$1,500,000
SOLD JUN 30, 2021

934-36 Reed Ave San Diego, CA 92109

Pacific Beach Neighborhood
3 Beds
3 Baths
1,581 Sq Ft
1950 Built

Recently Sold

$949 Per Sq Ft

11% Above List Price

Highlights

  • Partially Fenced Property
  • Crown Point Junior Music Academy Rated A-
  • Level Lot

About This Home

As of July 2023

What a location! This prime property is 1.5 blocks to the ocean and bay in South Pacific Beach. Front house is 936 Reed Ave (2 BR 1 BA with back yard and laundry room). Rear building is two stories with 934 Reed Ave (1-BR unit upstairs with private 1 car garage) and 934 1/2 (studio on bottom floor). Tenants are all month-to-month.

Last Agent to Sell the Property

Jeff Horvitz

Pacific R.E.Services, Inc License #01318867 Listed on: 05/13/2021

Co-Listed By

Shannon Mahoney

Berkshire Hathaway HomeServices California Properties License #01961135

Last Buyer's Agent

Greg Cummings

Compass License #01464245

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 6,250 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Rolled or Hot Mop Roof
  • Stucco Exterior

Utilities

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

Additional Features

  • 2-Story Property
  • Drip Irrigation

Listing and Financial Details

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

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • N/K Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $40,000

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 Street, Cass Street
  • Neighborhood: Pacific Beach
  • LP / Sq Ft: 30.0
  • Stories: 2 Story
  • Sale Price List Price: 1.11
  • Total Stories: 2
  • Year Built: 1950
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Boat Facilities: No/Unknown
  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Rolled/Hot Mop

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: N/K
  • Pets Allowed: Yes
  • Community: PACIFIC BEACH
  • Manager Name: Pacific R.E. Services
  • Manager Phone: 619-823-1335

Lot Info

  • Irrigation: Drip
  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Sidewalks, Street Paved
  • Topography: Level
  • Assessor Parcel Number: 423-123-19-00
  • Estimated Lot Dimensions: 50 x 125
  • Estimated Lot Sq Ft: 6250

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 40000
  • Annual Expense Actual: 22000
  • Annual Expense Projected: 26000
  • Gross Rent Multiplier Actual: 20.1
  • Gross Rent Multiplier Projected: 18.9
  • Gross Sched Income Actual: 67080
  • Gross Sched Income Projected: 71400
  • Number Of Buildings: 2
  • Number Of Units With Dryers: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 1

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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
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: 210012708

San Diego MLS

California San Diego County San Diego 92109 Pacific Beach

934-36 Reed Ave, San Diego, CA

This home is located at 934-36 Reed Ave, San Diego, CA 92109 and is currently priced at $1,500,000, approximately $948 per square foot. 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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