Average square foot calculated using Size range provided by listing agent.
Description
5% DAY-ONE CAP RATE COASTAL 4-UNIT IN PACIFIC BEACH | $18, 895/MONTH INCOME 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.Show Description
MLS® Number250032628SD
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1957
Stories2
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatNatural Gas
A/CNone
Heating Fuel
Extras
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