1105 Reed Avenue

1105 Reed Avenue

D

San Diego, CA 92109

$3,150,000

Beds

Baths

Sqft

3,089

Year Built

1991

Days on Market

74

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

NDP2600651

View on MLS

Description

Welcome to this rare coastal duplex that is ideally located in the heart of Pacific Beach. Situated on a quiet corner lot just four blocks from the beach and two blocks from Sail Bay, this well-maintained three-story property offers space, privacy, and flexibility in one of San Diego’s most desirable coastal neighborhoods. The property features two spacious units, each offering 3 bedrooms, an optional 4th bedroom, and 2.5 bathrooms, with a combined approximate 3,100 square feet of living space. Both residences enjoy generous layouts, abundant natural light, in-unit laundry, and separate two-car garages. A rooftop balcony captures beautiful bay views, providing an ideal setting for relaxing or entertaining. While much of the interior retains its original character, the home has been thoughtfully cared for and presents a wonderful opportunity for a new owner to personalize and update. Whether enjoyed as a primary residence with a secondary unit, a multi-generational living arrangement, or a long-term coastal home with added flexibility, 1105 Reed Avenue delivers comfort, location, and lasting value in the heart of Pacific Beach’s Braemar District.

Mortgage Calculator

Est. Monthly Payment

$19,997

Principal & Interest$15,928
Property Tax$3,150
Insurance$919
%($630,000)
%

Investment Score

0D
Est. Monthly Rent
$6,546
Monthly Cashflow

Rent − PITIA

$-13,451
Full Cashflow

Incl. vacancy, PM, maint, capex

$-17,582

Mortgage (P+I)
$15,928
Cap Rate
-0.63%
Cash-on-Cash
-33.49%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.33
Break-even Rent
$29,379

NOI (Annual)
$-19,843
Price-to-Rent

Lower = better for investors

40.1

* 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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