type: Stucco

Utilities

  • Cooling: Central Forced Air
  • Heating: Forced Air Unit

Condo/Co-op/Association

  • Pets Allowed: Allowed w/Restrictions

Rental Info

  • Tenant Pays: Water, Cable TV, Electricity

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 2
  • Annual Operating Expense: 7500.0

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

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 $2,704 $229,109 $159,665 $69,444
2024 $2,704 $224,618 $156,535 $68,083
2023 $2,643 $220,215 $153,466 $66,749
2022 $2,571 $215,898 $150,457 $65,441
2021 $2,552 $211,665 $147,507 $64,158
2020 $2,521 $209,496 $145,995 $63,501
2019 $2,474 $205,389 $143,133 $62,256
2018 $2,313 $201,363 $140,327 $61,036
2017 $2,257 $197,416 $137,576 $59,840
2016 $2,219 $193,546 $134,879 $58,667
2015 $2,185 $190,639 $132,853 $57,786
2014 $2,150 $186,906 $130,251 $56,655
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2025 09/29/25 Price Changed $999,000 -8.8% $869 / Sq Ft
09/24/2025 09/24/25 For Sale $1,095,000 -- $952 / Sq Ft
Source: San Diego MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $143,500 Chicago Title
Individual Deed -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $220,000 No Value Available
Previous Owner $136,300 No Value Available
Previous Owner $10,305 Seller Take Back
Source: Public Records

Source: San Diego MLS

MLS Number: 250039769

San Diego MLS

APN: 424-261-05-01