Homes for sale - 1150 Reed Ave., San Diego, CA 92109

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Bradford King

bradford.king@exprealty.com +1(909) 633-4559

$ 2,125,000

Est. payment | -/mo

6,246 Sqft Lot

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$ 2,125,000

Est. payment | -/mo

Save Virtual Tour

6,246 Sqft Lot

Key Details

Property Type Single Family Home

Listing Status Pending

Purchase Type For Sale

Subdivision Pacific Beach

MLS Listing ID 250034227SD

HOA Y/N No

Year Built 1947

Lot Size 6,246 Sqft

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 92109 - Pacific Beach

Building/Complex Name NA

Interior

Heating Natural Gas

Cooling None

Fireplace No

Appliance Gas Water Heater, Tankless Water Heater

Exterior

Fence Partial

View Y/N No

Roof Type Composition

Building

Story 1

Entry Level One

Level or Stories One

Others

Senior Community No

Tax ID 4231521500

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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

Listed by Joseph Burrough Palma Commercial

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 633-4559

bradford.king@exprealty.com

P.O. Box 6102

1150 Reed Ave. San Diego, CA 92109