2134 Reed Avenue Active Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92109
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 824 sqft
Price per Sqft $2,366
Subdivision Pacific Beach
MLS Listing ID 240026191
Bedrooms 4
Full Baths 3
Year Built 1947
Lot Size 3,129 Sqft
Type of Financing Cash,Conventional,FHA
Property 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 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.
Location
State CA
County San Diego
Community Pacific Beach
Area Pacific Beach (92109)
Building/Complex Name complex
Zoning rm-1-1
Interior
Heating Electric
Cooling Wall/Window
Exterior
Exterior Feature Wood
Fence Full,Gate
Community Features BBQ,Gated Community,Laundry Facilities
Complex Features BBQ,Gated Community,Laundry Facilities
View Bay,Ocean
Roof Type Composition
Complex Features BBQ,Gated Community,Laundry Facilities
Building
Lot Description Alley Access
Story 2
Sewer Sewer Connected
Water Available
Schools
Elementary Schools San Diego Unified School District
Middle Schools San Diego Unified School District
High Schools San Diego Unified School District
Others
Acceptable Financing Cash,Conventional,FHA
Space Rent $3,156
Listing Terms Cash,Conventional,FHA