2073-79 Reed Ave, PACIFIC BEACH, CA

$3,099,000

Previous Next

9

Beds

5

Baths

About 2073-79 Reed Ave

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 of 2073-79 Reed Ave

MLS® # 250032628
Price $3,099,000
Bedrooms 9
Bathrooms 5.00
Full Baths 5
Year Built 1957
Type Residential Income
Sub-Type Res Income 2-4 Units
Status Closed

Community Information

Address 2073-79 Reed Ave
Area San Diego (92109)
Subdivision Pacific Beach
City PACIFIC BEACH
County San Diego
State CA
Zip Code 92109

Amenities

View Bay
Is Waterfront Yes
Has Pool Yes

Interior

Cooling N/K
Fireplace Yes
Stories 2 Story

Exterior

Roof Composition
Construction Adobe

Additional Information

Date Listed July 7th, 2025
Days on Market 11
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Realty

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?