1021 Reed
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1021 Reed

C

San Diego, CA 92109

$2,300,000
NEW — 1d

Soft Appraisal Value: $2,247,600 · 2.3% above estimate

Beds

4

Baths

2

Sqft

1,408

Year Built

1955

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260017033SD

This property is in San Diego (92109). View neighborhood stats →

About This Property

Completely reimagined from the inside out, this stunning Pacific Beach home offers modern coastal living just two blocks from the Pacific Ocean and two blocks from Sail Bay. Situated on a rare approximately 6,400 sq. ft. lot with alley access, this move-in-ready home features a brand-new interior with 4 bedrooms and 2 beautifully remodeled bathrooms. Thoughtfully redesigned with a bright, open floor plan and high-quality finishes throughout, the home blends contemporary style with effortless functionality. The spacious backyard provides plenty of room for entertaining, relaxing, or future expansion. Solar panels add energy efficiency, while the detached two-car garage offers additional flexibility. An exceptional opportunity for both homeowners and investors, the property includes plans for three ADUs, creating the potential to maximize rental income or establish a multi-unit investment in one of San Diego's most desirable coastal neighborhoods. Located directly across from the Pacific Beach Library and just minutes from the beach, Sail Bay, restaurants, cafés, and shopping, this rare property combines turnkey living with outstanding long-term investment potential in the heart of Pacific Beach. Currently leased through July 2027 for $8250/month.

Mortgage Calculator

Est. Monthly Payment

$14,601

Principal & Interest$11,630
Property Tax$2,300
Insurance$671
%($460,000)
%

Location

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Investment Score

2D
Est. Monthly Rent
$6,870
Monthly Cashflow

Rent − PITIA

$-7,731
Full Cashflow

Incl. vacancy, PM, maint, capex

$-11,228

Mortgage (P+I)
$11,630
Cap Rate
0.21%
Cash-on-Cash
-29.29%
DSCR

Need ≥ 1.25 for DSCR loan

0.47
Break-even Rent
$21,452

NOI (Annual)
$4,827
Price-to-Rent

Lower = better for investors

27.9

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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