934 Reed Avenue

San Diego, CA 92109

$2,350,000
Last Sold Price
3
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Single family house plus duplex in very desirable Pacific Beach location. House is two bed/1 bath with private yard. Duplex is one bed/one bath above a studio unit. Enough parking on the property for all units. Great rental property, low maintenance, and no HOA. In Addition Development Plans for two single family homes with detached companion units on two separate lots! Project is already through full coastal APPROVAL and the architect indicates permits will be ready in 50 days or less. Each single...Single family house plus duplex in very desirable Pacific Beach location. House is two bed/1 bath with private yard. Duplex is one bed/one bath above a studio unit. Enough parking on the property for all units. Great rental property, low maintenance, and no HOA. In Addition Development Plans for two single family homes with detached companion units on two separate lots! Project is already through full coastal APPROVAL and the architect indicates permits will be ready in 50 days or less. Each single family house is 2195sqft, 4 bed/3.5 bath plus 3rd story penthouse and rooftop deck. Each ADU is 795sqft, 2 bed/2 bath and both properties will have attached subterranean parking garages. Prime Pacific Beach location that is rarely available. Once these developments are complete they can bring in upwards of 28-30K monthly in rental income. Current property has tenants renting on a month-to-month basis. For additional property or development details please call the listing agent.
  1. Listed by Rob Linton • DRE #01301758 • Brokerage DRE #01022642 • eXp Realty of California, Inc.

Property Details for 934 Reed Avenue

Cross Streets
Bayard
Area
Pacific Beach (PAB)
Home owner Dues
$0
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
423-123-19-00
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LISTING UPDATED: 07/14/2023 03:15 PM

Property Details for 934 Reed Avenue

StatusSold
MLS #230009918SD
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size-
CountySan Diego County
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Building Information for 934 Reed Avenue

Stories2Residences-Year Built1950Building Size-Lot Size-

Payment Calculator

$12,825 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,825

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 934 Reed Avenue

Community / Development
Community / Development
  • Complex Name: N/A
  • Number Of Units: 3
  • Association Fees Include: N/K
  • Builders Tract Name: Pacific Beach
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: Yes
  • View Description: Other
  • Security Features: Other
  • Water: Meter on Property
  • Sewer: Sewer Connected
  • Water Heater Features: Gas
  • Water District: CITY OF SAN DIEGO
Contract Info
Contract Info
  • Financing: Conventional
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $8,000.00
  • Gross Scheduled Income: $73,788
  • Cap Rate: 3.00%
  • Gross Rent Multiplier: $33.80
  • Other Income1: $.00
  • Total Annual Expense: 8000
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Description: West of I-5
  • Lot Location: Alley Access, Other/Remarks
Parking Details
Parking Details
  • Parking Garage: None, None Known
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: None, Other
  • Heating Type: Natural Gas, Other
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Partial
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional
  • Tenant Pays: Electricity, Gas/Propane, Water
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $2,948.00
  • Unit Actual Rent: $2,948.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $1,826.00
  • Unit Actual Rent: $1,826.00
  • Like Units: 1
Unit 3 Information
  • Unit Baths: 1
  • Unit Rent: $1,375.00
  • Unit Actual Rent: $1,375.00
  • Like Units: 1

Property History for 934 Reed Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 934 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

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Similar Sold Homes

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Listing Courtesy of eXp Realty of California, Inc., Rob Linton, DRE #01301758

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