1119 Reed Avenue
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1119 Reed Avenue #2

C

San Diego, CA 92109

$1,140,000

Soft Appraisal Value: $1,126,400 · 1.2% above estimate

Beds

3

Baths

2.5

Sqft

1,430

Year Built

1985

Days on Market

107

Property Type

Condo

HOA/mo

$300

MLS ID

OC26033281

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

About This Property

Welcome to 1119 Reed Ave #2, a 3-bedroom, 3-bath condominium in highly desirable San Diego, located in the heart of vibrant Pacific Beach. Offering approximately 1,430 square feet of living space, this home combines comfort, convenience, and an unbeatable coastal location.Recently refreshed with brand-new carpet and fresh interior paint, the interior feels bright, clean, and move-in ready. The functional floor plan features a cozy living and dining area ideal for entertaining, while the bedrooms and multiple bathrooms provide flexibility for guests, roommates, or a home office setup.Parking is a standout feature! Enjoy a private garage, one additional assigned space directly behind the garage, plus street parking for guests, a rare and valuable combination in Pacific Beach.The community offers a low HOA of approximately $300 per month, with amenities such as a courtyard and an area on the front patio for social gatherings. Located just minutes from the beach, Mission Bay, popular restaurants, coffee shops, grocery stores and boutique shopping, this home places you in the center of everything that makes coastal San Diego living so desirable. Certain photos have been virtually staged to help visualize layout and design possibilities.

Mortgage Calculator

Est. Monthly Payment

$7,537

Principal & Interest$5,764
Property Tax$1,140
Insurance$332
HOA$300
%($228,000)
%

Location

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Investment Score

39C
Est. Monthly Rent
$6,299
Monthly Cashflow

Rent − PITIA

$-1,237
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,636

Mortgage (P+I)
$5,764
Cap Rate
2.24%
Cash-on-Cash
-19.14%
DSCR

Need ≥ 1.25 for DSCR loan

0.84
Break-even Rent
$11,021

NOI (Annual)
$25,539
Price-to-Rent

Lower = better for investors

15.1

* 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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