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1141 47 Reed Ave

San Diego, CA 92109
  • $3,595,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: 250044037SD
UPDATED: 43 min ago
$3,595,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Ratings & Info

Listing Agent(s): Joseph Burrough of Palma Commercial (858-352-6742)


Description

It is with great pride that we present for sale 1141-47 Reed Avenue, a phenomenally well-located four-unit property in the heart of Pacific Beach, within walking distance to Sail Bay (+/-2.5 blocks), the beach (+/-4.5 blocks), and more recreation options than one could ever tire of. Comprised of two (2) 2br/1ba units; one (1) 2br/2ba unit; and one (1) 3br/2ba unit, there are ten off-street parking spaces (including a 2-car garage), and all units either have in-unit laundry (3), or exclusive access to an outdoor laundry room (1). The front duplex (1145-47 Reed Ave.) features a spacious 3-bedroom/2-bathroom owners 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 generous 2-bedroom/2-bathroom unit (1145) with updated kitchen and bathrooms, including grey shaker-style cabinetry, granite countertops, newer appliances (including dishwasher and micro-hood), with tile flooring throughout (carpeted bedrooms), and radiant heat. Adjacent to unit 1145 is a 2-car garage, with two (2) off-street surface spaces behind it. The rear duplex (1141-43 Reed Ave.) has a 2-bedroom/1-bathroom unit above a 2-bedroom/1-bathroom unit, both with in-unit laundry hookups, luxury vinyl plank flooring, granite countertops, among other upgrades. Behind this building there are six (6) surface off-street parking spaces. 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-04T17:35:10.073. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/169937817
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1141 47 Reed Ave San Diego, CA 92109

  • Price: $3,595,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 43 min ago
  • ID#: 250044037SD
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1970
Built
Neighborhood:
Pacific Beach
County:
San Diego
Area:
92109 - Pacific Beach
Property Description
It is with great pride that we present for sale 1141-47 Reed Avenue, a phenomenally well-located four-unit property in the heart of Pacific Beach, within walking distance to Sail Bay (+/-2.5 blocks), the beach (+/-4.5 blocks), and more recreation options than one could ever tire of. Comprised of two (2) 2br/1ba units; one (1) 2br/2ba unit; and one (1) 3br/2ba unit, there are ten off-street parking spaces (including a 2-car garage), and all units either have in-unit laundry (3), or exclusive access to an outdoor laundry room (1). The front duplex (1145-47 Reed Ave.) features a spacious 3-bedroom/2-bathroom owners 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 generous 2-bedroom/2-bathroom unit (1145) with updated kitchen and bathrooms, including grey shaker-style cabinetry, granite countertops, newer appliances (including dishwasher and micro-hood), with tile flooring throughout (carpeted bedrooms), and radiant heat. Adjacent to unit 1145 is a 2-car garage, with two (2) off-street surface spaces behind it. The rear duplex (1141-43 Reed Ave.) has a 2-bedroom/1-bathroom unit above a 2-bedroom/1-bathroom unit, both with in-unit laundry hookups, luxury vinyl plank flooring, granite countertops, among other upgrades. Behind this building there are six (6) surface off-street parking spaces. 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.
Exterior Features

Fencing Partial Parking Total 0 Pool Features None Pool Private YN No Roof Composition Spa YN No View None View YN Yes

Interior Features

Cooling See Remarks Cooling YN Yes Heating CombinationElectricNatural GasRadiantWood Heating YN Yes

Property Features

Association Fee 0 Cap Rate 3.07 Gross Scheduled Income 180600 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 110419 Senior Community YN No Tenant Pays ElectricityGas



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-04T17:35:10.073. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Independent Broker Network
1148 N. Chinowth Suite A
Visalia CA, 93291
Listing Agent(s): Joseph Burrough of Palma Commercial (858-352-6742)