2073 79 Reed Ave, San Diego, CA 92109 (MLS # 250032628SD)
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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.
| DAYS ON MARKET | 7 | LAST UPDATED | 7/7/2025 |
|---|---|---|---|
| TRACT | Pacific Beach | YEAR BUILT | 1957 |
| COMMUNITY | 92109 - Pacific Beach | COUNTY | San Diego |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 92109 - Pacific Beach |
| HEAT | Natural Gas |
| LOT | 6255 sq ft |
| STORIES | 2 |
| SUBDIVISION | Pacific Beach |
| VIEW | Yes |
| VIEW DESCRIPTION | Bay |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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