2073-79 Reed Ave, San Diego, CA 92109

Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
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2073-79 Reed Ave,San Diego, CA 92109
$3,099,000
Virtual Tour
  • 9 Beds
  • 5 Baths
  • 3,210 sq. ft.
  • Multi-family
  • Pending
Listed by:joey belcastro
Office:keller williams realty
MLS#:250032628
Source:SANDICOR

Price summary

  • Price:$3,099,000
  • Price per sq. ft.:$965.42

About this home

5% DAY-ONE CAP RATE COASTAL 4-UNIT IN PACIFIC BEACH | $18,895/MONTH INCOME. IN PLACE LEASES 2073-79 Reed Ave is a premier investment opportunity located just steps from Mission Bay on a prime corner lot in one of San Diego’s most sought-after coastal neighborhoods. This high-performing asset generates $18,895/month in current rents, offering investors a true 5% cap rate from day one—a rare find in a beachside location. The property features an ideal unit mix of (1) 3BR/2BA and (3) 2BR/1BA units, each tastefully renovated with modern finishes and strong tenant appeal. Significant capital improvements include a new roof, updated electrical systems, foundation upgrades, and full replacement of all visible cast iron plumbing. Four deep garages present the potential for ADU conversions or increased rental income. Situated in a quiet, upscale pocket of Pacific Beach, just a few blocks from the ocean, this offering is perfect for investors, owner-users, or Airbnb operators seeking

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Home facts

  • Year built:1957
  • Listing Id #:250032628
  • Added:20 day(s) ago
  • Updated:August 15, 2025 at 07:30 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:5
  • Full bathrooms:5
  • Living area:3,210 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1957
  • Building area:3,210 sq. ft.

Finances and disclosures

  • Price:$3,099,000
  • Price per sq. ft.:$965.42
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