2073 79 Reed Ave
San Diego, CA 92109
Map
- – beds
- – baths
- – sqft
- 6,254 sqft lot
- 1957 build
- – on site
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.
Last checked:
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Last updated Jul 11, 2025
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MLS# 250032628SD —
The Building
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Year Built:1957
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Total Number Of Units:4
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# of Buildings:1
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Roof:Composition
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Stories Total:2
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Number With Patio:4
Interior
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Levels:Two
Location
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Directions:CrossStreet: Noyes St
The Property
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Property Type:Residential Income
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Lot Size Area:6254.0000
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Lot Size Acres:0.1436
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Lot Size SqFt:6254.00
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Lot Size Source:Assessor
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View:1
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View:Bay
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Parcel Number:4242611200
Heating & Cooling
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Heating:1
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Heating:Natural Gas
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Cooling:No
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Cooling:None
The Community
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Subdivision:Pacific Beach
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Subdivision:Pacific Beach
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Neighborhood:Pacific Beach
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Park Name:Mission Bay
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Senior Community:No
Extra Units
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Number With Dishwasher:4
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Number With Refrigerator:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/7/25
Jul 7, 2025
|
Listed / Active | CRMLS_CA | $3,099,000 | 37.7% |
|
5/27/25
May 27, 2025
|
Listed / Active | CRMLS_CA | ||
|
10/28/24
Oct 28, 2024
|
CRMLS_CA | $2,250,000 | -9.8% |
