NOT LISTED FOR SALE

934-36 Reed Ave San Diego, CA 92109

Pacific Beach Neighborhood
3 Beds
3 Baths
1,500 Sq Ft
1950 Built

Last Sold July 14, 2023

Last sale price $2,350,000 $1,567 Per Sq Ft

Highlights

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

About This Home

As of July 2023

Single family house plus duplex in very desirable Pacific Beach location. House is two bed/1 bath with private yard. Duplex is one bed/one bath above a studio unit. Enough parking on the property for all units. Great rental property, low maintenance, and no HOA. **In Addition** Development Plans for two single family homes with detached companion units on two separate lots! Project is already through full coastal APPROVAL and the architect indicates permits will be ready in 50 days or less. Each single family house is 2195sqft, 4 bed/3.5 bath plus 3rd story penthouse and rooftop deck. Each ADU is 795sqft, 2 bed/2 bath and both properties will have attached subterranean parking garages. Prime Pacific Beach location that is rarely available. Once these developments are complete they can bring in upwards of 28-30K monthly in rental income. Current property has tenants renting on a month-to-month basis. For additional property or development details please call the listing agent.

Last Listed By

Rob Linton

eXp Realty of California, Inc. License #01301758 Listed on: 05/26/2023

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Stucco Exterior

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Additional Features

  • 2-Story Property
  • West of 5 Freeway

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane
  • Assessor Parcel Number 423-123-19-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $8,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Bayard
  • Neighborhood: Pacific Beach
  • Stories: 2 Story
  • Sale Price List Price: 0.94
  • Total Stories: 2
  • Year Built: 1950
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • 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
  • Water Heater Type: Gas

Condo/Co-op/Association

  • Community: PACIFIC BEACH
  • Manager Name: The Beach Renter

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 423-123-19-00
  • Water District URL: http://www.ci.san-diego.ca.us/water

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 8000
  • Annual Expense Actual: 8000
  • Gross Rent Multiplier Actual: 33.8
  • Gross Sched Income Actual: 73788
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 1

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

Property History

Date Event Price Change Sq Ft Price
07/14/2023 07/14/23 Sold $2,350,000 -6.0% $1,567 / Sq Ft
06/16/2023 06/16/23 For Sale $2,500,000 0.0% $1,667 / Sq Ft
05/26/2023 05/26/23 For Sale $2,500,000 +66.7% $1,667 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
06/30/2021 06/30/21 Sold $1,500,000 +11.1% $949 / Sq Ft
05/13/2021 05/13/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $1,350,000 -- $854 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Rob Linton

    eXp Realty of California, Inc.

    (619) 813-5847

    Section Image

  • C

    Buyer's Agent in 2023

    Chris Wen

    Walton Realty Inc.

  • Jeff Horvitz

    Seller's Agent in 2021

    Jeff Horvitz

    Pacific R.E.Services, Inc

    (619) 823-1335

    4 in this area

    4 Total Sales

    Jeff Horvitz
    Section Image
  • Shannon Mahoney

    Seller Co-Listing Agent in 2021

    Shannon Mahoney

    Berkshire Hathaway HomeServices California Properties

    (858) 414-6305

    6 in this area

    47 Total Sales

    Shannon Mahoney
    Section Image
  • Greg Cummings

    Buyer's Agent in 2021

    Greg Cummings

    Compass

    (858) 717-0730

    10 in this area

    137 Total Sales

    Greg Cummings
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 230009918

San Diego MLS

California San Diego County San Diego 92109 Pacific Beach

934-36 Reed Ave, San Diego, CA

Homes for Sale in San Diego, CA

This home is located at 934-36 Reed Ave, San Diego, CA 92109 since 26 May 2023. This property was built in 1950. 934-36 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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