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Listing 39 out of 1,205
$1,175,000 For Sale

1743-1745 Reed Ave.
San Diego, CA 92109

2 units | Multi Family 2-4 - MLS# 190002081
Property Photo
1/12

Description

Terrific opportunity in the heart of Pacific Beach! 2 detached homes on one lot with alley access. Front home newly renovated. Both homes currently tenant occupied. Front house is 3bd, 1bth (1bdm is converted garage, permits unknown). Back house is 2bd, 1bth, both exclusive use yards, laundry and off street parking. Lot is 6732 SF, zoning is RM-1-1 allowing for development of two detached, 2500+ SF, fee-simple homes. See proposed plans attached. Development in process. Act Now before we get too deep!

Features

  • Property Type: Multi Family 2-4
  • Sub Type: Multi Family 2-4
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92109
  • Year Built: 1941
  • Subdivision/Neighborhood: Pacific Beach
  • Units: 2 units
  • Zoning: R-M 1-1
  • # Units w/Dishwashers: 2
  • # of Buildings: 2
  • # of Units w/Patios: 2
  • # of Units w/Range/Oven: 2
  • # of Units w/Refrigerator: 2
  • Annual Expense Actual: 17300
  • Cap Rate Actual: 3.8
  • Community: Pacific Beach
  • Complex/Park: Pacific Beach
  • Gross Rent Multiplier Act: 18.83
  • Gross Sched Income Actual: 62400
  • Listing Area: PACIFIC BEACH (92109)
  • Lot Size Area: 4, 000-7, 499 SF
  • Roof: Composition
  • Siding: Stucco
  • Tenant Pays: Cable TV, Electricity, Gas/Propane
  • Terms: Cash, Conventional
  • Unit 1 # Bedrooms: 3
  • Unit 1 # Total Baths: 1
  • Unit 1 # of Full Baths: 1
  • Unit 1 Deposit: 2950
  • Unit 1 Estimated SqFt: 970
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Rent Actual: 2950
  • Unit 2 # Bedrooms: 2
  • Unit 2 # Total Baths: 1
  • Unit 2 # of Full Baths: 1
  • Unit 2 Deposit: 2250
  • Unit 2 Estimated SqFt: 775
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: Yes
  • Unit 2 Rent Actual: 2250
Courtesy of Atlas Realty, Inc.

 

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