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1652 Reed
1 / 7

1652 Reed #1

D

San Diego, CA 92109

$1,095,000

Soft Appraisal Value: $1,071,400 · 2.2% above estimate

Beds

3

Baths

2

Sqft

1,371

Year Built

1989

Days on Market

60

Property Type

Condo

HOA/mo

$450

MLS ID

260005694SD

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

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About This Property

Single level light and bright first floor end unit in Pacific Beach. Enjoy the large stone tiled private patio with access from the master bedroom and living room. Condo features recessed lighting, granite countertops, marble fireplace, large master bedroom and interior laundry closet. Small Quiet Complex, close to the beach and Sail Bay. Boasts a Walk Score of 89, putting central Pacific Beach shops and restaurants just steps away. Comes with 2 designated parking spaces: one in an attached garage and one additional carport/driveway spot. This single-level, first-floor end unit in the Reed Villas II complex offers a rare combination of privacy and coastal convenience in the heart of Pacific Beach and wont last long! DO NOT GO ON PROPERTY OR DISTURB TENNANTS!

Mortgage Calculator

Est. Monthly Payment

$7,401

Principal & Interest$5,537
Property Tax$1,095
Insurance$319
HOA$450
%($219,000)
%

Location

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Investment Score

15D
Est. Monthly Rent
$4,890
Monthly Cashflow

Rent − PITIA

$-2,511
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,548

Mortgage (P+I)
$5,537
Cap Rate
1.08%
Cash-on-Cash
-24.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.66
Break-even Rent
$10,797

NOI (Annual)
$11,866
Price-to-Rent

Lower = better for investors

18.7

* 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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