CA > San Diego > Pacific Beach
San Diego, CA 92109,2073 79 Reed Ave
San Diego, CA 92109,2073 79 Reed Ave
San Diego, CA 92109,2073 79 Reed Ave
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$3,099,000
Est. payment /mo
6,255 Sqft Lot
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Pending

Purchase Type For Sale

Subdivision Pacific Beach

MLS Listing ID 250032628SD

HOA Y/N No

Year Built 1957

Lot Size 6,255 Sqft

Property Description

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 long-term growth, income, and unbeatable location.

Location

State CA

County San Diego

Area 92109 - Pacific Beach

Building/Complex Name Mission Bay

Interior

Heating Natural Gas

Cooling None

Fireplace No

Exterior

View Y/N Yes

View Bay

Roof Type Composition

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 4242611200

Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA

Listing Terms Cash, Conventional, Cal Vet Loan, FHA

Virtual Tour https://www.propertypanorama.com/instaview/snd/250032628

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CRMLS – RECore
Listed by Joey Belcastro Keller Williams Realty

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