Sold for $2,250,000

Listing Provided by: Lily Field Realty

Bought with: NONMEMBER MRML

$2,250,000

79-2073 Reed Ave, San Diego, CA 92109

9beds

4baths

3,215sqft

Multi Family

Built in 1957

-- sqft lot

$2,313,500 Zestimate^®

$700/sqft

$3,566 Estimated rent

Home value

$2,313,500

$2.04M - $2.66M

$3,566/mo

Zestimate^® history

Owner options

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$3,566/mo

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$3,566/mo

Rent Zestimate^®

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$14,171/mo

Est. payment

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$14,171/mo

Est. payment

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What's special

Pacific Beach gem! Awesome cash flow opportunity awaits. First time on market in over 40 years! This large 4 unit property close to the bay is situated on a rare corner lot with 4 garages! Excellent unit mix with 1 three bedroom unit above the garages that features a balcony with views, and 3 two bedroom units on the ground level, each with outdoor yard space. This would make an excellent long term, mid-term, or short term rental property. As of this listing, San Diego still has over 600 Tier 3 Short-Term Residential Occupancy (STRO) permits available! Laundry room with coin-operated machines provides additional revenue opportunity.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 4

Appliances

Laundry: Common Area

Features

Flooring: Wood
Has fireplace: No
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 3,215
Total interior livable area: 3,215 sqft

Property

Parking

Total spaces: 4
Parking features: Garage
Garage spaces: 4

Features

Levels: Two
Stories: 2
Entry location: Street
Pool features: None

Lot

Size: 6,251 sqft
Features: Corner Lot, Front Yard, Lawn, Landscaped, Level, Near Park, Near Public Transit, Rectangular Lot, Street Level, Walkstreet, Yard

Details

Parcel number: 4242611200
Zoning: RM-1-1
Special conditions: Trust

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1957

Utilities & green energy

Sewer: Public Sewer
Utilities for property: Electricity Connected, Overhead Utilities

Community & neighborhood

Community

Community features: Biking, Preserve/Public Land, Storm Drain(s), Street Lights, Suburban, Sidewalks, Urban, Water Sports, Park

Location

Region: San Diego

Other

Other facts

Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange,FHA 203(k),FHA,Fannie Mae,Freddie Mac,Submit,VA Loan

Price history

Date	Event	Price
10/28/2024	Sold	$2,250,000-9.8%$700/sqft
Source: CRMLS #NDP2408423 Report a problem
9/30/2024	Pending sale	$2,495,000$776/sqft
Source: CRMLS #NDP2408423 Report a problem
9/20/2024	Listed for sale	$2,495,000$776/sqft
Source: CRMLS #NDP2408423 Report a problem