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For sale
  • Price cut: $130K (10/26)
    $3,095,000

    1141-47 Reed Ave, San Diego, CA 92109

    9beds
    --sqft
    : 
    $20,024/mo
    Get pre-qualified
    Multi Family
    Built in 1979
    -- sqft lot
    $2,923,800 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Private balconyWhite shaker-style cabinetryGreat parking situationRooftop deckNewer kitchen cabinetsUpdated kitchen and bathroomsSmall lawn areas
    It is a pleasure to present for sale 1141-47 Reed Avenue, a phenomenally well-located four-unit property in Pacific Beach, steps from Sail Bay (2.2 blocks), the beach (4.4 blocks), and more recreation options than one could ever tire of. Comprised of: two (2) 2br/1ba units; one (1) 2br/2ba unit; and one (1) 3br/2ba 'owner's' unit with rooftop deck, there are ten total off-street parking spaces, including a 2-car garage and eight (8) surface spaces. All units have either in-unit laundry or washer/dryer hookups, as well as an exclusive use patio/balcony or yard. The front duplex (1145-47 Reed Ave.) features a spacious 3-bedroom/2-bathroom unit on top (1147), boasting vaulted ceilings with high windows and skylights for good natural light, a rooftop deck and private balcony, plus a large master bedroom with double-sided fireplace, a bonus room, and an en-suite bathroom with jacuzzi tub. This unit is ripe with upside potential via a full modernization. Below is a 2-bedroom/2-bathroom unit (1145) with updated kitchen and bathrooms, including white shaker-style cabinetry, granite countertops, stainless steel oven/range, micro-hood, and white dishwasher, with tile flooring throughout (carpeted bedrooms), and radiant heat. Adjacent to unit 1145 is a 2-car garage, with two (2) surface off-street parking spaces in front of it. The rear duplex (1141-43 Reed Ave.) has two (2) 2-bedroom/1-bathroom units, with stacked washer/dryer upstairs and washer/dryer hookups downstairs, vinyl plank flooring, newer kitchen cabinets, et al. The roof of this building was just replaced. Residents at 1141-47 Reed Avenue enjoy great proximity to fun in the sand and surf, as well as a charming setting with private outdoor areas at each unit, some small lawn areas and tasteful landscaping throughout, its two large storage sheds plus two private bike and board outdoor storage areas, and a great parking situation. The front building (built in/around 1979) is of wood frame construction upon a concrete on grade foundation, and features a partial pitched roof with composition shingles, and wood siding, while the rear building (built in/around the 1950s or 60s), also on a concrete slab foundation with a pitched (hip) roof and composition shingles, has stucco for its exterior siding. All units are separately metered for gas and electricity, and the property is on city trash/recycling.
    30 days
    431
    35

    Zillow last checked:

    Listing updated:

    Listed by:

    Joseph A Burrough DRE #02014504 858-352-6472,

    Palma Commercial

    Source: SDMLS,MLS#: 260024035MLS LogoOriginating MLS: SDMLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 6
      • Full bathrooms: 6
      Heating
      • Combination Heating, Wall/Gravity
      Cooling
      • Other/Remarks
      Interior area
      • Total structure area: 3,968
      Video & virtual tour

      Property

      Features
      • Levels: 2 Story
      • Fencing: Partial
      Details
      • Parcel number: 4232510700

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Stucco, Wood
      • Roof: Composition
      Condition
      • Year built: 1979

      Utilities & green energy

      • Water: Meter on Property
      • Utilities for property: Sewer Connected

      Community & HOA

      Community
      • Security: N/K
      • Subdivision: PACIFIC BEACH
      Location
      • Region: San Diego

      Financial & listing details

      • Tax assessed value: $1,555,079
      • Date on market: 10/2/2026
      • Listing terms: Cash,Conventional
      • Tenant pays: Electricity, Gas/Propane

        Estimated market value

        $2,923,800

        $2.78M - $3.07M

        Not available

        Price history

        DateEventPrice
        10/26/2026Price change$3,095,000-4%
        Source: SDMLS #260024035 Report a problem
        10/2/2026Listed for sale$3,225,000-10.3%
        Source: SDMLS #260024035 Report a problem
        12/21/2025Listing removed$3,595,000
        Source: SDMLS #250044037 Report a problem
        11/14/2025Listed for sale$3,595,000+202.1%
        Source: SDMLS #250044037 Report a problem
        3/4/2011Sold$1,190,000-6.7%
        Source: Public Record Report a problem
        5/30/2003Sold$1,275,000+94.1%
        Source: Public Record Report a problem
        3/23/1999Sold$657,000+30.6%
        Source: Public Record Report a problem
        7/1/1994Sold$503,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026-- $1,555,079 +2%
        2025$19,649 +6.8%$1,524,588 +2%
        2024$18,403 +2.3%$1,494,695 +2%
        2023$17,996 +2.7%$1,465,388 +2%
        2022$17,517 +0.7%$1,436,656 +2%
        2021$17,397 +1.2%$1,408,487 +1%
        2020$17,186 +2.1%$1,394,046 +2%
        2019$16,838 +6.7%$1,366,713 +2%
        2018$15,780 +2.4%$1,339,916 +2%
        2017$15,405 +1.6%$1,313,644 +2%
        2016$15,159 +1.5%$1,287,888 +1.5%
        2015$14,935 +1.6%$1,268,544 +2%
        2014$14,700 $1,243,696 +0.5%
        2013-- $1,238,076 +2%
        2012-- $1,213,800 -15.8%
        2011-- $1,441,352 +0.8%
        2010-- $1,430,581 -0.2%
        2009-- $1,433,980 +2%
        2008-- $1,405,864 +2%
        2007-- $1,378,299 +2%
        2006-- $1,351,274 +2%
        2005-- $1,324,779 +2%
        2004-- $1,298,804 +82.6%
        2003-- $711,156 +2%
        2002-- $697,212 +2%
        2001-- $683,542
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Pacific Beach

        Getting around

        89 / 100
        Very Walkable
        44 / 100
        Some Transit
        72 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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