2138 Reed Ave

3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
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, youll 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, youll 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 youre 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 Reed Avenue

Cross Streets
Noyes
Area
Other (LCOTH)
Lot Size Area
3066
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
424-202-18-00
LISTING UPDATED: 01/30/2026 02:26 PM

Property Details for 2138 Reed Avenue

StatusActive
MLS #260002133SD
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 Reed Avenue

Stories-Residences-Year 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 Reed Avenue

Community / Development
Community / Development
  • Complex Name: n/a
  • Number Of Units: 2
  • Builders Tract Name: Pacific Beach
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 0
  • View: No
  • Security Features: None
Contract Info
Contract Info
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $1.00
  • Gross Scheduled Income: $130,000
  • Cap Rate: .00%
  • Gross Rent Multiplier: $.00
  • Other Income1: $1.00
  • Total Annual Expense: 1
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Lot Acreage: 0.07
Interior Features
Interior Features
  • Levels: Other
  • Cooling: Zoned Area(s)
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Full
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional
  • Tenant Pays: Other
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Rent: $7,031.00
  • Unit Actual Rent: $7,031.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $3,800.00
  • Unit Actual Rent: $3,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 2138 Reed Avenue

DateEvent & SourcePriceAppreciation
Jan 28, 2026

Listed (Active)

CLAW #260002133SD

$1,999,000
Oct 23, 2022

Sold

CLAW #220011778SD

$1,314,000
Jun 9, 2022

Pending

CLAW #220011778SD

Jun 6, 2022

Price Change

CLAW #220011778SD

$1,350,000
Jun 5, 2022

Listed (Active)

CLAW #220011778SD

May 31, 2022

Pending

CLAW #220011778SD

May 12, 2022

Listed (Active)

CLAW #220011778SD

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

Listed (Active)

CLAW #260002133SD

$1,999,000
10/23/2022

Sold

CLAW #220011778SD

$1,314,000
06/09/2022

Pending

CLAW #220011778SD

06/06/2022

Price Change

CLAW #220011778SD

$1,350,000
06/05/2022

Listed (Active)

CLAW #220011778SD

05/31/2022

Pending

CLAW #220011778SD

05/12/2022

Listed (Active)

CLAW #220011778SD

$1,375,000

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

Schools near 2138 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 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 23, 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 Reed Avenue is a 5-bed, 3-bath, 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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