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.
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
Wed
10
Sep
Thu
11
Sep
Fri
12
Sep
Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353
$2,125,000
Est. payment /mo
4 Beds
4 Baths
Save Virtual Tour

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

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

MORTGAGE CALCULATOR

The rate, insurance and terms in the calculator are placeholders and should be adjusted to reflect current market and legislative changes.  
$
$
%
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.

Go tour this home

1150 Reed Ave.