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2073 Reed Ave San Diego CA 92109 MLS #250032628SD

5% DAY-ONE CAP RATE COASTAL 4-UNIT IN PACIFIC BEACH | $18,895/MONTH INCOME 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.

Property Details

Price:
$3,099,000
MLS #:
250032628SD
Status:
Active
Baths:
0
Address:
2073 Reed Ave
Type:
Residential Income
Subdivision:
Pacific Beach
Neighborhood:
92109pacificbeach
City:
San Diego
Listed Date:
Jul 7, 2025
State:
CA
ZIP:
92109
Lot Size:
6,254 sqft / 0.14 acres (approx)
Year Built:
1957

Schools

Interior

Cooling
None
Heating
Natural Gas

Exterior

Parking Spots
0.00
Roof
Composition
Stories Total
2
View
Bay

Financial

Association Fee
0.00
Tenant Pays
Trash Collection, Electricity, Gas

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2073 Reed Ave
San Diego, CA