Properties

San Diego, CA 92109 2134 Reed Avenue

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Presented By: Conor Brennan with Conor Brennan, Broker;
  • MLS# 250028053SD
  • 05/20/2025
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  • Baths • 1

Home Details

Back to market with two new roofs and new front house foundation! All major systems updated and 2 rear units fully rehabbed to highest end finishes. 2134 Reed Avenue is a renovated triplex with value-add potential just two blocks to the bay in the highly popular Pacific Beach neighborhood of San Diego, California. Major upgrades have been made to the complex in the last two years including 2 completely renovated rear 1-bedroom / 1-bath units (approximately 500 SF) and a partially upgraded 2-bedroom cottage (approximately 824 SF). Fences were just completely rebuilt. Units have received upgraded power, individual washer /dryers and all new kitchens and baths in the rear units. Built in 1947 and restored in 2022, this triplex features prime walkability to the bay, beach, and popular Garnet Avenue shops, stores, restaurants and entertainment. This is an ideal investment for the location-prioritized investor, owner/user, ADU builder, or investor seeking strong cash flow for the price. Pacific Beach presents a unique opportunity due to its prime coastal location, popular restaurants and stores, and vibrant community atmosphere. The area is known for its beautiful beaches, active lifestyle, and a strong tourism market, attracting both locals and visitors year-round. This consistent influx of people creates a robust demand for various investment properties, including multifamily, retail, restaurants, and hospitality, making it a lucrative environment for investment. Additionally, Pacific Beach has seen significant development and revitalization efforts, enhancing its appeal and driving property values upward. Moreover, the strong rental market in Pacific Beach provides investors with the potential for stable cash flow and long term appreciation. The areaโ€™s demographics, characterized by a mix of young professionals, college students, families, and retirees, support a diverse range of commercial opportunities. With favorable zoning regulations and a supportive local government focused on sustainable development, investors can benefit from a proactive environment for growth. The combination of a thriving economy, desirable lifestyle, and limited available space makes Pacific Beach a compelling choice for anyone looking to invest in the area.
Presented By: Conor Brennan with Conor Brennan, Broker;

Interior Features for 2134 Reed Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Heating Y/NYes
Total Stories2

General for 2134 Reed Avenue

AppliancesGas Water Heater
Cap Rate3.32
CitySan Diego
Community FeaturesGated
CoolingWall/Window Unit(s)
CountySan Diego
DirectionsCrossStreet: reed and noyes
HOA Fee$
HeatingElectric
LevelsTwo
Listing TermsConventional
Lot Size Square Feet3129
Lot Size UnitsSquare Feet
MLS Area92109 - Pacific Beach
Net Operating Income62832
Number Of Units Total3
PostalCitySAN DIEGO
Property TypeResidential Income
RoofComposition
Security FeaturesGated Community
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories Count2
Subdivision NamePacific Beach
Tenant PaysElectricity, Gas, Water
ViewBay
Virtual TourClick here
Year Built1947

Exterior for 2134 Reed Avenue

Lot Size Acres0.0718
Lot Size Area3129
Lot Size SourceAssessor
Number of Buildings2
Park Namecomplex
SpaNo
Total Parking1

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,890,000
MLS#250028053SD
List Date 05/20/2025
Property Type Multi-Family
Phone 888.795.6274
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