$1,850,000
Total Views 6,767
4 Beds
3 Baths
1,824 Sq Ft
$1,014 Price per Sq Ft

Highlights

  • Property Fronts a Bay or Harbor
  • Gated Community
  • Gated Home
  • Crown Point Junior Music Academy Rated A-
  • Community Barbecue Grill
  • Wood Siding

About This Home

Substantial Price Reduction! We are pleased to present 2134 Reed Avenue, a renovated triplex just two blocks to the bay in the highly popular Pacific Beach neighborhood of San Diego, California. Major upgrades have been made to the complex in the last two years including 2 completely renovated rear 1-bedroom / 1-bath units (approximately 500 SF) and a partially upgraded 2-bedroom cottage (approximately 824 SF). Roofs and fences were just completely rebuilt. Units have received upgraded power, individual washer /dryers and all new kitchens and baths in the rear units. Built in 1947 and restored in 2022, this triplex features prime walkability to the bay, beach, and popular Garnet Avenue shops, stores, restaurants and entertainment. This is an ideal investment for the location-prioritized investor, owner/user, ADU builder, or investor seeking strong cash flow for the price.

Listing Agent

Conor Brennan

Conor Brennan, Broker License #01918598 Listed on: 11/11/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 3,129 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Gated Home

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4 Bedrooms
  • 1,824 Sq Ft Home
  • 2-Story Property
  • Bay Views

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Complex Community
  • Pacific Beach Subdivision

Additional Features

  • Community Barbecue Grill
  • Operating Expense $37,670
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

3,129 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1947
  • Unit Levels: 2 Story
  • Property Sub Type: Res Income 2-4 Units
  • Community Features: BBQ, Gated Community
  • Frontage: Bay
  • Security Features: Gated Community
  • CapRate: 3.46
  • Co List Office Mls Id: 62951
  • Subdivision Name: PACIFIC BEACH
  • BuildingName: complex
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-11-11T22:38:21Z
  • AgeRestrictions: N/K
  • FullAddress: 2136 Reed St
  • ShortSale: No
  • SupplementRemarks: Pacific Beach presents a unique opportunity due to its prime coastal location, popular restaurants and stores, and vibrant community atmosphere. The area is known for its beautiful beaches, active lifestyle, and a strong tourism market, attracting both locals and visitors year-round. This consistent influx of people creates a robust demand for various investment properties, including multifamily, retail, restaurants, and hospitality, making it a lucrative environment for investment. Additionally, Pacific Beach has seen significant development and revitalization efforts, enhancing its appeal and driving property values upward. Moreover, the strong rental market in Pacific Beach provides investors with the potential for stable cash flow and long term appreciation. The area’s demographics, characterized by a mix of young professionals, college students, families, and retirees, support a diverse range of commercial opportunities. With favorable zoning regulations and a supportive local government focused on sustainable development, investors can benefit from a proactive environment for growth. The combination of a thriving economy, desirable lifestyle, and limited available space makes Pacific Beach a compelling choice for anyone looking to invest in the area.
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Bedrooms: 4

Exterior Features

  • Fencing: Gate
  • Roof: Composition
  • View: Bay
  • Construction Type: Wood

Utilities

  • Cooling: Wall/Window
  • Heating: Wall/Gravity
  • Utilities: Sewer Connected
  • Water Source: Meter on Property
  • HeatSource: Electric

Lot Info

  • Lot Size Sq Ft: 3129.0

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 3
  • Annual Operating Expense: 37670.0

Map

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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
11/24/2025 11/24/25 Off Market $1,850,000 -- --
11/11/2025 11/11/25 For Sale $1,850,000 -- $1,014 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250043829

San Diego MLS
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