Property Details
About this Property
5% DAY-ONE CAP RATE COASTAL 4-UNIT IN PACIFIC BEACH | $18,895/MONTH INCOME. IN PLACE LEASES 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 un
MLS Listing Information
MLS #
SD250032628
MLS Source
San Diego MLS
Days on Site
11
Interior Features
Cooling
Other
Heating
Gas - Natural
Exterior Features
Roof
Composition
Parking, School, and Other Information
Garage/Parking
Attached Garage, Garage: Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 900 | 3 | 2/0 | $4,995 |
| 2 | 770 | 2 | 1/0 | $4,750 |
| 3 | 770 | 2 | 1/0 | $4,750 |
| 4 | 770 | 2 | 1/0 | $4,400 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2073-79 Reed Ave is a Residential Income in San Diego, CA 92109. This – square foot property sits on a 6,254 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,099,000 and was built in 1957. This address can also be written as 2073-79 Reed Ave, San Diego, CA 92109.
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This listing information is up-to-date as of July 11, 2025. For the most current information, please contact Joey Belcastro, (513) 600-7498
