1150 Reed Ave., San Diego, CA 92109

Local realty services provided by:ERA North Orange County Real Estate
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1150 Reed Ave.,San Diego, CA 92109
$2,125,000
Virtual Tour
  • 4 Beds
  • 4 Baths
  • 1,848 sq. ft.
  • Multi-family
  • Pending
Listed by:joseph a burrough
Office:palma commercial
MLS#:250034227
Source:SANDICOR

Price summary

  • Price:$2,125,000
  • Price per sq. ft.:$1,149.89

About this home

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

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Home facts

  • Year built:1947
  • Listing Id #:250034227
  • Added:22 day(s) ago
  • Updated:August 17, 2025 at 07:33 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:1,848 sq. ft.

Heating and cooling

  • Heating:Wall/Gravity

Structure and exterior

  • Roof:Composition
  • Year built:1947
  • Building area:1,848 sq. ft.

Utilities

  • Water:Meter on Property
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,125,000
  • Price per sq. ft.:$1,149.89
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