It is a pleasure to present for sale 1141-47 Reed Avenue, a phenomenally well-located four-unit property in Pacific Beach, steps from Sail Bay (2.2 blocks), the beach (4.4 blocks), and more recreation options than one could ever tire of. Comprised of: two (2) 2br/1ba units; one (1) 2br/2ba unit;… Read More and one (1) 3br/2ba 'owner's' unit with rooftop deck, there are ten total off-street parking spaces, including a 2-car garage and eight (8) surface spaces. All units have either in-unit laundry or washer/dryer hookups, as well as an exclusive use patio/balcony or yard. The front duplex (1145-47 Reed Ave.) features a spacious 3-bedroom/2-bathroom unit on top (1147), boasting vaulted ceilings with high windows and skylights for good natural light, a rooftop deck and private balcony, plus a large master bedroom with double-sided fireplace, a bonus room, and an en-suite bathroom with jacuzzi tub. This unit is ripe with upside potential via a full modernization. Below is a 2-bedroom/2-bathroom unit (1145) with updated kitchen and bathrooms, including white shaker-style cabinetry, granite countertops, stainless steel oven/range, micro-hood, and white dishwasher, with tile flooring throughout (carpeted bedrooms), and radiant heat. Adjacent to unit 1145 is a 2-car garage, with two (2) surface off-street parking spaces in front of it. The rear duplex (1141-43 Reed Ave.) has two (2) 2-bedroom/1-bathroom units, with stacked washer/dryer upstairs and washer/dryer hookups downstairs, vinyl plank flooring, newer kitchen cabinets, et al. The roof of this building was just replaced. Residents at 1141-47 Reed Avenue enjoy great proximity to fun in the sand and surf, as well as a charming setting with private outdoor areas at each unit, some small lawn areas and tasteful landscaping throughout, its two large storage sheds plus two private bike and board outdoor storage areas, and a great parking situation. The front building (built in/around 1979) is of wood frame construction upon a concrete on grade foundation, and features a partial pitched roof with composition shingles, and wood siding, while the rear building (built in/around the 1950s or 60s), also on a concrete slab foundation with a pitched (hip) roof and composition shingles, has stucco for its exterior siding. All units are separately metered for gas and electricity, and the property is on city trash/recycling. Read Less
Listing Snapshot
Days Online
34
Last Updated
Year Built
1979
MLS Number
260024035SD
Additional Details
Appliances & Equipment
GasWaterHeater
Building
Built in 1979, 2 buildings, 2 stories, Levels: Two
Community
Park Name: NA
Cooling
SeeRemarks
Fence
Partial
Heating
Combination, NaturalGas
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $189,540, Net Operating Income: $114,376
Lot
SprinklerSystem
Roof
Composition
Taxes
Parcel Number: 4232510700
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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