Exceptional opportunity to acquire 4 turn-key units on a quiet residential street in the highly sought after Sail Bay community of Pacific Beach. A short walking distance to the bay, this property is ideal for long-term investment. The complex is comprised of two buildings. The front building is a 2Bed/2Bath detached house. The back building is two stories: lower level consists of one 2Bed/2Bath unit. The upper level consists of two 2Bed/2Bath units and a large outdoor patio space. Current 5.04% cap rate. The property has been extensively remodeled and features spacious layouts, on-site laundry room, washer/dryer in front house, granite counters, hardwood/tiled/vinyl floors, four single-car garages and a tandem driveway. Please do not disturb tenants or walk the property.
Sold for $2,850,000
$2,850,000
1536-38 Reed Ave, San Diego, CA 92109
8beds
--sqft
Multi Family
Built in 1984
-- sqft lot
$2,865,200 Zestimate®
$--/sqft
$4,364 Estimated rent
Home value
$2,865,200
$2.61M - $3.12M
$4,364/mo
Zestimate® history
Owner options
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$18,451/mo
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Zillow last checked:
Listing updated:
Listed by:
Anni Grimes DRE #01301792 619-261-1472,
Coldwell Banker Realty
Bought with:
Anni Grimes, DRE #01301792
Coldwell Banker Realty
Source: SDMLS,MLS#: 240023378
Originating MLS: San Diego Association of REALTOR
Originating MLS: San Diego Association of REALTORFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Forced Air Unit, Wall/Gravity
Cooling
- N/K
Interior area
- Total structure area: 0
Property
Features
- Levels: 2 Story
- Fencing: Partial
Details
- Parcel number: 4231931300
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other/Remarks
- Roof: Other/Remarks
Condition
- Year built: 1984
Community & neighborhood
Security
- Security features: N/K
Community
- Community features: Laundry Facilities
Location
- Region: San Diego
- Subdivision: PACIFIC BEACH
Other
Other facts
- Listing terms: Other/Remarks
Price history
| Date | Event | Price |
|---|---|---|
| 1/17/2025 | Sold | $2,850,000+50% |
Source:  SDMLS #240023378 Report a problem | ||
| 7/15/2020 | Sold | $1,900,000-5% |
Source: SDMLS #200006993 Report a problem | ||
| 5/26/2020 | Pending sale | $1,999,000 |
Source: Apartment Consultants, Inc. #200006993 Report a problem | ||
| 5/6/2020 | Listed for sale | $1,999,000 |
Source: Apartment Consultants, Inc. #200006993 Report a problem | ||
| 4/13/2020 | Pending sale | $1,999,000 |
Source: Apartment Consultants, Inc. #200006993 Report a problem | ||
| 4/13/2020 | Listed for sale | $1,999,000 |
Source: Apartment Consultants, Inc. #200006993 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $26,305 +6% | $2,056,619 +2% |
| 2024 | $24,808 +2.3% | $2,016,294 +2% |
| 2023 | $24,261 +2.7% | $1,976,760 +2% |
| 2022 | $23,615 +0.7% | $1,938,000 +2% |
| 2021 | $23,454 +125.1% | $1,900,000 +125.2% |
| 2020 | $10,420 +2.2% | $843,850 +2% |
| 2019 | $10,192 +6.5% | $827,305 +2% |
| 2018 | $9,568 +2.4% | $811,084 +2% |
| 2017 | $9,340 +1.6% | $795,181 +2% |
| 2016 | $9,190 +1.5% | $779,590 +1.5% |
| 2015 | $9,055 +1.6% | $767,881 +2% |
| 2014 | $8,913 | $752,840 +0.5% |
| 2013 | -- | $749,439 +2% |
| 2012 | -- | $734,745 +2% |
| 2011 | -- | $720,339 +0.8% |
| 2010 | -- | $714,957 -0.2% |
| 2009 | -- | $716,657 +2% |
| 2008 | -- | $702,606 +2% |
| 2007 | -- | $688,830 +2% |
| 2006 | -- | $675,324 +2% |
| 2005 | -- | $662,083 +2% |
| 2004 | -- | $649,102 +1.9% |
| 2003 | -- | $637,207 +2% |
| 2002 | -- | $624,713 +2% |
| 2001 | -- | $612,465 |
Find assessor info on the county website
Neighborhood: Pacific Beach
Nearby schools
GreatSchools rating
- 5/10Crown Point Jr Music AcademyGrades: K-5Distance: 0.2 mi
- 10/10Pacific Beach Middle SchoolGrades: 6-8Distance: 0.4 mi
- 9/10Mission Bay High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$2,865,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,865,200
- California
- San Diego County
- San Diego
- 92109
- Pacific Beach
- 1536-38 Reed Ave
Nearby cities
Nearby neighborhoods
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