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1517 Reed
Coastal South San Diego 92109

$3,000,000 /428571.0
Com-Res Income 6,251 sq. ft. built: 0

Main Photo: Property for sale: 1517 Reed in San Diego
Photo 1: Property for sale: 1517 Reed in San Diego
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Photo 6: Property for sale: 1517 Reed in San Diego
Status:
Active
Prop. Type:
Com-Res Income
MLS® Num:
250025139
For sale 1517 Reed Avenue, a 7-unit residential community perfectly situated on the northern edge of the Crown Point neighborhood of Pacific Beach. Well maintained, 1517 Reed offers a new investor significant immediate rental upside. Built on a 6,251 SF lot, the property features an ideal unit mix of spacious floor plans, including a two-bedroom, two-bath, (3) two-bedroom, one & half bath townhomes, (2) one-bedrooms, and a studio. The property also offers 2 garages, 5 open spaces (4 with tandem potential), and a laundry facility for the tenant’s convenience. The garages provide future ADU potential.
Price Per Unit:
428571.0
Total Floor Area:
6,251 sq. ft.
County:
San Diego
Market Area:
Coastal South
Number of Buildings:
1
Number of Units:
7
Stories:
2 Story
Num Stories:
2
Year Built:
0
Gross Multiplier:
15.9
Gross scheduled income:
189467.0
Operating expense:
69250
Gross equity:
0
Motive / Want:
Cash Out
Short Sale:
No
Listing Type:
Exclusive Right (R)
Parking:
Garages, Spaces
Number of Carports:
0
Total Parking Spaces:
7
Number of Units with Garages:
2
Number of Leased Apartments:
7
Parcel Number:
4232840300
Number of Units in Unit 1:
1
Total Rent for Unit 1:
2575.0
Bedrooms for Unit 1:
2
Bathroom 1:
2.0
Number of Units in Unit 2:
3
Total Rent for Unit 2:
7446.0
Bedrooms for Unit 2:
2
Bathroom 2:
1.5
Number of Units in Unit 3:
2
Total Rent for Unit 3:
3990.0
Bedrooms for Unit 3:
1
Bathroom 3:
1.0
Number of Units in Unit 4:
1
Total Rent for Unit 4:
1750.0
Bedrooms for Unit 4:
0
Bathroom 4:
1.0
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Listed by CBRE
Data was last updated May 8, 2025 at 07:10 PM (UTC)
Area Statistics
Listings on market:
22
Avg list price:
$4,272,500
Min list price:
$2,100,000
Max list price:
$12,990,000
Avg days on market:
71
Min days on market:
3
Max days on market:
511
Avg price per sq.ft.:
$599.33
These statistics are generated based on the current listing's property type and located in Coastal South. Average values are derived using median calculations.
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. Compilation © 2025 San Diego Multiple Listing Service, Inc.