2138-2140 Reed Ave San Diego, CA ^$ 1,899,000

2138-2140 Reed Ave

^$ 1,899,000

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2138-2140 Reed Ave

San Diego, CA, 92109

^$ 1,899,000

Bedrooms5 Baths3.0

Monthly Estimate*

^$ 11,692

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Multi-Family Home for sale in San Diego, CA

for $1,899,000 with 5 bedrooms and 3 full baths. This home was built in 1960 on a lot size of 0.070386.

Opportunity is the name of the game with this remodeled two-unit property in the heart of Pacific Beach. The front unit is a recently remodeled 3-bedroom, 2-bath home featuring open-concept living on the main level with a full bath and laundry. Upstairs, you’ll find all three bedrooms and a second full bath, including a primary suite with bay, SeaWorld, and downtown views plus a private deck to enjoy ocean breezes and sunsets. The rear unit is a charming 2-bedroom, 1-bath bungalow full of classic PB character, complete with an inviting front porch and a back patio perfect for relaxing or storing surfboards and bikes. Both units are equipped with mini-split systems, and the property offers ample parking with three off-street spaces. Ideally located within walking distance to Mission Bay, Kendall-Frost Preserve, Crown Point Park, and Mission Bay Golf Course, plus a short stroll to Campland for live music, food, boating, and summer fun. Whether you’re seeking an investment, second home, or an owner-occupant opportunity with rental income at the beach, this property truly checks all the boxes.

Multi-Family Active

Price

^$ 1,899,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Res Income 2-4 Units

Lot Size

0.070386

Year Built

1960

Town/City

San Diego

County/Region

San Diego

MLS | Web ID

260002133

Features

General

Heating Zoned Areas

Cooling Zoned Area(s)

Roof Composition

Security Features N/K

Construction Materials Stucco

Year Built 1960

Tenant Pays Other/Remarks

Levels Other/Remarks

Property Subtype Res Income 2-4 Units

Building Name n/a

County San Diego

Operating Expense 1.0

New Construction N

Property Type Residential Income

HOA N

Attached Garage N

Subdivision Name PACIFIC BEACH

Full Baths 3

Status ACTIVE

City San Diego

Senior Community Y/N N

Number Of Units Total 2

MLS Area Coastal South

Lot Size Units Acres

Lot Size Square Feet 3066.0

Property Attached Y/N N

Virtual Tour https://www.propertypanorama.com/instaview/snd/260002133

Building Area Units Sqft

Living Area Units Sqft

Standard Status Active

Cap Rate 0.0

Freehold IDX

Exterior

Fencing Full

Lot Size Area 0.07

Number of Buildings 2

Building Area Total 1704.0

Waterfront Y/N N

Interior

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Half Baths 0

Total Bedrooms 5

Total Baths 3

* Excluded Features

List By

Scott A Booth

Listing Agent

Compass

Broker

(858) 775-0280

Phone

Affordability Calculator

$11,692

Per Month

Monthly Principal & Interest: $11,692
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in San Diego, CA

Average List Price ^$2,213,562

Percent of Sale Price 17%

About San Diego, CA

1,417,428 Population

15% Since 2002

^$72,408 Median Income

36.37 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

281193 Elementary School

281006 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/23/2026	$1,899,000	-5.00%	Price Down
1/29/2026	$1,999,000		Listed Price

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2138-2140 Reed Ave, San Diego, CA, 92109 is a Multi-Family Home for sale at $1,899,000 with a lot size of 0.070386. 2138-2140 Reed Ave has 5 bedrooms, 3.0 baths, and was built in 1960. The property's zip code is 92109 which is in San Diego, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of The Internet Data Exchange Program of San Diego Multiple Listing Service, Inc.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.

Data is updated as of 3/26/2026.

CA BRE #019180026.

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2138-2140 Reed Ave

Multi-Family Home for sale in San Diego, CA

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