1141 47 Reed Ave. San Diego, CA $ 3,225,000
1141 47 Reed Ave.
$ 3,225,000
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1141 47 Reed Ave.

San Diego, CA, 92109
$ 3,225,000
Bedrooms-- Baths1.0

Monthly Estimate*

$ 22,274

Listed by Joseph Burrough, Palma Commercial, jburrough@palmacommercial.com
1141 47 Reed Ave., San Diego, CA 92109 - Image 1
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Multi-Family Home for sale in San Diego, CA

for $3,225,000 with 1 full bath. This home was built in 1979.

It is a pleasure to present for sale 1141-47 Reed Avenue, a phenomenally well-located four-unit property in Pacific Beach, steps from Sail Bay (2.2 blocks), the beach (4.4 blocks), and more recreation options than one could ever tire of. Comprised of: two (2) 2br/1ba units; one (1) 2br/2ba unit; and one (1) 3br/2ba 'owner's' unit with rooftop deck, there are ten total off-street parking spaces, including a 2-car garage and eight (8) surface spaces. All units have either in-unit laundry or washer/dryer hookups, as well as an exclusive use patio/balcony or yard. The front duplex (1145-47 Reed Ave.) features a spacious 3-bedroom/2-bathroom unit on top (1147), boasting vaulted ceilings with high windows and skylights for good natural light, a rooftop deck and private balcony, plus a large master bedroom with double-sided fireplace, a bonus room, and an en-suite bathroom with jacuzzi tub. This unit is ripe with upside potential via a full modernization. Below is a 2-bedroom/2-bathroom unit (1145) with updated kitchen and bathrooms, including white shaker-style cabinetry, granite countertops, stainless steel oven/range, micro-hood, and white dishwasher, with tile flooring throughout (carpeted bedrooms), and radiant heat. Adjacent to unit 1145 is a 2-car garage, with two (2) surface off-street parking spaces in front of it. The rear duplex (1141-43 Reed Ave.) has two (2) 2-bedroom/1-bathroom units, with stacked washer/dryer upstairs and washer/dryer hookups downstairs, vinyl plank flooring, newer kitchen cabinets, et al. The roof of this building was just replaced. Residents at 1141-47 Reed Avenue enjoy great proximity to fun in the sand and surf, as well as a charming setting with private outdoor areas at each unit, some small lawn areas and tasteful landscaping throughout, its two large storage sheds plus two private bike and board outdoor storage areas, and a great parking situation. The front building (built in/around 1979) is of wood frame construction upon a concrete on grade foundation, and features a partial pitched roof with composition shingles, and wood siding, while the rear building (built in/around the 1950s or 60s), also on a concrete slab foundation with a pitched (hip) roof and composition shingles, has stucco for its exterior siding. All units are separately metered for gas and electricity, and the property is on city trash/recycling.

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Multi-Family Active

Price

$ 3,225,000

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Year Built

1979

Town/City

San Diego

County/Region

San Diego

MLS | Web ID

260024035SD

Days on Market

12

Features
General
Heating Combination Natural Gas
Cooling See Remarks
Roof Composition
Appliances Gas Water Heater
HOA Fee 0
Year Built 1979
Tenant Pays Electricity Gas
Stories Count 2
Levels Two
County San Diego
Net Operating Income 120810
Property Type Residential Income
Subdivision Name Pacific Beach
Status Active
Directions CrossStreet: Dawes
City San Diego
Senior Community Y/N false
Number Of Units Total 4
MLS Area 92109 - Pacific Beach
Listing Terms Cash Conventional
Virtual Tour https://www.propertypanorama.com/instaview/snd/260024035
Standard Status Active
Cap Rate 3.75
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Interior
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Fencing Partial
Lot Features Sprinkler System
Total Parking 0
Park Name NA
Number of Buildings 2
Spa false
Lot Size Source Assessor
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* Excluded Features
List By
Joseph Burrough

Listing Agent

Palma Commercial

Broker

jburrough@palmacommercial.com

Email

Affordability Calculator

$22,274
Per Month
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Monthly Principal & Interest
$22,274
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Default based on a 30-year fixed rate of 7.375% 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
10/2/2026$3,225,000 Listed Price

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1141 47 Reed Ave., San Diego, CA, 92109 is a Multi-Family Home for sale at $3,225,000. 1141 47 Reed Ave. has 1.0 baths and was built in 1979. The property's zip code is 92109 which is in San Diego, CA