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$1,899,000

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4 BD

3 BA

824 SqFt

Price Dropped by $51K

2134 Reed Avenue San Diego, CA 92109

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Kurt Wannebo

kurt@wanneboreg.com +1(858) 405-5878

UPDATED:

01/10/2025 10:55 PM

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 $2,304

Subdivision San Diego

MLS Listing ID 250000183

Bedrooms 4

Full Baths 3

HOA Y/N No

Year Built 1947

Lot Size 3,129 Sqft

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 San Diego

Area Pacific Beach (92109)

Building/Complex Name complex

Zoning rm-1-1

Interior

Heating Electric, Natural Gas

Cooling Wall/Window

Appliance Wall/Gravity

Exterior

Exterior Feature Wood

Parking Features Unit1:N/K Unit2:N/K Unit3:N/K

Fence Full

Community Features BBQ, Gated Community

Complex Features BBQ, Gated Community

View Bay

Roof Type Composition

Building

Lot Description Alley Access, Sidewalks

Story 2

Lot Size Range 1-3999 SF

Water Meter on Property

Level or Stories 2 Story

Others

Acceptable Financing Cash, Conventional, FHA

Space Rent $3,156

Listing Terms Cash, Conventional, FHA

Listed by Conor M Brennan • Marcus & Millichap

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Kurt Wannebo

Broker Associate | CA Dre# 01468255

+1(858) 405-5878

2134 Reed Avenue San Diego, CA 92109

Kurt Wannebo

Key Details

Location

Interior

Exterior

Building

Others

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2134 Reed Avenue