1021 Reed San Diego

1021 Reed San Diego

D

, CA 92109

$1,999,000
NEW — 6d on market

Beds

3

Baths

2

Sqft

1,408

Year Built

1955

Days on Market

6

Property Type

Single Family

HOA/mo

N/A

MLS ID

PW26040879

View on MLS

Description

Investors, builders, and visionary buyers rare opportunity on a 50’ x 128’ lot in the heart of Pacific Beach.Located just two blocks from the Pacific Ocean and two blocks from Sail Bay, this house sits on an approximately 6,400 sqft lot with streets on two sides in one of Pacific Beach’s most desirable neighborhoods. Opportunities with this lot width and positioning are increasingly hard to find.The existing 3-bedroom, 2-bath home offers approximately 1,400 sq ft of living space and is ready for renovation, presenting clear value-add potential. Whether you’re looking to remodel into your own coastal retreat, take on a fix-and-flip project, hold as a long-term rental, or explore redevelopment possibilities, this property provides flexibility and upside.This original Pacific Beach home retains charming details including hardwood floors and a fireplace in the rear bedroom, which features a slider opening to the spacious backyard. The generous yard offers ample space to entertain, expand, or design your ideal outdoor setting. Solar panels are already installed on the roof, adding energy efficiency and long-term savings.Additional highlights include a detached two-car garage with alley access and a prime location directly across from the Pacific Beach Library. Enjoy easy access to the beach, bay, local restaurants, shops, and the vibrant PB lifestyle.With its location, lot size, and potential, 1021 Reed Avenue represents a rare chance to create something special in one of San Diego’s most sought-after coastal communities.

Mortgage Calculator

Est. Monthly Payment

$12,690

Principal & Interest$10,108
Property Tax$1,999
Insurance$583
%($399,800)
%

Investment Score

2D
Est. Monthly Rent

Market Rent Estimate

$6,352
Monthly Cashflow

Rent − PITI − HOA

$-6,338
Full Cashflow

Incl. vacancy, PM, maint, capex

$-9,465

Mortgage (P+I)
$10,108
Cap Rate
0.39%
Cash-on-Cash
-19.02%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.63
Break-even Rent
$12,690

NOI (Annual)
$7,718
Price-to-Rent

Lower = better for investors

26.2

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

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