$2,250,000
SOLD OCT 28, 2024

2073-79 Reed Ave San Diego, CA 92109

Pacific Beach Neighborhood
9 Beds
4 Baths
3,215 Sq Ft
6,251 Sq Ft Lot

Recently Sold

$700 Per Sq Ft

10% Below List Price

6 Days on Market

Highlights

  • Property is near a park
  • Wood Flooring
  • Private Yard
  • Crown Point Junior Music Academy Rated A-
  • Corner Lot
  • No HOA

About This Home

As of October 2024

Pacific Beach gem! Awesome cash flow opportunity awaits. First time on market in over 40 years! This large 4 unit property close to the bay is situated on a rare corner lot with 4 garages! Excellent unit mix with 1 three bedroom unit above the garages that features a balcony with views, and 3 two bedroom units on the ground level, each with outdoor yard space. This would make an excellent long term, mid-term, or short term rental property. As of this listing, San Diego still has over 600 Tier 3 Short-Term Residential Occupancy (STRO) permits available! Laundry room with coin-operated machines provides additional revenue opportunity.

Last Agent to Sell the Property

Trevor Smith

Lily Field Realty Brokerage Email: trevor.smith@evrealestate.com License #01700986

Lily Field Realty

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 6,251 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,215 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit
  • Urban Location
  • Suburban Location

Utilities

  • No Heating
  • Overhead Utilities

Listing and Financial Details

  • Legal Lot and Block 19,20 / 281
  • Tax Tract Number 922
  • Assessor Parcel Number 4242611200
  • $44 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Property is near a preserve or public land

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Water Sports
  • Bike Trail

Building Details

  • 2 Leased Units
  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • New Taxes Expense $31,000
  • Gross Income $45,474

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 1.80
  • Price Per Unit: 623750
  • Property Attached: Yes
  • View: No
  • Zoning: RM-1-1
  • Property Type: Residential Income
  • Parcel Number: 4242611200
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Street
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: No
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 699.84

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Preserve/Public Land, Sidewalks, Storm Drains, Street Lights, Suburban, Urban, Biking, Park, Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Landscaped, Lawn, Level with Street, Rectangular Lot, Level, Near Public Transit, Park Nearby, Utilities - Overhead, Walkstreet, Yard
  • Lot Size Sq Ft: 6251.00
  • Lot Size Acres: 0.1435

Multi Family

  • Gross Income: 45474.00
  • Gross Scheduled Income: 45474.00
  • Lot Size Area: 6251.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Number With Range: 4
  • Rent Control: No
  • Total Actual Rent: 3789.50

Tax Info

  • New Taxes Expense: 31000.00
  • Tax Block: 281
  • Tax Lot: 19,20
  • Tax Tract Number: 000922
  • TaxOtherAnnualAssessmentAmount: 43.78

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 Change Sq Ft Price
05/27/2025 05/27/25 For Sale $3,200,000 +42.2% $997 / Sq Ft
10/28/2024 10/28/24 Sold $2,250,000 -9.8% $700 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
09/20/2024 09/20/24 For Sale $2,495,000 -- $776 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2408423

California Regional Multiple Listing Service (CRMLS)

California San Diego County San Diego 92109 Pacific Beach

2073-79 Reed Ave, San Diego, CA

Homes for Sale in San Diego, CA

This home is located at 2073-79 Reed Ave, San Diego, CA 92109 and is currently priced at $2,250,000, approximately $699 per square foot. This property was built in 1957. 2073-79 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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