2134 Reed Avenue

San Diego, CA 92109

$1,950,000
Price
4
Beds
3
Baths
1,824 Sq. Ft.
$1,069 / Sq. Ft.
1,824
Sq. Ft.
$1,069
per Sq. Ft.

Description

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). Units have received upgraded power, individual washer dryers and all new kitchens and baths in the rear units. Built...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). 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. 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.
  1. Listed by Conor M Brennan • DRE #01918598 • Brokerage DRE #00530854 • Marcus & Millichap

Property Details for 2134 Reed Avenue

Area
Pacific Beach (92109)
Neighborhood
pacific beach
Community
PACIFIC BEACH
View Description
Bay, Ocean
City Postal ID
PACIFIC BEACH (92109)
Cross Street(s)
Reed & Noyes
LISTING UPDATED: 11/06/2024 04:18 PM

Property Details for 2134 Reed Avenue

StatusActive
MLS #240026191
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.07 AC / 3,049 SF
CountySan Diego County

Building Information for 2134 Reed Avenue

Stories2Residences-Year Built1947Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 2134 Reed Avenue

Summary Information
Property and Location
  • System ID: 240026191
  • Class: 2-4 UNITS
  • Levels: 2 Story
  • Year Built: 1947
  • Street Number Numeric: 2134
  • Street Name: Reed Avenue
  • Complex Features: BBQ, Gated Community, Laundry Facilities
  • Age Restrictions: N/K
  • Market Area: Coastal South
  • Elementary School: San Diego Unified School District
  • Middle School: San Diego Unified School District
  • High School: San Diego Unified School District
HOA and Fees
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Supplement
  • Supplement: 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.
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 3
  • Num of Units w/Cooling: 3
  • Cooling: Wall/Window Unit(s)
  • Heat Equipment: Wall/Gravity
  • Heat Source: Electric
Exterior Features
  • Exterior: Wood
  • Roof: Composition
  • Fencing: Full, Gate
  • Security: Gated Community
Property Information
Property and Assessments
  • Total Stories: 2
  • Entry Only: No
  • Lot Size: 1-3,999 SF
  • Lot Size Source: Assessor Record
  • Topography: Level
  • Site: Alley Access
  • Zoning: rm-1-1
  • Complex/Park: complex
  • Assessors Parcel Num: 424-202-19-00
Utilities
  • Water: Available
  • Sewer/Septic: Sewer Connected
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 2134
  • Parking Non-Garage Unit 1: Assigned, Uncovered
  • Unit 1 Num of Bedrooms: 2
  • Unit 1 Num of Total Baths: 1
  • Unit 1 Deposit: $0
  • Unit 1 Estimated SqFt: 824
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Occupied: Tenant
  • Unit 1 Prkng Garage Space: 0
  • Unit 1 Projected Rent: $3,800
  • Unit 1 Rent Actual: $3,156
Unit 2
  • Unit Num for Unit 2: 2136
  • Parking Non-Garage Unit 2: Assigned, Uncovered
  • Unit 2 Num of Bedrooms: 1
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Deposit: $0
  • Unit 2 Estimated SqFt: 500
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: Yes
  • Unit 2 Occupied: Tenant
  • Unit 2 Prkng Garage Space: 0
  • Unit 2 Projected Rent: $3,000
  • Unit 2 Rent Actual: $2,600
Unit 3
  • Unit Num for Unit 3: 2136.5
  • Unit 3 Num of Bedrooms: 1
  • Unit 3 Num of Total Baths: 1
  • Unit 3 Deposit: $0
  • Unit 3 Estimated SqFt: 500
  • Unit 3 Exclusive Use Yard: Yes
  • Unit 3 Laundry Hook Ups: Yes
  • Unit 3 Occupied: Tenant
  • Unit 3 Prkng Garage Space: 0
  • Unit 3 Projected Rent: $3,000
  • Unit 3 Rent Actual: $2,695
Unit 4
  • Unit 4 Num of Total Baths: 0
Building Details
  • Amenities: Assoc Barbecue, BBQ, Gated Community, Laundry Facilities
  • Heating: Electric

Property History for 2134 Reed Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2134 Reed Avenue

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Crown Point Jr Music Academy
PublicK to 5

Pacific Beach Middle School
Public6 to 8

Mission Bay High School
Public9 to 12

Barnard Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2134 Reed Avenue is a multi-family home for sale in San Diego, CA 92109. This property was listed for sale on November 6, 2024 by Marcus & Millichap, it's currently listed at $1,950,000. It has been on the market for a total of 14 days and was last sold on July 1, 2014. This listing's school district is San Diego Unified School District. Nearby schools include Crown Point Jr Music Academy, Pacific Beach Middle School and Mission Bay High School. 2134 Reed Avenue is a 4-bed, 3-bath, 1,824 sqft multi-family home built in 1947.

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Listing Courtesy of Marcus & Millichap, Conor M Brennan, DRE #01918598

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