934 Reed Avenue San Diego, CA $ 2,780,000
934 Reed Avenue
$ 2,780,000
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934 Reed Avenue

San Diego, CA, 92109
$ 2,780,000
Baths0.0

Monthly Estimate*

$ 17,117

Listed by Compass
934 Reed Avenue, San Diego, CA 92109 - Image 1
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934 Reed Avenue, San Diego, CA 92109 - Image 3
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934 Reed Avenue, San Diego, CA 92109 - Image 7
934 Reed Avenue, San Diego, CA 92109 - Image 8
934 Reed Avenue, San Diego, CA 92109 - Image 9
934 Reed Avenue, San Diego, CA 92109 - Image 10
Studio

Multi-Family Home for sale in San Diego, CA

for $2,780,000. This home was built in 1950 on a lot size of 0.1434.

Positioned just blocks from the sand at Sail Bay, this rare Pacific Beach offering presents a fully entitled, shovel-ready opportunity to deliver a modern coastal compound in one of San Diego’s most dynamic beach communities. Approved Coastal Development Permits, complete architectural plans, and construction estimates are in place for two striking contemporary residences—each paired with a private ADU—creating a versatile, high-demand product profile. Each main residence is thoughtfully designed at approximately 2,195 square feet, featuring 4 bedrooms and 3.5 bathrooms, with a penthouse level and rooftop deck that invite ocean breezes and offer the potential for sweeping coastal outlooks. The detached ADUs, approximately 795 square feet with 2 bedrooms and 2 bathrooms, provide exceptional flexibility for income generation or multigenerational use. Subterranean parking for each home enhances both functionality and design integrity. Set within close proximity to the shoreline, surf at Tourmaline, and the energy of Pacific Beach’s shops and dining, this is a unique opportunity to capitalize on a fully approved coastal development in a supply-constrained location.

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Multi-Family Active

Price

$ 2,780,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1434

Year Built

1950

Town/City

San Diego

County/Region

San Diego

MLS | Web ID

260008138SD

Days on Market

11

Features
General
Heating Natural Gas None
Cooling None
HOA Fee 0
Year Built 1950
Tenant Pays Electricity Gas Water
View Bay Ocean
Stories Count 2
Levels Two
County San Diego
Net Operating Income 8000
Property Type Residential Income
Subdivision Name Pacific Beach
Status Active
Directions CrossStreet: Bayard and Cass St.
City San Diego
Senior Community Y/N false
Number Of Units Total 3
MLS Area 92109 - Pacific Beach
Lot Size Units Square Feet
Lot Size Square Feet 6246
Listing Terms Cash Conventional
Spa Features None
Standard Status Active
Cap Rate 0
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Interior
Total Stories 2
Air Conditioning Y/N false
Heating Y/N false
Total Baths 0
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Exterior
Total Parking 0
Lot Size Area 6246
Park Name N/A
Number of Buildings 2
Spa true
Lot Size Acres 0.1434
Lot Size Source Assessor
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* Excluded Features
List By
Compass

Broker

seth@obyrneteam.com

Email

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$17,117
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Monthly Principal & Interest
$17,117
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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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/7/2026$2,780,000 Listed Price

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934 Reed Avenue, San Diego, CA, 92109 is a Multi-Family Home for sale at $2,780,000 with a lot size of 0.1434. 934 Reed Avenue is a studio with 0.0 baths and was built in 1950. The property's zip code is 92109 which is in San Diego, CA