CA > San Diego > Pacific Beach
San Diego, CA 92109,1150 Reed Ave.
San Diego, CA 92109,1150 Reed Ave.
San Diego, CA 92109,1150 Reed Ave.
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$2,125,000
Est. payment /mo
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4 Beds
4 Baths
Pending

1150 Reed Ave. San Diego, CA 92109

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Richard Combs

Richard Combs

+1(619) 838-9307

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

Subdivision Pacific Beach

MLS Listing ID 250034227

Bedrooms 4

Full Baths 4

Year Built 1947

Property Sub-Type Res Income 2-4 Units

Property Description

It is a privilege to present for sale 1150-56 Reed Avenue in Pacific Beach! A very well-located four (4) unit property, held by the same family as its original developer for 80+ years! Comprised of all (4) one-bedroom/one-bathroom units (+/-462 SF each), spread across two single story duplexes with pitched roofs and a beachy cottage vibe. Each unit has its own yard or dedicated patio area, and there are four (4) surface off-street parking spaces at the alley. Managed from afar for quite some time, it seems there is upside in operating performance either by way of: 1) a future redevelopment of 3-story structures that would max out rentable building area in this highly coveted location, allowing for much more income once complete and rented as a modern coastal product; 2) modernizing existing units to a degree sufficient to justify higher rents in-line with updated product in the immediate area; or 3) via modernization of existing units and operating (some or all) as short term rental units after any turnovers may occur. Tenants love being within walking distance to the beach (+/-4.5 blocks), Sail Bay (+/-3 blocks), plus dining/nightlife and recreation options abound. Don't miss this opportunity to acquire an underdeveloped lot in such a prized coastal location, with ability to increase current revenue at the current units, while working towards a longer term plan geared towards maxing out density and building square footage eventually.

Location

State CA

County San Diego

Area Coastal South

Interior

Heating Wall/Gravity

Fireplace No

Exterior

Fence Partial

Utilities Available Sewer Connected

View Y/N No

Water Access Desc Meter on Property

Roof Type Composition

Building

Story 1

Water Meter on Property

Level or Stories 1

Others

Tax ID 423-152-15-00

Virtual Tour https://www.propertypanorama.com/instaview/snd/250034227

MLS Router / San Diego MLS
Listed by Joseph A Burrough Palma Commercial

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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1150 Reed Ave.

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