928-932 Reed Ave

San Diego, CA 92109

$2,250,000
Last Sold Price
2
Beds
5
Baths
2,250 Sq. Ft.
$1,000 / Sq. Ft.
2,250
Sq. Ft.
$1,000
per Sq. Ft.
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Sold 5/1/23
Sold 5/1/23

Description

928-932 Reed Ave is a desirable 5 unit complex on a 6,247 sq ft Lot in Pacific Beach within 3 blocks of the Beach and Bay. Four Studio/ 1 Bath (336 sq ft) , One 2 Bed/ 1 Bath (780 sq ft), and an oversized 4 car garage that is rented separately (1100 sq ft). Rents are under market with a current monthly income of $8,840. Most units are month-month or have less than 1 year on the current lease. Kitchen and bath in most units have been updated in the last 5 years. Please do not disturb tenants. Shown...928-932 Reed Ave is a desirable 5 unit complex on a 6,247 sq ft Lot in Pacific Beach within 3 blocks of the Beach and Bay. Four Studio/ 1 Bath (336 sq ft) , One 2 Bed/ 1 Bath (780 sq ft), and an oversized 4 car garage that is rented separately (1100 sq ft). Rents are under market with a current monthly income of $8,840. Most units are month-month or have less than 1 year on the current lease. Kitchen and bath in most units have been updated in the last 5 years. Please do not disturb tenants. Shown with an accepted offer. Adjacent parcel at 922-926 Reed Ave is also listed for sale.
  1. Listed by Jeff Horvitz • DRE #01318867 • Pacific R.E.Services, Inc
    P: (619)-823-1335 jeffhorvitz@gmail.com
  2. Listed by Shannon Mahoney • DRE #01961135 • Brokerage DRE #01317331 • Berkshire Hathaway HomeServices California Properties
    P: (858)-414-6305 C: (858)-414-6305 shannonmahoney.properties@gmail.com

Property Details for 928-932 Reed Avenue

Standard Status
Closed
LISTING UPDATED: 03/03/2025 03:55 PM

Property Details for 928-932 Reed Avenue

StatusSold
MLS #230004326
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeCommercial-Res Income / Com-Res Income
Year Built-
Lot Size-
CountySan Diego County
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Location

Listing Courtesy of Pacific R.E.Services, Inc, Jeff Horvitz, DRE #01318867; Berkshire Hathaway HomeServices California Properties, Shannon Mahoney, DRE #01961135

Sold By eXp Realty of California, Inc., Monroe Herington, DRE #01930053

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Building Information for 928-932 Reed Avenue

Stories1Residences5Year Built-Building Size-Lot Size-

Payment Calculator

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$12,354 per month

30 year fixed, 6.46% Interest

Principal and Interest

$11,330

Property Taxes

$1,024

HOA Dues

$0

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Property Information for 928-932 Reed Avenue

Summary
Location and General Information
  • Coordinates: -117.251893, 32.793589
  • Latitude: 32.793589
  • Longitude: -117.251893
  • MLS Area Major: Coastal South
Property
Lot Information
  • Building Area Total: 2250.0
  • Building Area Units: Sqft
  • Living Area: 2250
  • Living Area Units: Sqft
  • Lot Size Area: 0.0
  • Lot Size Units: Acres
  • Lot Size:
Property and Assessments
  • Property Sub Type: Com-Res Income
  • Property Type: Residential Income
  • Year Built: 0
  • Assumable Finance: 0.0
Interior and Exterior Features
Exterior Features
  • Number Of Buildings: 1
Interior Features
  • Bathrooms Half: 0
  • Stories: 1
  • Bedrooms Count: 2
  • Baths Total: 5.0
Multi Family
Income & Expenses
  • Operating Expense: $42,633
  • Gross Scheduled Income: $106,080
Multi Family Information
  • Unit Rent1: 2100.00
  • Unit Rent2: 1500.00
  • Unit Rent3: 1290.00
  • Unit Rent4: 1550.00
  • Unit Rent5: 1400.00
  • Unit Rent6: 1000.00
  • Num of Units1: 1
  • Num of Units2: 1
  • Num of Units3: 1
  • Num of Units4: 1
  • Num of Units5: 1
  • Num of Units6: 0
  • Unit Rent Total1: $2,100
  • Unit Rent Total2: $1,500
  • Unit Rent Total3: $1,290
  • Unit Rent Total4: $1,550
  • Unit Rent Total5: $1,400
  • Unit Rent Total6: $1,000
  • Number Of Units Total: 5
Rental
Rent Information
  • Num of Leased Apartments: 5

Property History for 928-932 Reed Avenue

DateEvent & SourcePriceAppreciation
May 1, 2023

Sold

SDMLS #230004326

$2,250,000—
Mar 18, 2023

Pending

SDMLS #230004326

—
Mar 7, 2023

Expired

SDMLS #230003556

$2,995,000—
DateEvent & SourcePrice
05/01/2023

Sold

SDMLS #230004326

$2,250,000
03/18/2023

Pending

SDMLS #230004326

—
03/07/2023

Expired

SDMLS #230003556

$2,995,000

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

Public Records for 928-932 Reed Avenue

Taxable ValueLand$732,168Additions$263,578Total$995,746
Tax Record2020$12,287 ($1,024 / month)
Home Facts
Total Finished SqFt2,250 SqFtAbove Grade Finished SqFt2,250 SqFtLot Size6,250 SqFtStyleMulti-Family Res (5+ Units)Year Renovated1953ZoningR3CountySAN DIEGOAPN4231232000

Schools near 928-932 Reed Avenue

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Crown Point Jr Music Academy
Public - K to 5
Pacific Beach Middle School
Public - 6 to 8
Mission Bay High School
Public - 9 to 12
Barnard Elementary School
Public - K to 5
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 5

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.

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Listing Courtesy of Pacific R.E.Services, Inc, Jeff Horvitz, DRE #01318867; Berkshire Hathaway HomeServices California Properties, Shannon Mahoney, DRE #01961135

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