2138-2140 Reed Ave

1,704 Sq. Ft.
$1,173 / Sq. Ft.
1,704
Sq. Ft.
$1,173
per Sq. Ft.

Description

Opportunity is the name of the game with this remodeled two-unit property in the heart of Pacific Beach. The front unit is a recently remodeled 3-bedroom, 2-bath home featuring open-concept living on the main level with a full bath and laundry. Upstairs, you’ll find all three bedrooms and a second full bath, including a primary suite with bay, SeaWorld, and downtown views plus a private deck to enjoy ocean breezes and sunsets. The rear unit is a charming 2-bedroom, 1-bath bungalow full of classic...Opportunity is the name of the game with this remodeled two-unit property in the heart of Pacific Beach. The front unit is a recently remodeled 3-bedroom, 2-bath home featuring open-concept living on the main level with a full bath and laundry. Upstairs, you’ll find all three bedrooms and a second full bath, including a primary suite with bay, SeaWorld, and downtown views plus a private deck to enjoy ocean breezes and sunsets. The rear unit is a charming 2-bedroom, 1-bath bungalow full of classic PB character, complete with an inviting front porch and a back patio perfect for relaxing or storing surfboards and bikes. Both units are equipped with mini-split systems, and the property offers ample parking with three off-street spaces. Ideally located within walking distance to Mission Bay, Kendall-Frost Preserve, Crown Point Park, and Mission Bay Golf Course, plus a short stroll to Campland for live music, food, boating, and summer fun. Whether you’re seeking an investment, second home, or an owner-occupant opportunity with rental income at the beach, this property truly checks all the boxes.

Listing Agents

  1. Scott Booth

    Scott Booth

    Listing Agent

    Compass

    DRE #01397371

    scott.booth@compass.com

    P: (858)-775-0280

  2. Nicole Christensen

    Nicole Christensen

    Alternative Listing Agent

    Compass

    DRE #01971016

Property Details for 2138-2140 Reed Avenue

Neighborhood
Pacific Beach
Community
PACIFIC BEACH
Area Zip
San Diego (92109)
Standard Status
Active

Open Houses

Sunday, Feb 1st

2:00 PM - 5:00 PM

Public

LISTING UPDATED: 01/30/2026 02:10 PM

Property Details for 2138-2140 Reed Avenue

StatusActive
MLS #260002133
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.07 AC / 3,066 SF
CountySan Diego County

Location

Listing Courtesy of Compass, Scott Booth, DRE #01397371; Compass, Nicole Christensen, DRE #01971016
Add your commute

Building Information for 2138-2140 Reed Avenue

Stories-Residences2Year Built1960Building Size-Lot Size0.07 AC / 3,066 SF

Payment Calculator

$9,743 per month

30 year fixed, 6.15% Interest

Principal and Interest

$9,743

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2138-2140 Reed Avenue

Summary
Location and General Information
  • Coordinates: -117.229721, 32.798394
  • Latitude: 32.798394
  • Longitude: -117.229721
  • Directions: CrossStreet: Noyes
  • MLS Area Major: Coastal South
  • Building Name: n/a
Taxes and HOA
  • Other Fees: $0
  • CFD Mello Roos Fee: $0
  • Monthly Total Fees: $0
Property
Lot Information
  • Building Area Total: 1704.0
  • Building Area Units: Sqft
  • Living Area: 0
  • Living Area Units: Sqft
  • Lot Size Area: 0.07
  • Lot Size Square Feet: 3066.0
  • Lot Size Units: Acres
  • Lot Size: 1-3,999 SF
Property and Assessments
  • Parcel Number: 424-202-18-00
  • Property Sub Type: Res Income 2-4 Units
  • Property Type: Residential Income
  • Age Restrictions: N/K
  • Year Built: 1960
Utilities
  • Heat Source: Electric
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco
  • Fencing: Full
  • Roof: Composition
  • Security Features: N/K
  • Number Of Buildings: 2
Interior Features
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Cooling: Zoned Area(s)
  • Heating: Zoned Areas
  • Levels: Other/Remarks
  • Bedrooms Count: 5
  • Baths Total: 3.0
Multi Family
Income & Expenses
  • Operating Expense: $1
  • Gross Rent Multiplier Act: 0
  • Other Income Actual: $1
  • Gross Scheduled Income: $130,000
Multi Family Information
  • Unit Numfor Unit1: 2138
  • Unit Numfor Unit2: 2140
  • Num Units w Cooling: 2
  • Number Of Units Total: 2
Rental
Rent Information
  • Tenant Pays: Other/Remarks

Property History for 2138-2140 Reed Avenue

DateEvent & SourcePriceAppreciation
Jan 28, 2026

Listed (Active)

SDMLS #260002133

$1,999,000
Jan 28, 2026

Listed (Active)

CRMLS #260002133SD

$1,999,000
Oct 24, 2022

Sold

SDMLS #220011778

$1,314,000
Oct 24, 2022

Sold

CRMLS #220011778SD

$1,314,000
Jun 10, 2022

Pending

SDMLS #220011778

May 31, 2022

Pending

CRMLS #220011778SD

May 13, 2022

Listed (Active)

CRMLS #220011778SD

$1,375,000
May 13, 2022

Listed (Active)

SDMLS #220011778

$1,375,000
DateEvent & SourcePrice
01/28/2026

Listed (Active)

SDMLS #260002133

$1,999,000
01/28/2026

Listed (Active)

CRMLS #260002133SD

$1,999,000
10/24/2022

Sold

SDMLS #220011778

$1,314,000
10/24/2022

Sold

CRMLS #220011778SD

$1,314,000
06/10/2022

Pending

SDMLS #220011778

05/31/2022

Pending

CRMLS #220011778SD

05/13/2022

Listed (Active)

CRMLS #220011778SD

$1,375,000
05/13/2022

Listed (Active)

SDMLS #220011778

$1,375,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2138-2140 Reed Avenue

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Crown Point Jr Music Academy
PublicK to 5

Pacific Beach Middle School
Public6 to 8

Mission Bay High School
Public9 to 12

Barnard Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

2138-2140 Reed Avenue is a multi-family home for sale in San Diego, CA 92109. This property was listed for sale on January 28, 2026 by Compass, it's currently listed at $1,999,000. It has been on the market for a total of 2 days and was last sold on October 24, 2022. This listing's school district is San Diego Unified School District. Nearby schools include Crown Point Jr Music Academy, Pacific Beach Middle School and Mission Bay High School. 2138-2140 Reed Avenue is a 5-bed, 3-bath, 1,704 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Scott Booth, DRE #01397371; Compass, Nicole Christensen, DRE #01971016

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