2073 Reed Avenue

San Diego CA 92109

3210 sq. ft.

Multi-Family

Last sold for $3,050,000

Joey Belcastro, last sold this property on 19 August 2025 after 83 days on market.

Overview

5% DAY-ONE CAP RATE COASTAL 4-UNIT IN PACIFIC BEACH | $18,895/MONTH INCOME. IN PLACE LEASES 2073-79 Reed Ave is a premier investment opportunity located just steps from Mission Bay on a prime corner lot in one of San Diego’s most sought-after coastal neighborhoods. This high-performing asset generates $18,895/month in current rents, offering investors a true 5% cap rate from day one—a rare find in a beachside location. The property features an ideal unit mix of (1) 3BR/2BA and (3) 2BR/1BA units, each tastefully renovated with modern finishes and strong tenant appeal. Significant capital improvements include a new roof, updated electrical systems, foundation upgrades, and full replacement of all visible cast iron plumbing. Four deep garages present the potential for ADU conversions or increased rental income. Situated in a quiet, upscale pocket of Pacific Beach, just a few blocks from the ocean, this offering is perfect for investors, owner-users, or Airbnb operators seeking long-term growth, income, and unbeatable location.

Features

9 bedrooms

5 bathrooms

3210 sq. ft. floor area

Multi-Family

Estimated Value

We need at least 3 similar 9 bedroom multi families sold in San Diego over the last 12 months.

Property history for 2073 Reed Avenue

2025

Sold

$3,050,000

19 Aug 2025 by Joey Belcastro, of Keller Williams Realty

2024

Sold

$2,250,000

28 Oct 2024 by Trevor Smith, of Engel & Volkers Carlsbad

Happy sellers in San Diego

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