1738 Reed Ave #B
Ctop 80%San Diego, CA 92109
264 licensed short-term rentals within ½ mile (204 whole home), from the cities' license and permit lists of Nov 2, 2026.
No unit in this 4-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.
Pass at asking: -$5,277/mo full cashflow at 20% down, 7.49% rate.
Works at $310,775 (69% under asking), or at 96% down.
Rent $4,672/mo from 8 leases of 2-bed condos & townhomes within 0.5 mi, same school area ($4,680–$6,605). Previously leased for $3,295.
Beds
2
Baths
2.5
Sqft
1,644
Year Built
1984
Days on Market
45
Property Type
Condo
HOA/mo
$1,200
MLS ID
260022816SD
This property is in San Diego (92109). View neighborhood stats →
About This Property
Top-floor Pacific Beach condo offering 2 bedrooms, 2.5 bathrooms, 1,644 sq. ft. of living space with no neighbors above. The spacious main level features a large living room with a fireplace, 2 decks, guest bath, along with a dedicated breakfast area & 3rd balcony. Upstairs, both bedrooms feature ensuite bathrooms, creating a functional layout with added privacy. The home also includes a two-car garage. Set within an intimate four-unit complex with spa on a peaceful and quiet, tree-lined street, the home is just a short walk from Mission Bay and minutes from the beach, restaurants, coffee shops, grocery stores, and everything Pacific Beach has to offer.
Mortgage Calculator
Est. Monthly Payment
$8,046
Location
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Zoned Schools
Elementary
Crown Point Elementary · grades PK-5 · San Diego Unified
Middle
Pacific Beach Middle · grades 6-8 · San Diego Unified
High
Mission Bay High · grades 9-12 · San Diego Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$4,672
Comp Average
$5,337
1323 Felspar St
3bd / 2.5ba · 2,025 sqft · Condo
$1.43M
Est. $6,638/mo
1134 Grand Ave
3bd / 3ba · 1,496 sqft · Condo
$1.32M
Est. $5,984/mo
924 Hornblend St
2bd / 2.5ba · 1,303 sqft · Condo
$1.09M
Est. $4,529/mo
974 Sapphire Street
3bd / 3.5ba · 1,300 sqft · Townhouse
$1.57M
Est. $5,133/mo
3940 Gresham Street
2bd / 2ba · 1,371 sqft · Condo
$1.05M
Est. $4,402/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Previously leased for $3,295
8 leases of 2-bed condos & townhomes within 0.5 mi, same school area · $4,680–$6,605
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,277/mo short at 20% down; 96% down or +$6,853/mo rent closes it.
- Break-even price
- $310,775
- Break-even rent
- $11,525/mo
- Cashflow at 35% down
- −$4,234/mo
- Down payment to break even
- 96%
- Rate to break even
- Not reachable
69% under asking
$6,853/mo above the estimate
$955,200 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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